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" »

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..." »

On Friday, December 22, 2023, the EDGAR Filing Fee Beta will close. The Beta has provided the public with an environment to test EDGAR changes related to the technical and structured data aspects of the Filing Fee Disclosure and Payment Methods Modernization rule. Participants are encouraged to complete testing and submit feedback via email to FilingFeeBetaFeedback@sec.gov before the Filing Fee Beta closes. The SEC does not plan to offer an additional EDGAR Filing Fee Beta system prior to the upcoming compliance dates. {expires: 2023-12-23} Continue reading "Reminder: EDGAR Filing Fee Beta Ending Soon" »

The SEC announced that the Interactive Data Test Suite has been updated. For a summary of changes, see the change log in the last section of the summary file. Continue reading "SEC Issues Interactive Data Test Suite Update" »

Both the SEC and the FERC will be closed Thursday, November 23rd in observance of Thanksgiving. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of November 23rd will be due the following business day. eForms will accept filings submitted on November 23rd. {expires: 2023-11-27} Continue reading "Thanksgiving" »

On November 14th, the SEC published the 2024 Peak Filing Volume Dates for EDGAR filings. To help filers avoid missing deadlines and to reduce online traffic around crucial filing dates, the SEC releases a filing schedule detailing when it expects to receive the highest volume of EDGAR filings. The 2024 Peak Filing schedule is now available on the SEC’s EDGAR Calendar webpage. Continue reading "SEC Releases 2024 Peak Filing Volume Dates for..." »

The SEC will be closed Friday, November 10th, in observance of Veterans Day. The EDGAR System will not receive, process, or accept filings on this day. Filings with a due date of November 10th will be due the following business day. The FERC will also be closed in observation of Veterans Day. eForms will accept filings submitted on November 10th. {expires: 2023-11-12} Continue reading "Veterans Day" »

On November 2nd, the SEC adopted Regulation SE under the Securities Exchange Act of 1934, which establishes the process for an entity to register with the SEC as a security-based swap (SBS) execution facility (collectively, SBSEF) and introduces a new form required for registration. The adopted regime is one of a number of major reforms required under Title VII of the Dodd-Frank Act, which is the legislation that improved transparency and oversight of the over-the-counter derivatives market by requiring the SEC to employ a regulatory framework for SBSs that requires the registration and regulation of SBSEFs. Continue reading "SEC Approves Rules to Reform Registration and..." »

On October 18th, the SEC announced that it is proposing new Rule 6b-1 under the Securities Exchange Act of 1934 that would prohibit national securities exchanges from offering volume-based transaction pricing in connection with the execution of agency or riskless principal (agency-related) orders in certain stocks. Continue reading "SEC Announces Rule Proposal to Address..." »

The SEC has adopted amendments to its Names Rule that addresses certain broad categories of investment company names that may mislead investors about an investment company’s investments and risks. Accordingly, the SEC has released a draft of the new Fund (FND) XBRL taxonomy. Continue reading "SEC Issues Draft 2023 Fund (FND) Taxonomy" »

The SEC will be closed Monday, October 9th in observance of Columbus Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of October 9th will be due the following business day. The FERC will also be closed in observation of Columbus Day. eForms will accept filings submitted on October 9th. {expires: 2023-10-10} Continue reading "SEC and FERC Closed October 9th" »

The SEC has announced that the EDGAR Filing Fee Beta will open on Wednesday, October 4, 2023, instead of Monday, October 2, 2023 as previously scheduled. Continue reading "SEC Updates Filing Fee Beta Opening Date" »

On September 27th, the SEC advised that, in the event of a government shutdown, the Division of Corporation Finance’s activities will be significantly limited. Particularly, during a shutdown, the Division will be unable to accommodate requests for accelerating registration statements effectiveness, nor will it be able to qualify Form 1-A offering statements. Continue reading "SEC’s Division of Corporation Finance Provides..." »

On September 27th, the SEC advised that, in the event of a government shutdown, the Division of Corporation Finance’s activities will be significantly limited. The Division will be unable to accommodate requests for accelerating registration statements effectiveness, nor will it be able to qualify Form 1-A offering statements. On September 29th, SEC staff further advised registrants that, if they would like the Division of Corporation Finance to consider a request for acceleration of the effective date of a pending registration statement or qualification of a pending offering statement to be dated “September 29, 2023”, they may contact a staff member identified in the letter they received. Registrants also may contact the Disclosure Review Program at (202) 551-2076 or Christian Sandoe, Division of Investment Management, at (202) 551-6949. After 5:30 p.m. September 29th, the Division of Corporation Finance and the Division of Investment Management will not be able to consider requests until the SEC receives appropriations to fund its operations. Continue reading "SEC Guides Registrants Concerning Pending..." »

On September 18, 2023, the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system was updated to Release 23.3. EDGAR now supports the Share Repurchase (SHR) taxonomy which provides the elements for tagging disclosures associated with the SEC’s final rule on Share Repurchase Disclosure Modernization. Continue reading "EDGAR Upgraded to Support 2023 Share Repurchase..." »