Rule 13h-1 Archives - MasterCompliance

For Part 1, please see Large Trader-Rule 13h-1 (Part 1). Part 2 A large trader is required to file a Form 13H Initial Filing promptly after effecting aggregate transactions equal to or greater than the Identifying Activity Level threshold. After initial filing, Rule 13h-1(b)(1)(ii) specifies that an annual filing must be made within 45 days after the end of each full calendar year. The SEC will provide large traders with a large trader identification number (“LTID”). The LTID must be provided to each broker-dealer effecting transactions on behalf of the large trader. Each account that a large trader exercises investment discretion Read more about Large Trader – Rule 13h-1 (Part 2)[…]

Rule 13h-1 helps the SEC identify and obtain trading information on market participants that conduct a substantial amount of trading activity in the U.S. securities market. The rule imposes filing requirements on persons that meet the definition of “large trader.” A larger trader is any person that directly or indirectly, including through other persons controlled by such person, exercises investment discretion over transactions in NMS securities that equal or exceed:

2 million shares or $20 million during any calendar day; or
20 million shares or $200 million during any calendar month.

Tag: Rule 13h-1

Large Trader – Rule 13h-1 (Part 2)

Large Trader – Rule 13h-1 (Part 1)