The Securities and Exchange Commission has designated the Financial Industry Regulatory Authority as the agency to develop and maintain the system for hedge fund advisors to receive new registration forms for hedge fund advisers, for a filing fee of $150.

Form PF, as it is known, helps the SEC understand a lot more about leverage, credit providers, investor concentration and fund performance. The regulator will share the information with the Financial Stability Oversight Council, which now monitors systemic risk.

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