On January 29th, the SEC released EDGAR Release 24.0.1. This was a minor release that introduced a flag to indicate the inclusion of the new structured filing fee exhibit in applicable filings. Continue reading "SEC Announces EDGAR Release 24.0.1" »

On January 24th, the SEC adopted rules designed to strengthen investor protections in initial public offerings by special purpose acquisition companies (SPACs) and in subsequent business combination transactions among SPACs and private operating companies (de-SPAC transactions). These new rules include structured data reporting requirements. Continue reading "SEC Approves Rules to Improve Investor..." »

The SEC’s Division of Corporation Finance will hold an open meeting via webcast on sec.gov that will take place on Wednesday, January 24, 2024, at 10:00 a.m. ET. The meeting is free and open for the public to attend and will cover matters concerning special purpose acquisition companies (SPACs). {expires: 2024-01-25} Continue reading "SEC Staff to Hold Open Meeting Concerning SPACs" »

The FERC will hold its monthly open meeting via webcast on ferc.gov on Thursday, January 18, 2024 at 10:00 a.m. ET. The one-hour meeting is open for the public to attend. {expires: 2024-01-18} Continue reading "FERC to Hold Its Monthly Open Commission Meeting" »

The SEC will be closed Monday, January 15th in observance of Martin Luther King, Jr.’s birthday. The EDGAR System will not receive, process, or accept filings on this day. Filings with a due date of January 15th will be due the following business day, Tuesday, January 16th. The FERC will also be closed in observance of the federal holiday. eForms will accept filings submitted on January 15th. {expires: 2024-01-16} Continue reading "Birthday of Martin Luther King, Jr." »

Last month the FASB released proposed updates to the US GAAP Financial Reporting Taxonomy (GRT) related to a proposed Accounting Standards Update (ASU) on Debt with Conversion and Other Options. Updates to the proposed taxonomy will include new elements and reference modifications. The proposed updates to the GRT are just some of several updates released throughout the year as proposed ASUs are issued. The GRT, which includes all of these taxonomy updates, is published in the last quarter of each calendar year. Continue reading "FASB Publishes Proposed Updates for US GAAP..." »

On December 21st, the FERC updated the eForms system with the draft Version 2024-01-01 of its XBRL taxonomies, validation rules, and rendering files. The Taxonomy Package is now available for download in the eForms portal under Taxonomy History. The system is currently accepting test submissions. Continue reading "FERC Announces Latest eForms Refresh with 2024..." »

Both the SEC and the FERC will be closed Monday, January 1, 2024, in observation of the New Year holiday. The EDGAR System will not receive, process or accept filings on that day. Filings with a due date of January 1st will be due the following business day, Tuesday, January 2nd. eForms will accept filings submitted on January 1st. {expires: 2024-01-02} Continue reading "New Year’s Hours" »

Staff from the SEC’s Divisions of Corporation Finance and Economic and Risk Analysis has prepared and issued a report in connection with the review of the accredited investor definition. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the SEC is directed to review the accredited investor definition as it concerns natural persons every four years to determine whether the definition should be revised. Continue reading "SEC Staff Releases Report on Accredited..." »

Both the SEC and the FERC will be closed Monday, December 25th in observance of Christmas. The EDGAR System will not receive, process or accept filings on that day. Filings with a due date of December 25th will be due the following business day, Tuesday, December 26th. eForms will accept filings submitted on December 25th. {expires: 2023-12-26} Continue reading "Christmas Hours" »

The SEC’s Office of the Advocate for Small Business Capital Formation issued to Congress its 2023 Annual Report, which details how entrepreneurs and investors are building companies together, from startups to small public companies. The report includes policy recommendations from the Office, a summary of the Office’s advocacy work and public engagements from fiscal year 2023, and the Small Business Capital Formation Advisory Committee’s fiscal year 2023 overview of activities. Continue reading "SEC’s Small Business Advocacy Office Issues..." »

On December 13th, the SEC approved the 2024 budget of the Public Company Accounting Oversight Board (PCAOB) and the related annual accounting support fee. The PCAOB monitors the audits and auditors of the financial statements that are submitted by registered broker-dealers and issuers. Section 109 of the Sarbanes-Oxley Act of 2002 requires the PCAOB to establish, with SEC approval, a reasonable accounting support fee to fund its operations. Continue reading "SEC Approves PCAOB Budget and Accounting..." »

The SEC’s Office of the Investor Advocate has issued its Report on Activities for the fiscal year 2023 to Congress. The report summarizes the work of the Office throughout the fiscal year. Continue reading "SEC Office of the Investor Advocate Publishes..." »

To explore the impact of the Financial Data Transparency Act (FDTA) of 2022, XBRL US will hold a webinar that will feature discussions with municipal bond investors who will share their views on what data they use, what kind of issuers they follow, and how access to digitized municipal bond issuer data could change how they work. The FDTA requires disclosures from municipal bond issuers to be made available to investors and other data users in a searchable, machine-readable and structured format. Municipal bond investors will also share insights on the technology impact of data standards, machine-learning, and artificial intelligence on the municipal marketplace. The virtual seminar will take place on January 17, 2024, from 3:00 p.m. – 4:00 p.m. ET. {expires: 2023-01-18} Continue reading "XBRL US Webinar: FDTA Impact on Municipal Bond..." »

On December 15th, the SEC announced that it adopted rule amendments related to the settlement cycle for most broker-dealer transactions, the processing of institutional trades by broker-dealers and certain clearing agencies, and certain record maintenance requirements applicable to registered investment advisers. For further details, see the Shortening the Securities Transaction Settlement Cycle final rule. Continue reading "SEC Releases Draft 2024 Self-Regulatory..." »