July 14, 2020
SEC Proposes Changes to Form 13F
On July 10, 2020, the United States Securities and Exchange Commission proposed amendments to Form 13F reporting. The changes would affect the filing threshold for institutional advisers and several other requirements. Because the filing requirements have not been updated since adoption of the original rule in the 1970s, the changes aim to reduce unnecessary compliance burdens on smaller firms.
Below are key takeaways from the proposed amendments:
WHAT DOES THIS MEAN FOR ME?
The proposed amendments have entered a 60 day public comment period and the SEC welcomes input on the provisions. If your firm manages $100 million or more in certain reportable equity securities, quarterly 13F filings will continue to be required until further notice.
Fairview will keep you updated on the status of the proposed amendments. In the meantime, if your firm needs assistance filing Form 13F or completing other SEC compliance requirements, contact us to learn more about our services.