HSR Act Filing Obligations Compliance Tracking

Summary

This checklist summarizes key aspects of the Hart-Scott-Rodino (HSR) Act rules that you should consider incorporating into a robust compliance program and also sets forth sample tracking charts that you could consider using to track a company's filing obligations. Compliance with the Hart-Scott-Rodino (HSR) Act notification requirements is important given the significant penalties that can accrue daily against a company or natural person for failing to file. If your clients frequently engage in acquisitions, you may have a particular need to track their transactions and filings to ensure compliance with the HSR Act. If you represent institutional investors that regularly trade in voting securities, centralized tracking can help numerous traders stay apprised of potential filing issues and is often used as a best practice to ensure compliance.