Form PF Survey

 
1. Did you assist in completing and/or file Form PF on behalf of the investment adviser firm with the Securities and Exchange Commission (SEC)?
2. Please check which section(s) of Form PF you completed:
3. Are you required to file Form PF?
4. Please check all of the types of private funds that your investment adviser firm manages (please only check those that apply best to you):
5. Which, if any, of the questions in Form PF required the greatest level of interpretation?
6. Are there definitions or instructions in Form PF that you disagree with?
If yes, what definitions or instructions do you disagree with?
If yes, why do you disagree with the definition or instruction?
7. Please comment on the SEC guidance pertaining to Form PF:
a. Is the flexibility provided by the SEC in filling out Form PF helpful?
If yes, why?
If no, why not?
b. When the SEC is prescriptive in its Form PF guidance do you agree with the stance the SEC is taking?
If no - why not?
8. Please comment on specific questions in Form PF:
a. What question in Form PF should not have been asked and why not?
b. What questions should have been asked instead and why?
9. What is the most pressing issue the SEC should address in the context of Form PF?
10. In your opinion, what is the purpose of Form PF? Please check all that apply and/or provide additional comments:
11. Are you using a service provider to complete Form PF?
If no, why are you not using a service provider?
If yes, why are you using a service provider?
If you are using a service provider to complete Form PF, are there any issues with using a service provider? Please explain:
12. Please estimate the following pertaining to your investment adviser firm:
13. SEC guidance and support:
a. How would you rate the best level of guidance available from the SEC Staff to assist you in completing Form PF. Please check one:
b. Which Sections/Items on Form PF were not adequately captured by SEC guidance? Please list all relevant Sections/Items:
14. Which question(s) on Form PF were most time consuming to answer?
a. Please list the three most time consuming items on Form PF:
b. Please state shortly why these items proved time consuming (in order of priority):
15. Did your existing reporting, monitoring, and tracking systems adequately capture information required on Form PF?
If no, why not?
If your existing reporting systems did not adequately capture the information required on Form PF, how did you obtain the information necessary to report the data to the SEC?
16. Form PF requires disclosures regarding counterparty credit exposure and collateral [Section 1(b) Item B, Numbers 22, 23, and Section 2(a) Numbers 36, 37, and 38)].

How did you identify the relevant counterparties?
Did you encounter any difficulties in identifying counterparties?
If yes, what difficulties did you encounter?
17. Have your investors asked to obtain your Form PF filing?
If yes, are you providing your Form PF filing to investors?
If you are providing investors with your Form PF filing, why?
If you are not providing investors with your Form PF filing, why not?
18. To the extent permissible, are you using Form PF as a substitute form for required CFTC forms?
If yes, why?
19. Did reporting "Regulatory AUM" as required in Form PF require a level of interpretation from you?
If yes, why?
If yes, how did you interpret the meaning of "Regulatory AUM"?
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