When must 13H be filed?

The Form is filed annually by every large trader within 45 days after the end of each full cal- endar year. Amendments to the Form must be filed promptly following the end of a calendar quarter in the event that any of the information contained in a Form 13H filing becomes inaccu- rate for any reason.

What is a 13H filing with the SEC?

SEC Form 13H is used by large traders to register with the Securities and Exchange Commission (SEC) in accordance with the requirements set forth in Section 13(h) of the Securities Exchange Act of 1934.

Who has to file 13H?

Large Trader
Filing a Form: A trader who engages in a substantial level of trading activity is required to analyze whether they meet the definition of Large Trader and, if they qualify, identify them self to the SEC by filing a Form 13H with the Commission.

What is Rule 13H?

Rule 13h-1 defines a Large Trader as a person whose transactions in NMS securities equal or exceed 2 million shares or $20 million during any calendar day, or 20 million shares or $200 million during any calendar month. The Rule also applies to persons that exercise investment discretion over trading in NMS securities.

Do Canadians need to file a 13H?

Any person that is a large trader of NMS securities must periodically file a Form 13H with the SEC.

Who needs an LTID?

The Large Trader ID (LTID) is assigned by the SEC to individuals and entities that meet the thresholds of two million shares or $20 million on any trading day or 20 million shares or $200 million during any calendar month. It is the responsibility for the Large Trader to file a Form 13H with the SEC.

How do I file Form 13H?

Form 13H must be completed and submitted electronically through the EDGAR filer website.

What does Regulation NMS apply to?

Understanding Regulation NMS This rule requires trading centers to establish, maintain, and enforce written policies and procedures that are reasonably designed to prevent the execution of trades at prices that are inferior to protected quotations displayed by other trading centers.

What is the requirement of section 16 of the Act?

Section 16(a) of the Exchange Act requires that directors and officers of a company that has a class of securities registered under Section 12 of the Exchange Act (a “public company”), as well as persons who beneficially own more than 10% of any class of equity security (other than an exempted security) which is …

What is a Section 16 filings?

Section 16 imposes filing standards for “insiders,” and defines insiders as any officers, directors, or stockholders who possess stock that directly or indirectly results in beneficial ownership of more than 10% of the company’s common stock or other class of equity.

What is a Section 16 filer?

What is SEC 16 of Income Tax Act?

Section 16 of Income Tax Act, 1961 provides deduction from income chargeable to tax under the head ‘salaries’. It provides deductions for the standard deduction, entertainment allowance, and professional tax. Through this deduction, a salaried taxpayer can lower his/ her taxable salary income chargeable to tax.

Who should be Section 16 officers?

Section 16 Officer means a president, vice president, secretary, treasurer or principal financial officer, comptroller or principal accounting officer, and any person routinely performing corresponding functions with respect to the Company.

Who is a section 16 person?