The SEC’s Division of Trading and Markets will hold an open meeting via webcast on sec.gov to address matters related to Covered Clearing Agency Resilience and Recovery and Wind-Down Plans. The meeting will take place on Wednesday, May 17, 2023 at 10:00 a.m. and is free and open for the public to attend. {expires: 2023-05-18} Continue reading "SEC Staff to Discuss Covered Clearing Agency..." »

The Board of Trustees of the Financial Accounting Foundation (FAF) has announced an enhancement that will facilitate stakeholders’ ability to raise potential concerns about compliance with the due process procedures of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). This is part of FAF’s continuing endeavor to improve its oversight activities and to further increase disclosure requirements for stakeholders. The enhancement gives stakeholders the ability to flag and report to the FAF’s Oversight Committee (Committee) supposed failures by either the FASB or the GASB to follow their due process procedures as defined in the FAF By-Laws. Continue reading "FAF Trustees Improve Stakeholder Feedback..." »

On May 4th, the SEC adopted amendments to its current rules and forms that will require open-end management investment companies to provide annual and semiannual reports to shareholders that are both concise and visually engaging and that highlight key information for retail investors to assess and monitor their fund investments. More information is available in the SEC’s October 2022 final rule, Tailored Shareholder Reports for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements. Continue reading "SEC Releases Draft 2023 Open-End Fund Taxonomy" »

On May 3rd, the SEC adopted rule amendments to Form PF that requires current reporting for certain private fund advisers and revises certain reporting requirements. Form PF is the confidential reporting form for certain SEC-registered investment advisers to private funds. Continue reading "SEC Adopts Amendments to Improve Private Fund..." »

On May 3rd, the SEC adopted rule amendments that modernize and improve disclosure about repurchases of an issuer’s equity securities that are registered under the Securities Exchange Act of 1934. Prior to the rule’s adoption, and pursuant to Regulation S-K, corporate issuers were required to file domestic forms to disclose, on a quarterly basis, any purchase made by or on behalf of the issuer of shares that are registered under Section 12 of the Exchange Act aggregated on a monthly basis. The same disclosure was required annually for foreign private issuers (FPIs) and semiannually for listed closed-end funds that are exchange traded. Continue reading "SEC Approves Amendments to Modernize Share..." »

On April 28th, the SEC reopened the comment period for its February 2022 proposal, Modernization of Beneficial Ownership Reporting. The agency also announced that its Division of Economic and Risk Analysis (DERA) released a memorandum that provides supplemental data and analysis related to the proposed amendments’ economic effects. The proposal would amend certain rules that govern beneficial ownership reporting under Exchange Act Sections 13D and 13G, which would enhance disclosure requirements, reduce information imbalances, and provide more timely information to meet the needs of investors and the market.
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On May 2nd, the SEC’s Market Structure staff released updated metrics on its webpage. The SEC created the Market Structure webpage on sec.gov to promote better understanding of equity markets and equity market structure through the use of data and analytics. Continue reading "SEC Provides Updated Market Structure Metrics" »

On April 20, 2023, the FERC approved a final rule that provides incentive-based rate treatment for utilities making certain voluntary cybersecurity investments. Under the Infrastructure Investment and Jobs Act of 2021, Congress directed the FERC to update its regulations to establish incentive-based rate treatments, encouraging utility companies to invest in advanced cybersecurity technology. The act also directs the FERC to participate in cybersecurity information-sharing programs, which would protect and benefit consumers. Continue reading "FERC Announces Adoption of Incentive Rate..." »

The SEC’s Division of Investment Management has announced that it will host its inaugural “Conference on Emerging Trends in Asset Management”, which will bring together academics and members of the asset management industry. The remote conference will take place on Friday, May 19, 2023, from 10:00 a.m. to 5:00 p.m. ET. The event is free and open to the public via live webcast on sec.gov. Interested parties may register for the conference until Wednesday, May 17th. {expires: 2023-05-20} Continue reading "SEC Announces First Conference on Emerging..." »

The SEC staff will convene a meeting where its Division of Corporation Finance will discuss share repurchase disclosure modernization and its Division of Investment Management will address enhancing private fund reporting. The meeting will take place via webcast on sec.gov on Wednesday, May 3rd at 10:00 a.m. ET. The meeting is open for the public to attend. {expires: 2023-05-04}

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On April 19, Novaworks hosted a helpful virtual seminar to show filers in the utilities and energy industries a simple and cost-effective way to prepare and submit Form 714 to the FERC in the required XBRL format. This webinar is now available to view on YouTube.com. Continue reading "Novaworks’ Webinar on Filing Form 714 to the..." »

The SEC has voted to reopen the comment period and provided supplemental information related to the January 2022 proposed amendments to Rule 3b-16 under the Securities Exchange Act of 1934. The original comment period for the proposed amendments closed on April 18, 2022. Continue reading "SEC Reopens Comment Period, Provides..." »

The FERC will hold its monthly open meeting via webcast on ferc.gov on Thursday, April 20, 2023, at 10:00 a.m. ET. The one-hour meeting is open for the public to attend. {expires: 2023-04-21}

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The SEC’s Office of Municipal Securities (OMS) has announced that it will host its 2023 Municipal Securities Disclosure Conference, which will be attended by Chair Gary Gensler, OMS staff, SEC Commissioners, and market participants. The conference will take place on May 10, 2023, from 9:30 a.m. to 5:00 p.m. ET. The event is free for the public to attend but registration is required by May 5, 2023. {expires: 2023-05-10} Continue reading "SEC Announces 2023 Office of Municipal..." »

Novaworks will host a free webinar to show filers in the utilities and energy industries a fast, easy, and cost-effective way to prepare and submit Form 714 to the FERC in the required XBRL format. The event will be held Wednesday, April 19, 2023, at 2:00 p.m. ET. You can register here. Space is limited, so reserve your spot today!

Continue reading "Novaworks to Host Free Webinar on Filing Form..." »