The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have extended the compliance deadline for amended Form PF from October 1, 2026, to July 1, 2027.

The joint announcement on August 31, 2026, marks the fourth delay tied to amendments adopted in 2024. The extension applies to SEC-registered private fund advisers, including firms that manage digital asset portfolios.

SEC and CFTC Extend Form PF Deadline

The latest extension gives fund advisers more time before implementing requirements that may still change as regulators complete their review.

The agencies are continuing to consider public comments on proposed changes announced in April 2026. Regulators said the extra time could help filers avoid the cost of implementing requirements that may later be revised or withdrawn, leaving firms with fewer reasons to rebuild reporting systems before the rules are finalized.

Key details include:

• New compliance date: July 1, 2027
• Previous deadline: October 1, 2026
• Original amendments adopted: February 8, 2024
• Reason cited: avoiding costly implementation of rules that could be revised or scrapped

Form PF Compliance Deadline Timeline

The compliance date has now been postponed several times since the 2024 amendments were adopted.

The latest extension gives private fund advisers more time while the SEC and CFTC evaluate possible changes to the reporting framework, a process that matters because Form PF is a key regulatory filing for understanding leverage, liquidity, and other risk exposures across private funds.

Why Regulators Extended the Deadline

In April 2026, the SEC and CFTC jointly proposed changes to the Private Fund Disclosure Rule. Under that proposal, the filing threshold for private fund assets under management would rise from $150 million to $1 billion.

SEC Chairman Paul S. Atkins said the proposed changes were intended to reduce disclosure requirements that had increased without providing a corresponding benefit to regulators.

The latest Form PF update delays implementation while the proposed revisions remain open for public comment, meaning advisers are not being asked to lock in compliance work before the agencies finish weighing possible changes to the reporting framework.

Impact on Crypto Hedge Funds

Form PF also applies to certain crypto-focused investment firms. SEC-registered private fund advisers managing digital assets and derivatives can fall within the scope of the reporting requirements.

The July 1, 2027, deadline gives crypto fund managers additional time before expanded reporting requirements covering positions, leverage, and counterparty risk become mandatory.

For the digital asset industry, the delay postpones additional regulatory reporting on how large crypto-exposed private funds manage and disclose risk. That makes the timeline relevant not only for compliance teams, but also for firms coordinating reporting across traditional and digital asset strategies.

Industry Reaction

The development was also discussed on social media after the regulators’ announcement, with crypto-focused industry observers highlighting both the new deadline and the reason for the extension.

The repeated postponements have kept the final implementation timetable unsettled as regulators continue considering changes to the reporting framework.

What Comes Next

The July 1, 2027, date is the latest compliance deadline announced by the SEC and CFTC. However, the agencies are still reviewing proposed changes to Form PF, which means the reporting framework could change before the new deadline arrives.

For private fund advisers, including those with exposure to digital assets, the extension provides additional time to prepare while regulators determine the final requirements.