SEC Adopts Rule To Increase Transparency Into Short Selling and Amendment To CAT NMS Plan For Purposes Of Short Sale Data Collection
Portfolio Pulse from Benzinga Newsdesk
The Securities and Exchange Commission (SEC) has adopted Rule 13f-2 to increase transparency into short selling and an amendment to the CAT NMS Plan for short sale data collection. The rule will require institutional investment managers to report short position data and short activity data for equity securities. The data will be aggregated by security and publicly disseminated via EDGAR. The amendment to the CAT NMS Plan will require each CAT reporting firm that is reporting short sales to indicate when it is asserting use of the bona fide market making exception in Rule 203(b)(2)(iii) of Regulation SHO.
October 13, 2023 | 4:38 pm
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The new SEC rule and amendment could impact SPY as it may lead to increased transparency and potentially affect short selling activity.
The new SEC rule and amendment are designed to increase transparency into short selling, which could potentially affect short selling activity in the market. As SPY is a widely traded ETF, it could be impacted by these changes. However, the exact impact is uncertain and will depend on how the market reacts to the increased transparency.
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