← Independent regulator rules (SEC/Fed/FDIC/SBA/FTC/NCUA/CPSC/FHFA/EEOC/NLRB)

Beneficial Ownership Reporting Requirements and Security-Based Swaps

SEC · final-rule · Published 2011-06-14 · Effective 2011-07-16 · 76 FR 34579

Document

Document number
2011-14572
Federal Register citation
76 FR 34579
CFR reference
17 CFR 240
Type
Rule
Action
Final rule; confirmation.
Category
final-rule
Agency
US Securities and Exchange Commission
Publication date
2011-06-14
Effective date
2011-07-16
Docket
Release No. 34-64628

Abstract

We are readopting without change the relevant portions of Rules 13d-3 and 16a-1. Readoption of these provisions will preserve the application of our 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 we adopt rules after making certain determinations with respect to the purchase or sale of security-based swaps. After making the necessary determinations, we are readopting the relevant portions of Rules 13d-3 and 16a-1 to confirm that, following the July 16, 2011 statutory effective date of Section 13(o), persons who purchase or sell security-based swaps will remain within the scope of these rules to the same extent as they are now.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown