On July 10, 2020, the SEC published a proposing release (the “Release”) that, if adopted, would update the reporting threshold for Form 13F reports by institutional investment managers for the first time in 45 years and modify the applicable standard for making a successful request for confidential treatment of information in such a report.
An article published by Policy and Regulatory Report on Aug. 17 discusses how the proposals face an uncertain path to adoption, and includes insights from asset management partner Joel Wattenbarger.
Some smaller fund managers stand to benefit from the prospect of increased anonymity and decreased compliance burden, while other asset managers derived “real informational value” from current disclosures, as transparency into the shareholder bases of companies particularly in the small-and-midcap range can serve as an avenue for risk management, Joel said in the article.
The piece, titled “SEC’s proposed 13F changes face uncertain future amid election season pushback, former officials, industry sources say” was also published in Dealreporter and Activistmonitor.
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