Improving Equity Ownership Transparency.

Section 13(f) of the Exchange Act, a provision adopted in 1975 prevents public companies and the marketplace from having timely information about the holdings of large investment managers.

• NIRI advocates for: Congressional legislation authorizing the SEC to move from quarterly disclosures to monthly disclosures and shortening the reporting deadline from 45 days to a more reasonable requirement.
• Join in supporting the SEC rulemaking proposal to improve investor ownership transparency submitted by NIRI, the Society for Corporate Governance and the NYSE. This proposal would reduce the quarterly Section 13(f) disclosure period from 45 calendar days to five business days. NIRI requests public companies join in supporting this proposal and has made available a downloadable support letter template that can be tailored for each company. Submit comment letters via email to “rule-comments@sec.gov” and include “File No. 4-825” in the subject line.