On September 17, 2025, the SEC voted 3/1 to further extend the compliance date for amendments to Form PF to October 1, 2026. Adopted February 28, 2024, these Form PF amendments would expand reporting requirements for all filers with more extensive reporting for large hedge fund advisers. The initial compliance date, March 12, 2025, was previously extended to June 12, 2025, and then again to October 1, 2025. SEC Chairman Paul Atkins noted that during the next 12 months, SEC staff will be reevaluating the scope of the firms to which Form PF applies and the scope of the information requested. The extension is intended to allow SEC staff further time to review Form PF under President Trump's January 2025 Executive Order to review new rules with respect to any questions of fact, law, and policy that the rules may raise and take further action as needed. As expected, Commissioner Crenshaw dissented to the extension. Chairman Atkins and Director of Investment Management (IM) Brian Daly pointed out that Form PF is shared with the Financial Stability Oversight Council (FSOC) and other regulators who are users of the information and with whom SEC staff are actively engaging and coordinating. Director Daly noted that IM staff have prioritized the review of Form PF given the impending compliance date and that the staff have made good progress on their review to date. He additionally noted that SEC staff intend to engage in further communications in an effort to compromise with both users of Form PF data and filers in order to ensure the form is "right sized and fit for its statutory purpose."