Modernizing Beneficial Ownership Reporting

The Industry Waits for Final Action from the SEC

In early 2022, the Securities and Exchange Commission (SEC) proposed several significant changes to Regulations 13D and 13G, which require certain persons to disclose their beneficial ownership of equity securities. These changes seek to improve the transparency and timeliness of beneficial ownership reporting and to make it easier for investors to access and understand this information. The Commission has not yet finalized the proposal, but the SEC's stated date for final action, April 2023, has passed, and the industry is watching the SEC's agenda closely, with final action overdue. 
 

Monday, July 31, 2023/Author: David Schwartz J.D. CPA/Number of views (1181)/Comments (0)/
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