MFA submits letter to the SEC and CFTC on proposed Form PF reforms

MFA submitted a letter to the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) regarding proposed amendments to Form PF. MFA's recommendations would improve the quality, consistency, and usefulness of data collected by regulators while reducing unnecessary reporting burdens on fund managers.

MFA recommends that the Commissions:

• Focus reporting requirements on information most relevant to systemic risk monitoring by increasing reporting thresholds.
• Permit portfolio-level exposure reporting to provide regulators with a clearer view of economic exposures and risk management practices.
• Improve consistency and comparability by aligning Form PF with existing accounting standards and regulatory reporting frameworks.
• Streamline event reporting requirements through more practical timelines and clearer reporting triggers.