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The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) (collectively, "we" or the "Commissions") are proposing to amend Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as a commodity pool operator or commodity trading adviser.  The amendments are designed to enhance the Financial Stability Oversight Council’s ability to monitor systemic risk as well as bolster the SEC’s regulatory oversight of private fund advisers and investor protection efforts.  In connection with the amendments to Form PF, the SEC proposes to amend a rule under the Investment Advisers Act of 1940 to revise instructions for requesting a temporary hardship exemption.  We also are soliciting comment on the proposed rules and a number of alternatives, including whether certain possible changes to the proposal should apply to Form ADV.