Bill to Shorten Window of 13F Filings

Bill to Shorten Window of 13F Filings

On July 29, the US House Financial Services Committee voted to advance a new bill that would shorten the 13F filing window and require short-seller disclosures to the floor of the House of Representatives. Bill HR 4618 – also known as the Short Sale Transparency and Market Fairness Act – would require asset managers responsible for more than $100M in assets under management to file ownership reports with the SEC no later than 10 days after the end of each month. Current rules require asset managers to file 13Fs with the SEC within 45 days after the end of each quarter. Read more here.