; and (B) includes a jurisdiction that the Commission, in consultation with the Secretary of State and the Secretary of the Treasury, determines to be subject to the political and legal control of a covered nation, as defined in section 4872(d) of title 10, United States Code. (3) Covered entity The term covered entity means an entity or person that is required to file Form PF. (4) Exempt reporting adviser The term exempt reporting adviser means an investment adviser described in section 275.204–4(a) of title 17, Code of Federal Regulations, or any successor regulation. (5) Form adv The term Form ADV means the form described in section 279.1 of title 17, Code of Federal Regulations, or any successor regulation. (6) Form pf The term Form PF means the form described in section 279.9 of title 17, Code of Federal Regulations, or any successor regulation. (7) Private fund The term private fund has the meaning given the term in section 202(a) of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–2(a) ). (8) Private fund assets The term private fund assets has the meaning given the term in section 275.204(b)–1 of title 17, Code of Federal Regulations, or any successor regulation. (c) Enhanced disclosure requirements for advisers of private funds (1) Requirements (A) In general Not later than 1 year after the date of enactment of this Act, the Commission shall amend Form PF and Form ADV, and the rules of the Commission governing the submission of Form PF and Form ADV, to, subject to subparagraph (B), require each covered entity and each exempt reporting adviser to annually disclose when submitting Form PF or Form ADV, respectively, the total private fund assets in countries of concern attributable to the private funds advised by the covered entity or exempt reporting adviser, as applicable, which shall be broken down by the percentage of those assets in each country of concern. (B) Application For the purposes of subparagraph (A), the Commission shall determine whether a private fund asset is in a country of concern