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The U.S. Securities and Exchange Commission (SEC) is expected to withdraw a proposal to raise the 13F reporting threshold, according to a new Goldman Sachs report, amid near unanimous opposition from investors and companies, according to media reports.

The proposed rule would allow money managers with less than $3.5 billion in assets to avoid quarterly disclosures of their equities positions, which would reduce costs for smaller institutions, the SEC has suggested.

Analysts at Goldman Sachs said that of the more than 2,000 letters submitted to the SEC during its comment period, 99% opposed the new rule, according to the Financial Times. As such, Goldman expects the SEC to withdraw proposal after reviewing the comments.

Currently, investors with $100 million or more in assets must report their holdings in 13F filings. Raising the disclosure threshold could allow activist investors to build up larger stakes in companies undetected.

The rule change has been denounced widely and publicly by entities ranging from banks like Goldman (which runs an index based on the filings) to stock exchanges like the New York Stock Exchange and Nasdaq.