Regulatory Alerts2023-11-07 | 2023-22678Added
Modernization of Beneficial Ownership Reporting
The Securities and Exchange Commission adopted amendments to Regulation 13D-G and Regulation S-T to modernize beneficial ownership reporting requirements. The rules shorten filing deadlines for initial and amended Schedules 13D and 13G, mandate structured machine-readable data submissions, and clarify disclosure obligations for derivative securities. Additionally, the Commission provided guidance on beneficial ownership standards for cash-settled derivatives and shareholder engagement activities while establishing a compliance date of February 5, 2024.
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