SEC Issues Final Rule on Beneficial Ownership Reporting

The SEC has released a final rule that amends the rules on beneficial ownership reporting under the Securities Exchange Act of 1934. Specifically, the amendments “update Regulation 13D-G to require market participants to provide more timely information on their positions to meet the needs of investors in today’s financial markets.” The final rule will become effective 90 days after the date of its publication in the Federal Register.

For more information, see the press release and fact sheet — as well as the statements by SEC Chair Gary Gensler and Commissioners Mark Uyeda and Hester Peirce — on the SEC’s Web site.