Partner Christine Lombardo is quoted by Hedge Fund Law Report in an article examining the implications of reporting requirements called for by the US Securities and Exchange Commission’s new Form PF rules. Christine discussed several aspects of the new requirements, including the short timeframe for advisors to comply once they take effect.
“If there are overlapping implementation periods for multiple significant new rules, it will be really difficult to put together the right resources to meaningfully comply,” Christine said.
“You’ll need to reopen your procedures each time one of these rules is released.”