• US Securities and Exchange Commission Adopts Large-Trader Reporting System
  • August 11, 2011 | Authors: Scott A. Anenberg; Marc R. Cohen; Adam D. Kanter; Jerome J. Roche; David R. Sahr
  • Law Firms: Mayer Brown LLP - Washington Office ; Mayer Brown LLP - London Office ; Mayer Brown LLP - Washington Office ; Mayer Brown LLP - New York Office
  • On July 26, 2011, the US Securities and Exchange Commission (SEC) voted unanimously to adopt Form 13H and Rule 13h-1 under the Securities Exchange Act of 1934 (Exchange Act). The formal adopting release was issued on July 27.1 Although Rule 13h-1 is technically effective on October 3, 2011, the Adopting Release provides two staggered compliance dates for the rule’s key provisions.