Sentry Page Protection
Patomak Global Partners

SEC Rulemakings list

   

Final Rule: Beneficial Ownership Reporting Requirements and Security-Based Swaps

Final Rule: Beneficial Ownership Reporting Requirements and Security-Based Swaps

RIN: 3235-AK98

Agency/Agencies: SEC

Federal Register Publication Date: 06/14/2011

Summary: The SEC readopted without change the relevant portions of Rules 13d-3 and 16a-1. Readoption of these provisions preserved the application of the SEC’s existing beneficial ownership rules to persons who purchase or sell security-based swaps after the effective date of new Section 13(o) of the Securities Exchange Act of 1934. Section 13(o) provides that a person shall be deemed a beneficial owner of an equity security based on the purchase or sale of a security-based swap only to the extent the SEC adopts rules after making certain determinations with respect to the purchase or sale of security-based swaps. After making the necessary determinations, the SEC readopted the relevant portions of Rules 13d-3 and 16a-1 to confirm that persons who purchase or sell security-based swaps will remain within the scope of these rules to the same extent as they are now.

Ianthe Zabel
Member Login
Welcome, (First Name)!

Forgot? Show
Log In
Enter Member Area
My Profile Log Out