Notice2026-20054
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 13f-2-Short Position and Short Activity Reporting by Institutional Investment Managers
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 30, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 188 (Wednesday, September 30, 2026)</title>
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[Federal Register Volume 91, Number 188 (Wednesday, September 30, 2026)]
[Notices]
[Pages 61896-61897]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-20054]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0804]
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Extension: Rule 13f-2--Short Position and
Short Activity Reporting by Institutional Investment Managers
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (SEC or ``Commission'') is soliciting comments on the
existing collection of information provided for in Rule 13f-2 and
related Form SHO (17 CFR 240.13f-2 and 17 CFR 249.332). The Commission
plans to submit this existing collection of information to the Office
of Management and Budget (``OMB'') for extension and approval.
Rule 13f-2 is designed to fulfill the requirements of Exchange Act
Section 13(f)(2) and provide greater transparency through the
publication of certain short sale related data to investors and other
market participants by requiring certain Institutional Investment
Managers (``Managers'') to report to the Commission, on a monthly basis
on Form SHO, certain short position data and short activity data for
certain equity securities. More information about the short sale
activity and gross short positions of reporting Managers \1\ may
promote greater risk management among market participants, and may
facilitate capital formation to the extent that greater transparency
bolsters confidence in the markets.
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\1\ As defined in Section 13(f)(6)(A) of the Exchange Act and
for purposes of Rule 13f-2, ``institutional investment manager''
includes any person, other than a natural person, investing in or
buying and selling securities for its own account, and any person
exercising investment discretion with respect to the account of any
other person. As such, the term ``institutional investment manager''
typically can include investment advisers, banks, insurance
companies, broker-dealers, pension funds and corporations.
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[[Page 61897]]
Rule 13f-2 and Form SHO increase transparency regarding short
position and short activity data to both market participants and
regulators. Certain provisions of Rule 13f-2 and related Form SHO
impose ``collection of information'' requirements within the meaning of
the Paperwork Reduction Act of 1995 (``PRA''). Form SHO and the
aggregated data published pursuant to Rule 13f-2 increase transparency
and provide several important benefits to market participants and
regulators. Such aggregated information helps inform market
participants regarding the overall short sale activity by reporting
Managers. The Commission's regular access to Form SHO data bolsters the
Commission's oversight of short selling, as Rule 13f-2 and Form SHO
improve the utility of information available to the Commission and
other regulators. The short sale related information collected under
Rule 13f-2 and Form SHO fill an information gap for market participants
and regulators because the short position data reported pursuant to
Rule 13f-2 on Form SHO supplements the short sale information that is
currently publicly available from FINRA and the exchanges. The title
for the information collections is ``Short Position and Short Activity
Reporting by Institutional Investment Managers.''
There are approximately 1,000 respondents per year that require an
aggregate total of approximately 269,808 hours to comply with Rule 13f-
2 and related Form SHO. Each respondent makes an estimated 12 annual
responses. Each response will take an estimated 20 hours to comply and
2 hours to file. Additionally, each month, the Commission estimates an
additional 22 amended response. Thus, the total hour burden per year is
approximately 269,808 hours.\2\
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\2\ Total annual burden 269,808 hours = 240,000 hours complying
(1,000 respondents x 12 responses x 20 hours per response) plus
24,000 hours filing (1,000 respondents x 12 responses x 2 hours per
response) plus 5,280 hours amending reports (22 respondents x 12
responses x 20 hours per response) plus 528 hours for amended
filings (22 respondents x 12 responses x 2 hours per response).
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An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid OMB Control Number.
The public may view and comment on this information collection
request at: <a href="https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202607-3235-015">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202607-3235-015</a> or email comment to
<a href="/cdn-cgi/l/email-protection#317c73691f7e7c731f7e7863701f6274726e5554425a6e5e575758525443715e5c531f545e411f565e47"><span class="__cf_email__" data-cfemail="226f607a0c6d6f600c6d6b70630c7167617d464751497d4d44444b414750624d4f400c474d520c454d54">[email protected]</span></a> within 30 days of the day
after publication of this notice, by November 2, 2026.
Dated: September 28, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-20054 Filed 9-29-26; 8:45 am]
BILLING CODE 8011-01-P
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