On 8 December, 2025, SEC published temporary order exempting compliance with short selling reporting under Rule 13f-2 and Form SHO, Rule 10c-1a, in the federal register.
Background:
On 3 December, SEC extended temporary short selling report exemption.
- SEC issued temporary order exempting compliance with short selling reporting under Rule 13f-2 (17 CFR 240.13f-2) and Form SHO from 2 January 2026 until 2 January 2028.
- Also published Commissioner statement on the extension of the compliance dates.
Temporary Exemption
- Rule 13f-2 requires institutional investment managers with specified thresholds must file Form SHO within 14 calendar days after the end of each calendar month.
- With regard to certain equity securities via the Commission’s Electronic Data Gathering
- Temporary exemptions necessary in public interest and consistent with the protection of investors because they will allow SEC time to respond to the Court’s opinion.
- Will allow these actions to occur in a manner that could minimize potential costs entities may incur to comply with any provisions of the Rules that could change.
Commissioner Statement
- Expressed concern about repeal by extension concept of using compliance date extensions that are long in duration to indefinitely delay compliance dates of final rules
Effectiveness
- Rule 13f-2 and Form SHO exemptions effective 2 January 2026, and ending2 January 2028.
- January 2028 Form SHO reports need filed within 14 calendar days after end of January 2028.
