Through these disclosures, investors will be able to better assess issuer buyback programs. "Today's amendments will increase the transparency and integrity of this significant means by which issuers transact in their own securities. "In 2021, buybacks amounted to nearly $950 billion and reportedly reached more than $1.25 trillion in 2022," Gensler said in a news release. Changes to Share Repurchase Disclosure Modernization will require disclosure - at least semi-annually - by public company issuers of the number of shares repurchased and the average price paid on each given day, as well as information about the objectives of the clawbacks and whether certain company officers or directors traded the securities around the same time. The amendments will also require large private-equity fund advisers to report additional information on their strategies and borrowings as a part of their annual filing, as well as information on general partner and limited partner clawbacks on an annual basis.Ĭlawbacks are the focus of the other amendments adopted Wednesday by the SEC. Reporting events for private-equity fund advisers include the removal of a general partner, certain fund termination events, and the occurrence of an adviser-led secondary transaction. Reporting events for large hedge fund advisers include certain extraordinary investment losses, significant margin and default events, terminations or material restrictions of prime broker relationships, operations events, and events associated with withdrawals and redemptions. Today's amendments to Form PF will enhance visibility into private funds and help protect investors and promote financial stability." "This makes visibility into these funds ever more important. They also nearly have tripled in size in the last decade," SEC Chair Gary Gensler said in a news release. "Private funds today are ever more interconnected with our broader capital markets. Large hedge fund advisers will be required to report within 72 hours of the event, while private-equity fund advisers must report on a quarterly basis within 60 days of the fiscal quarter end. The Form PF amendments spell out differing lists of triggering events that would compel large hedge fund advisers and private-equity fund advisers to rapidly report to the SEC. On the public side, amendments adopted Wednesday related to the modernization of disclosure requirements for the repurchase of an issuer's equity securities - more commonly known as "clawbacks" - will require issuers to disclose daily quantitative information. Among other things, advisers now must report, before regular reporting periods, certain events of "significant stress" that could pose systemic risk. Large hedge fund advisers and private-equity fund advisers will be affected by the first amendments to Form PF reporting since its initial adoption in 2011. Disable all options on this screen to see one more appear: Show App.The SEC adopted amendments to two rules Wednesday, changes designed to increase transparency in reporting required of large hedge fund advisers, private-equity fund advisers, and public company issuers. Head to Settings > Siri & Search and find the app you want to “hide” from the long list of installed apps on your device. This could give away much more information than a simple Siri suggestion. Many apps allow iOS and iPadOS to index searchable databases so you can find documents or notes quickly in native searches. RELATED: How to Find an App on Your iPhone or iPad Fast When you hit the “Share” button in one app, you often see a list of recommended destinations that Siri has learned based on usage, for example. Apple’s assistant will also learn from the app and make suggestions across other apps. If you use an app a lot, Siri will frequently recommend it. Or, it might surface when you search for other apps. If you use search to find apps regularly (and you should-just pull down on your home screen to reveal the search box), the app you want to hide might be suggested from time to time. Siri Suggestions appear on the Today screen and next to the Spotlight search field on your iPhone or iPad. Exclude the App from Search and Siri Suggestions
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