Signaling its increasing scrutiny on investment advisers managing crypto assets, the SEC and CFTC recently jointly proposed a rule that would require private fund managers who are required to file Form PF to report information on digital asset investments held by their private funds.<\/p>\n
The release defines a \u201cdigital asset\u201d as an asset that is issued or transferred using distributed ledger or blockchain technology including, but not limited to, virtual currencies, coins, and tokens.<\/p>\n
Among other things, reporting managers would need to provide a good faith estimate of the percentage of the reporting fund\u2019s net asset value invested in digital assets as well as the dollar value of long and short positions in digital assets.<\/p>\n
Read more here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Signaling its increasing scrutiny on investment advisers managing crypto assets, the SEC and CFTC recently jointly proposed a rule that would require private fund managers who are required to file Form PF to report information on digital asset investments held by their private funds. The release defines a \u201cdigital asset\u201d as an asset that is … Continue reading SEC\/CFTC Jointly Proposed Rule Regarding Form PF and Digital Assets<\/span>