"SEC Implements Rule for Enhanced Short Selling Transparency and CAT NMS Plan Amendment"

The Securities and Exchange Commission (SEC) has adopted new Rule 13f-2 to increase transparency in short selling by making short sale data publicly available. The rule requires institutional investment managers to report specified short position data and short activity data for equity securities. The SEC will aggregate and publicly disseminate the data on a delayed basis. Additionally, the SEC has amended the National Market System Plan (NMS Plan) to require CAT reporting firms to indicate the use of the bona fide market making exception in short sales. These measures aim to enhance transparency and provide regulators and the public with more information about short sale activity in the equity markets.