On Form PF: Call Me, Maybe?
If you think the current raft of regulations in the financial markets are jumbled and eclectic, you should see my taste in music.
Some of my favorite bands/singers are, in no particular order: System of a Down, Johnny Cash, Fiona Apple, Bon Jovi, Nine Inch Nails, Oscar Peterson, Garth Brooks, Credence Clearwater Revival, Iron Maiden and the Boss himself, Bruce Springsteen. What I listen to truly depends on my mood at a particular moment in time.
But whatever mood I'm in, a guilty pleasure is listening to the Top 40 pop hits station. I blame this on one of my best friends, who on road trips would always tune the radio to Rihanna, Katy Perry or Britney Spears (I didn't have much say in the matter, and I'm pretty sure that my penchant for teen pop music is some sort of Stockholm syndrome side effect).
So, while I'm not particularly proud to admit it, you won't be surprised to learn that I really like Carly Rae Jepsen's song "Call Me Maybe." (If you've never heard it, then do yourself a favor and DON'T click on this link.)
Aside from its catchy tune, the song really works because we've all been there and can all relate to it: Waiting and wishing for the phone to ring, and for it to be the girl/guy that you're pining for on the other end, or─in my case─a hedge fund compliance officer who has just submitted their first Form PF filing on August 29, which was the deadline for large advisors with regulatory assets under management of $5 billion or more.
And if the object of my affection seems even stranger than my taste in music, let me explain: I'm working on a feature looking at this first deadline for filing, and I want to know what the greatest challenges were and what smaller and mid-sized firms─which will begin filing in December─can learn from this first wave of submissions.
I've already spoken with numerous vendors and consultancies, but I'm still waiting for that call that makes me swoon: In particular, I'd like to hear from you hedge funds out there. Even if it's off-the-record, I'd be interested to hear about your experience.
Hey, I've never met you, and this is crazy; but here's my number (646-490-3973)─so call me, maybe?
(Or you can just shoot me an email: anthony.malakian@incisivemedia.com.)
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
BlackRock, BNY see T+1 success in industry collaboration, old frameworks
Industry testing and lessons from the last settlement change from T+3 to T+2 were some of the components that made the May transition run smoothly.
How ‘Bond gadgets’ make tackling data easier for regulators and traders
The IMD Wrap: Everyone loves the hype around AI, especially financial firms. And now, even regulators are getting in on the act. But first... “The name’s Bond; J-AI-mes Bond”
Can the EU and UK reach T+1 together?
Prompted by the North American migration, both jurisdictions are drawing up guidelines for reaching next-day settlement.
Waters Wavelength Ep. 293: Reference Data Drama
Tony and Reb discuss the Financial Data Transparency Act's proposed rules around identifiers and the industry reaction.
Clearing houses fear being classified as DORA third parties
As the 2025 deadline looms, CCP and exchange members are seeking risk information that’s usually deemed confidential.
Industry not sold on FIGI mandate for US reg reporting
Banks’ and asset managers’ tortured relationship with Cusip numbers remains tortured, as they tell regulators to keep the taxonomy in play.
T+1 shift sees out-of-hours human resourcing costs spike by as much as 20%
New research finds that trading firms are experiencing increased labor costs—which could be a boon for outsourced trading.
CBOE and Aquis to make bid for European equities tape
The challenger exchanges have plans to become the second public bidder for provider of the European equities tape, following EuroCTP’s incorporation last year.