US financial watchdogs have put forward changes aimed at reducing reporting demands on private fund advisers, while keeping what they describe as necessary and appropriate information. In a joint proposal, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) outlined amendments to Form PF, a confidential reporting form for certain SEC-registered investment advisers to private funds. The scope also covers advisers that are registered with the CFTC as commodity ...