Oct. 13 at 5:24 PM
$GORV On February 7, 2025, the U.S. Securities and Exchange Commission announced a one-year temporary exemption from compliance with Exchange Act Rule 13f-2 ("Rule 13f-2") and related Form SHO filing requirements (the "Exemptive Relief"). This exemption defers the first Rule 13f-2 reporting period to January 2026, with the initial Form SHO filings now due by February 17, 2026. Before this relief, the compliance deadline was January 2025, with Form SHO filings due by February 14, 2025.
Rule 13f-2, effective January 2, 2024, requires institutional investment managers exercising investment discretion over gross short positions in equity securities exceeding certain thresholds to submit a Form SHO filing within fourteen (14) calendar days of the end of each month. The rule is part of the SEC’s broader efforts to enhance transparency in short-selling activities, particularly concerning large short positions.