SEC Issues Interim Final Temporary Rule Extending Short Sale Reporting
As reported in previous Davis Polk communications, the SEC’s emergency orders requiring large institutional investment managers to report short sales in Section 13(f) securities on Form SH (collectively, the “Emergency Order”) expired at 11:59 p.m. on Friday, October 17. In anticipation of the Emergency Order’s expiration, on Wednesday, October 15 the SEC adopted new Rule 10a-3T under the Securities Exchange Act (the “Interim Rule”), which became effective on October 18 and will extend until August 1, 2009. The SEC is soliciting comments on the Interim Rule.
This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.
Copy link to share post