AIMA reaction to SEC delay of short sale rule

Published: 07 February 2025

Today, the SEC extended the deadline to February 17, 2026 for when institutional investment managers, like many of AIMA’s members, must file their first Form SHOs pursuant to Rule 13f-2 (the “Short Sale Rule”). Prior to the extension, first Form SHO filings were due February 14, 2025. The extension follows AIMA’s letter requesting additional time to begin complying with the Short Sale Rule.

AIMA CEO Jack Inglis said: “We greatly appreciate the SEC’s decision to grant our request and extend the deadline by which our members must begin complying with the Short Sale Rule. This extension is an appropriate step to allow the ongoing litigation challenging the rule, to which AIMA is a party, to play out. It also permits the SEC and its staff to contemplate if, and to what extent, it may issue guidance or otherwise provide another remedy to address ambiguities and inconsistencies in the rule.”