Form SHO: a call for flexibility, not reversal

Recent developments from the U.S. Court of Appeals for the Fifth Circuit have provided some clarity on the path forward for the SEC’s short-sale transparency rule, often known as Rule 13f-2 or Form SHO. The court's decision sent the rule back to the SEC for additional economic analysis but, crucially, did not vacate it. This means the rule remains in effect, and the clock is still ticking.

Rule 13f-2 and Form SHO Reporting Obligations for 2025

Rule 13f-2 and Form SHO: In this blog, we break down the key points to be aware of for Form SHO reporting