Gianna C.T. Quach, Publications, Scott C. Budlong, Selina Tay
SEC Extends and Modifies Short-Sale Disclosure Regime
October 17, 2008
On October 15, 2008, the Securities and Exchange Commission issued Release No. 34-58785, extending and adopting modifications to the Form SH short-sale reporting regime that had been in place on an emergency basis since mid-September. The attached memorandum describes the changes to Form SH and discusses what institutional investment managers should do now in order to comply with the SEC's ongoing short-sale reporting system.