July 15, 2020
Sir / Madam
comments on S7-08-20
"Reporting Threshold for Institutional Investment Managers - File No: S7-08-20
I think this will be disaster for the individual investors - as a lot of us perform our due diligence using your information and the institutional holding is one of the key feature that is noted.
Also $100M is not a small investor and we insist that the threshold limit is not atall changed from the current reporting limit of $100M - this is an issue of transparency - It is our opinion that this is not so much about administration burden or costs. It is more about accountability and transparency. We believe there should be more transparency - not less. 13F filings are a valuable resource that provides clarity and accountability from institutional investors.
Hope the small investors will be kept in mind during decision making. -
sincerely,
Nitin Thakkar