February 20, 2022
I disagree with the NPRM being reduced to 5 days. In conjunction with the NPRM to reduce settlement cycles to T+1, 2 calendar days would be more appropriate. If an entity is willing to invest more than 5% of their net worth into a security then they should already be cognizant of the reporting requirements. This can significantly the equity if this information is delayed. The delay of this information only benefits the investor. Providing a quicker transparency provides investors a real-time outlook on the security. Again, with the NPRM for a reduction in settlement time, this only seems logical.