NYSE recommends SEC reduce 13F reporting delay

[onyx1]

"For the above reasons, we petition the Commission to shorten the quarterly reporting deadline contained in Rule 13f-1. Under the Commission’s existing Section 13(f) authority, we believe that it would be appropriate for the Commission to propose shortening the reporting period to two business days after the end of the calendar quarter."

 

http://higherlogicdownload.s3.amazonaws.com/GOVERNANCEPROFESSIONALS/26582a95-d501-4284-afd8-8e18fa9426a2/UploadedImages/Comment%20Letters/SEC%20Comment%20Letter%20-%2013f%20Reporting%20%20of%202-1-13.pdf

 

NYSE provides some compelling logic for their recommendation to reduce the delay from 45 to 2 days.  I am not sure how I would feel if I were a GP, but based on nothing more than current self-interest, I would like to see this implemented.