U.S. Securities and Exchange Commission seal in Washington, D.C. Photo: Diego M. Radzinschi/ALM SEC Amends 13D, But Loopholes Remain
On Oct. 10, 2023, the SEC adopted rule amendments to Schedule 13D/13G reporting of beneficial ownership. This article identifies what the authors feel are "certain information asymmetries" in the rules.
December 13, 2023 at 10:00 AM
10 minute read
On Oct. 10, 2023, the Securities and Exchange Commission (SEC) adopted long-awaited rule amendments to Schedule 13D/13G reporting of beneficial ownership. Among other things, the amended rules shorten filing deadlines, clarify disclosure requirements with respect to cash-settled derivatives, and require that Schedules 13D and 13G be filed in a structured, machine-readable data language.
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