The U.S. Securities and Exchange Commission issued a temporary exemption from compliance with Exchange Act Rule 13f-2 and the related Form SHO reporting requirement for institutional investment managers that meet or exceed specified thresholds. The exemption delays the initial Form SHO filings, with the first reports now due by 17 February 2026 for the January 2026 reporting period, instead of the original 14 February 2025 deadline. Rule 13f-2 requires covered institutional investment managers to file Form SHO within 14 calendar days after the end of each calendar month for certain equity securities through EDGAR, and the SEC will publish certain information on an aggregated basis for each reported equity security. The SEC cited the need for additional time to implement technical updates based on standards released on 16 December 2024, to resolve outstanding operational and compliance questions with Commission staff, and to complete system builds and testing, while noting that abusive naked short selling as part of a manipulative scheme remains unlawful.
U.S. Securities & Exchange Commission 2025-02-07
U.S. Securities and Exchange Commission grants temporary exemption delaying Rule 13f-2 Form SHO short sale reporting until February 2026
The U.S. SEC granted a temporary exemption from Exchange Act Rule 13f-2 and Form SHO reporting for institutional investment managers meeting specified thresholds, delaying initial filings to February 2026. The SEC cited the need for more time to implement technical updates, resolve operational questions, and complete system testing. Abusive naked short selling remains unlawful despite the exemption.