Regulatory Alerts2023-05-04 | 2023-09454Added
Reopening of Comment Period for Modernization of Beneficial Ownership Reporting
The Securities and Exchange Commission is reopening the comment period for its proposal to modernize beneficial ownership reporting rules governing Schedules 13D and 13G. The proposal seeks to amend filing deadlines, deem holders of certain cash-settled derivatives as beneficial owners, and require machine-readable data submissions. This reopening specifically allows the public to review and comment on a staff memorandum containing supplemental economic analysis added to the comment file on April 28, 2023.
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