As a result of SEC rule changes, a revised version of Form PF will become effective on March 12, 2025. In advance of this, FINRA is publishing an early draft version of the revised Form PF Section 1-4 schema for filers who upload Form PF as an XML file. Additional schema updates are currently in process to add allowed values and other items missing from this initial draft. See the list of milestones below for additional information.
Draft March 2025 Form PF Schema
Key Milestones for March 2025 Release
| No. | Steps | Date |
|---|---|---|
| 1 | Early draft of XML schema becomes available | September 27 |
| 2 | Publish updates to draft XML schema | Late October |
| 3 | Test environment becomes available for limited XML testing (submission and response testing without all validations) | Late November |
| 4 | Final schema updates and remaining validations added to test environment | Late January |
| 5 | Production XML schema deployment (all uploads must use the new schema) | March 12 |
Please contact [email protected] with any technical questions about XML schemas or testing. For policy questions or interpretive guidance, please contact [email protected].