Large Position Reporting (LPR)

Treasury's large position reporting rules (17 CFR Part 420) provide an on-demand reporting system requiring entities controlling a position in a particular Treasury security equaling or exceeding a specified threshold to submit a large position report.

This lets Treasury monitor the impact of concentrations of positions in the Treasury securities market. Treasury does not presume manipulative or illegal intent simply because a position is large enough to trigger the reporting requirement.

A final rule effective March 10, 2015 improved the information reported so Treasury can better understand supply and demand dynamics in certain securities. A technical amendment effective November 17, 2018 added flexibility on where and how large position reports may be filed.