Skye Tian Gao Quoted in 9fin on Proposed SEC Form PF Rule Changes

Partner Skye Tian Gao was recently quoted in 9fin regarding the SEC and Commodity Futures Trading Commission’s proposed changes to Form PF reporting requirements. The regulators have proposed exempting private fund managers with less than $1 billon in AUM from filing Form PFs, which are confidential risk assessments that provide regulators with asset-level insight into private fund managers’ investments.

Skye noted that the changes could lead to information gaps on collateral pool concentrations, leverage, or tranche liquidity in the ABS market. She further stated that “[The] Form PF proposal marks a major deregulatory shift for private fund advisers, and if enacted, its ripple effects will be felt across the ABS industry.”