Final Rule

Filing and Reporting Requirements Relating to Institutional lnvestment Managers


The Commission announces the adoption of a rule and form governing the reporting requirements of institutional investment managers exercising investment discretion over accounts having in the aggregate more than $100,000,000 in exchange-traded or NASDAQ-quoted equity securities. Under the rule, as adopted, such managers are required to file a report within 45 days after the end of each calendar year, identifying those securities, the aggregate amounts thereof held, the nature of such investment discretion and any voting authority. The rule and form will implement the institutional lnvestment disclosure program as mandated by Congress and establish the Commlssion as the central repository for data concerning the influence and impact of institutional investment managers on the securities markets. The Commlsslon Is also soiiclting comments concerning the usefulness and burdens associated with quarterly reporting.

Last Reviewed or Updated: July 28, 2023