Overview
- An SEC order issued on December 3 grants a temporary exemption delaying Rule 13f-2 and Form SHO compliance to January 2, 2028.
- The first Form SHO submission is now due on February 14, 2028, covering the January 2028 reporting period.
- Rule 10c-1a compliance begins September 28, 2028 for reporting, with public data dissemination starting March 29, 2029.
- The SEC says the extension allows it to address the court’s directive on cumulative effects and leaves open the possibility of rule amendments.
- Commissioner Caroline Crenshaw dissented from the two-year delay, while managers, including hedge funds, gain more preparation time for the new regime.