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. In the latest schema, you will notice the change history documented, highlighting the list of changes since the last published version. See the list of milestones below for additional information.
Draft March 2025 Form PF Schema and Sample XML
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 | October 16 |
| 3 | Publish sample XML | October 29 |
| 4 |
Publish of new draft version of :
|
November 8 |
| 5 | Test environment becomes available for limited XML testing (Initial and Update filing types only) | November 25 |
| 6 | Publish updates to XML schema and related documentation | December 9 |
| 7 | Final XML schema updates and remaining functionality added to test environment | Late January |
| 8 | 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].