📈SEC Seeks Comments on Form 13F Compliance Requirements
Submission for OMB Review; Comment Request; Extension: Form 13F
Summary
The Securities and Exchange Commission is soliciting comments regarding the continuation of Form 13F, which requires institutional investment managers to file quarterly reports for U.S. exchange-traded equity securities. The notice outlines regulatory obligations tied to reporting, the methodologies for estimating compliance costs, and the implications of recent amendments affecting data submission practices.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The text discusses Form 13F compliance requirements for institutional investment managers, impacting reporting practices and associated costs, which directly affect business operations and financial reporting. The ongoing need for external legal services and the electronic filing requirement may increase operational expenses and compliance burdens.