The SEC’s new Form PF rules may represent a new regulatory strategy but the good news is it won’t force compliance officer to take on radically new tactics. The private equity reporting requirements are straightforward but make sure that nothing you report to regulators conflicts with what you’re telling your firm’s advisory councils or investors, says Greg Larkin, Financial Services and Private Investment Funds partner. The adopting release spends a lot of time worrying about conflicts of interest in adviser-led secondaries and continuation funds. “Hopefully people are already focusing on them already,” Larkin says to RCW. “But be very careful making sure you’ve got full and fair disclosures of the conflicts and the valuations issues.”