Large Position Reporting (LPR)
Announcement for large position reports
Date of announcement: July 12, 2022
Who must report: Entities whose positions in the 1-1/2% Treasury Note of February 2024 equaled or exceeded $5.2 billion as of Thursday, March 24, 2022 or Friday, April 1, 2022
Deadline for reporting: July 18, 2022, 5 PM Eastern U.S. time
A brief explanation of LPR
Treasury's large position reporting rules (17 CFR Part 420) provide an on-demand reporting system that requires entities controlling a position in a particular Treasury security (or securities) equaling or exceeding a specified threshold to submit a large position report.
This lets Treasury observe monitor the impact of concentrations of positions in the Treasury securities market.
Treasury does not believe that large positions are inherently problematic, and there is no presumption of manipulative or illegal intent merely because an entity's position is large enough to subject it to Treasury's large position reporting regulations.
LPR rules and amendments
Large position reporting rules
Technical amendment for filing reports (November 2018)
On October 18, 2018, we published a final rule amending Treasury’s large position reporting rules to provide us with additional flexibility as to where and how large position reports are to be filed (83 FR 52767). The rule became effective on November 17, 2018.
On December 10, 2014, we published a final rule amending Treasury’s large position reporting rules to improve the information reported so that we can better understand supply and demand dynamics in certain Treasury securities (79 FR 73408). The rule became effective on March 10, 2015.
On June 10, 2014, Treasury issued a proposed rule to solicit public comment on proposed amendments to Treasury's rules for reporting large positions in certain Treasury securities (79 FR 33145). The comment period closed on August 9, 2014. View comment letters.
Note: The final rule amendments issued on December 10, 2014 supersede earlier rules for large position reporting.
Currently Viewing: Large Position Reporting (LPR)
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