n-Tier’s Compliance Workbench Facilitates SEC’s Latest Short Position Reporting Rules

n-Tier is engaging the evolving SEC Rule 13f-2 requirements and implications, ensuring industry compliance through their growing solution suite. Last October marked the approval of Rule 13f-2, the SEC’s latest effort to enhance transparency into the short selling of equity securities. As part of their new disclosure mandates, investment managers that meet or exceed certain reporting thresholds will be required to submit specified short position data and monthly activity via Form SHO.  The SEC’s definition of investment manager includes “buy side” investment management firms, as well as broker dealers that have proprietary and discretionary account positions.  The SEC will then publicly disseminate the aggregated data to investors and other market participants, maintaining confidentiality for the firms that must comply. With a January 2025 effective date on the horizon, n-Tier is actively working to enhance their approach to regulatory reporting in line with these considerations.