On February 7, 2025, the SEC issued an order granting a 12-month exemption from compliance with its short sale disclosure requirements. SEC Rule 13f-2, which was adopted in October 2023, requires institutional investment managers that exceed certain reporting thresholds to confidentially disclose their short positions and net monthly activity within 14 days of the end of every month on new Form SHO. Compliance with these requirements commenced January 2, 2025, and the first Form SHO filings would have been due February 14, 2025. As a result of the SEC’s order, compliance will be required commencing January 2, 2026, and the first Form SHO filings will be due February 17, 2026. For more information on Rule 13f-2 and Form SHO, see our earlier client alert here.
* * *
