Spotlight Presentation on SEC Short Position and Short Activity Reporting Rule Proposal

On Tuesday April 5, 2022 at 3pm ET, Wayne Aaron and David Soden of the Vedder Price law firm will discuss the SEC’s recent rule proposal on “Short Position and Short Activity Reporting by Institutional Investment Managers”. Under the rule proposal, any firm buying or selling for its own account or exercising investment discretion with respect to the account of any other person and exceeding a specified reporting threshold would be required to report on a monthly basis specified short position and short activity data for equity securities. The rule proposal also proposes a new “buy to cover” order marking requirement, and proposes amendments to the CAT NMS Plan to require the reporting of “buy to cover” order marking information and reliance on the bona fide market making exception in the SEC’s short sale rules. FIF has invited the members of the FIF Short Sales/Reg SHO/Short Interest Reporting Working Group, the Compliance Working Group and the Front Office Committee to participate on this call. If you are not a member of any of these groups and would like to attend this presentation, please send a note to fifinfo@fif.com.