Alerts10.19.23
SEC Amends Section 13 Beneficial Ownership Reporting Rules, Issues Related Guidance
Highlights
The Securities and Exchange Commission (SEC) has adopted shorter filing deadlines for Schedules 13D and 13G
The new deadline rules will require a focused compliance effort by investment managers and others who report beneficial ownership under Section 13 of the Exchange Act
The SEC refrained from adopting proposed new rules concerning “group” formation and cash-settled equity derivatives, instead issuing guidance on those topics
On Oct. 10, 2023, the U.S. Securities and Exchange Commission (SEC) adopted significant amendments to the beneficial ownership reporting rules under Sections 13(d) and 13(g) of the Securities Exchange Act of 1934 (the Exchange Act).
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