SEC extends Rule 13f-2 short-position reporting, seeks comments

The Securities and Exchange Commission announced that it will submit the existing Rule 13f-2 short-position and short-activity reporting collection to the Office of Management and Budget for extension and approval. The notice, filed as FR Doc 2026-20054 and identified by OMB Control No. 3235-0804, invites public comment within 30 days of publication, with the deadline set for November 2, 2026.

Rule 13f-2 requires certain institutional investment managers to file Form SHO on a monthly basis, reporting short-position data and short-activity data for equity securities. Under Section 13(f)(6)(A) of the Exchange Act, an "institutional investment manager" includes any non-natural-person investing for its own account or exercising investment discretion for another, such as investment advisers, banks, insurance companies, broker-dealers, pension funds and corporations.

The Commission estimates roughly 1,000 respondents per year, each making 12 annual responses. Each response is projected to require 20 hours of compliance work and 2 hours to file, generating an annual burden of approximately 269,808 hours. Additionally, the Commission anticipates 22 amended responses each month, contributing further hours to the total burden.

The collection, titled "Short Position and Short Activity Reporting by Institutional Investment Managers," is intended to increase market transparency, supplement publicly available short-sale information from FINRA and exchanges, and enhance the SEC's oversight of short selling.

Comments may be submitted online at https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202607-3235-015 or by email to the address provided in the notice. The notice was dated September 28, 2026 and signed by Sherry R. Haywood, Assistant Secretary.