BNY Mellon has launched a reporting solution that enables alternative investment clients to prepare and file Form PF, as required by recent rules introduced by the Securities and Exchange Commission and Commodity Futures Trading Commission.

Form PF reporting complies with Section 404 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which is aimed at protecting investors and the US financial system from future systemic risk.

Registered investment advisors are required to file Form PF with the SEC on either a quarterly or annual basis, depending on the type and size of private funds under management. Investor and fund information required includes portfolio holding details and counterparty exposure, plus beneficial owner and collateral management details.

BNY Mellon’s Form PF reporting solution offers either a “premium service,” whereby the firm collects and aggregates data from internal and external sources, or a “standard service” in which it receives calculated data from the client.