New Rule 13f-2 Proposed by SEC
SEC proposed new Rule 13f-2 and amendments to Regulation SHO and CAT to increase market transparency regarding short selling, in the aftermath of the GameStop fiasco last year. Under the proposed changes, certain institutional investment managers would be required to collect and submit certain short sale-related data to the SEC on a monthly basis. SEC then would make aggregate data about large short positions, including daily short sale activity data, available to the public for each individual security. More specifically, institutional money managers would be required to file confidential Proposed Form SHO with the Commission via EDGAR, within 14 calendar days after the end of each calendar month, with regard to each equity security and all accounts over which the manager meets or exceeds certain thresholds.