On October 10, 2023, the Securities and Exchange Commission (SEC) adopted various amendments to Regulation 13D-G and Regulation S-T to modernize the beneficial ownership reporting requirements (the proposed rules were previously reported on here and here). Among other things, the amended rules:

• Shorten the filing deadlines for initial and amended Schedules 13D and 13G.
• Clarify the Schedule 13D disclosure requirements with respect to derivative securities.
• Extend the "cut-off" time within a given business day by which Schedules 13D and 13G must be filed.
• Require Schedules 13D and 13G be filed using a structured, machine-readable data language.

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