For years, shareholding disclosure has been a linear exercise: calculate capital ownership, check against a static threshold, and report at set intervals. But a structural turning point is coming.

Japan is about to implement one of its most consequential updates to the shareholding disclosure regime in decades. Taking effect 1st May 2026, the reform significantly expands what must be disclosed, how thresholds are calculated, and which investment structures fall into scope.

Recent developments from the U.S. Court of Appeals for the Fifth Circuit have provided some clarity on the path forward for the SEC’s short-sale transparency rule, often known as Rule 13f-2 or Form SHO. The court's decision sent the rule back to the SEC for additional economic analysis but, crucially, did not vacate it. This means the rule remains in effect, and the clock is still ticking.

The SEC’s new Form N-PX rules revealed unexpected operational, technical, and governance challenges for investment managers in 2024. In this blog, Paul Chung outlines key lessons and urges firms to prioritise data quality, XML automation, and strategic oversight ahead of the August deadline.

In late April, the European Securities and Markets Authority (ESMA) released its 2024 Report on the Quality and Use of Data, a revealing document that highlights a fundamental shift in how regulatory data is being viewed, used, and enforced across European financial markets.

As regulatory expectations continue to evolve, the SEC’s Form PF amendments are pushing fund managers toward more granular reporting. As part of our Emerging Regulations Watch series, we explore how leveraging Form PF data can enhance your firm’s risk framework.

It has been a full year since the EMIR Refit went live in the EU, and 7 months in the UK. What’s next for the firms navigating both regulatory landscapes?

  What are Rule 6500 Series and SLATE? In the Notice and Partial Amendment No.1, FINRA stated that it proposed to adopt the new rule to establish reporting requirements for covered securities loans. SLATE will also provide for the dissemination of individual and aggregate covered...

Regulatory change management is key for sell-side and buy-side firms to ensure compliance with emerging regulations in 2025.

DP24/2: What’s on the Table? The FCA has outlined several objectives and proposed changes that could reshape how transaction reporting is handled in the UK. Streamlining Data Submission and Improving Quality To reduce redundancies, the FCA proposes removing fields such as certain instrument reference data...

Rule 13f-2 and Form SHO: In this blog, we break down the key points to be aware of for Form SHO reporting

As part of our Emerging Regulations Watch series, this blog outlines the key updates for RTS 22, their implications, and the next steps for stakeholders.

Get ready for DORA compliance with key insights from the Central Bank of Ireland’s latest briefing. Learn about gap analysis, ICT provider contracts, and essential steps to meet regulatory requirements ahead of the January 2025 deadline.

In this blog, we take closer a look at the SEC's Form PF amendments and analyze the key changes impacting fund managers.

The Securities and Exchange Commission (SEC) has taken a significant step towards bolstering proxy voting transparency by adopting rule and form amendments to Form N-PX. These changes aim to standardize mutual fund proxy voting disclosures, providing investors with a clearer and more accessible view of voting records.

The Corporate Sustainability Reporting Directive (CSRD), brings about crucial changes to the reporting frameworks businesses must comply with. As part of our Emerging Regulations Watch series, we explore the specifics of the CSRD’s phased implementation and how it impacts sustainability reporting requirements for companies across Europe.

The SEC has recently adopted Rule 13f-2, a measure aimed at improving transparency in the equity markets by focusing on short-selling activities. The rule, set to take effect in early 2025, requires investment managers to report detailed data on their short positions and activities each month through the newly introduced Form SHO. In this blog, we delve into what Rule 13f-2 entails and its implications for investment managers and technology.

The SEC's recent amendments to Form PF Section 4 bring significant changes to the annual reporting requirements for large private equity fund advisers. Our latest blog explores these updates, detailing their implications for transparency and systemic risk monitoring within the private equity industry.

The derivative transaction reporting regime in Australia is changing under the Australian Securities & Investments Commission (ASIC)’s Third Consultation 375. The updated reporting rules are scheduled to commence on 21 October 2024. As part of our Emerging Regulations Watch series, we delve into the details of the upcoming Australian Transaction Reporting regime changes and analyze how they affect filings.

In the wake of amendments to Form PF introduced by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), and set to take effect on March 12, 2025, private funds—especially hedge funds—are at the threshold of adapting to a revamped regulatory environment.