On 10 October 2023, the SEC issued confirmation that it is adopting amendments to the rules governing major shareholding reporting that had been proposed.

The key changes from these amendments are: (a) reduction in the deadlines for disclosures of 13D and 13G Reports; (b) disclosure of cash settled securities; (c) clarification on the criteria for group disclosures; and (d) using structured, machine-readable data language for filings.

Effective Date: These amendments will come into effect 90 days after publication in the Federal Register