SEC Shortens Deadline For Disclosure Of Acquisition Of 5% Stakes By Institutional Investors To 45 Days From End Of Quarter, Not From Year End; Disclosure Of 5% Stakes By Investors Seeking Control Of Companies To 5 Business Days, Not 10 Calendar Days
Portfolio Pulse from Benzinga Newsdesk
The Securities and Exchange Commission (SEC) has shortened the deadline for institutional investors to disclose acquisition of 5% stakes to 45 days from the end of the quarter, instead of from the year end. Additionally, the disclosure of 5% stakes by investors seeking control of companies has been reduced to 5 business days, from 10 calendar days.
October 10, 2023 | 5:38 pm
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NEUTRAL IMPACT
The new SEC rules may increase transparency and speed up the process of stake acquisitions, potentially affecting the holdings and performance of SPY.
The new SEC rules will increase transparency and speed up the process of stake acquisitions. This could lead to more rapid changes in the holdings of SPY, potentially affecting its performance. However, the exact impact will depend on the specific actions of institutional investors and those seeking control of companies.
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IMPORTANCE 60
RELEVANCE 50