Statement on Amendments to Form PF

It has been over a year since the Commission first proposed the amendments to Form PF that we seek to adopt today.[1] And, what a difference a year makes.[2] Since the filing of the proposal, we have seen a major geopolitical crisis unfold as Russia invaded Ukraine;[3] the U.S. Federal Reserve raised interest rates by nearly 5 percent;[4] and, we have witnessed the unraveling of three regional U.S. banks and one international financial institution, compelling government intervention to stem turbulence, losses, and to promote market confidence.[5],[6]

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