In December 2022, the SEC released its annual report on existing SEC websites or digital services under Section 3(d) of the 21st Century Integrated Digital Experience Act of 2018. The report suggests that EDGAR Next program may be delayed. Continue reading "SEC Releases Annual Report on Website..." »

The SEC will be closed Monday, January 16th 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 16th will be due the following business day, Tuesday, January 17th. The FERC will also be closed in observance of the federal holiday. eForms will accept filings submitted on January 16th. {expires: 2023-01-17} Continue reading "Birthday of Martin Luther King, Jr." »

XBRL US will be hosting a webinar to help corporate issuers who are faced with many choices working with the XBRL US GAAP Taxonomy when submitting financials to the SEC. The one-hour webinar will take place on Tuesday, February 7, 2023, and will begin at 3:00 p.m. ET. The event is free and open to the public, but registration is required. {expires: 2023-02-08} Continue reading "XBRL US to Discuss Solutions to Common Issues..." »

XBRL US will host a webinar for international investors who have global portfolios and are seeking reliable, consistently reported data from companies concerning climate and other Environmental Social Governance (ESG) matters. The one-hour webinar will take place on Thursday, February 2, 2023, and will begin at 1:00 p.m. ET. The event is free and open to the public, but registration is required. {expires: 2023-02-04} Continue reading "XBRL US to Hold Webinar on Digitizing..." »

The FERC has proposed to update its policy for evaluating whether an affiliate-only committed service on an oil pipeline is just, reasonable, and not unduly discriminatory. The FERC is reviewing the manner in which it analyzes whether a contractually committed transportation service for an oil pipeline is in compliance with the Interstate Commerce Act (ICA) when the only shipper to obtain the service is the oil pipeline’s affiliate. Continue reading "FERC Proposes Updates to Oil Pipeline..." »

On January 3rd, the Federal Energy Regulatory Commission (FERC) announced that President Biden has named Willie L. Phillips FERC Acting Chairman. Mr. Phillips joined the FERC in December 2021 after practicing regulatory law for nearly 20 years in both the public and private sectors. Mr. Phillips also has a comprehensive background in the areas of public utility regulation, bulk power system reliability, and corporate governance. Continue reading "President Biden Appoints Willie Phillips as..." »

In October 2022, the Financial Accounting Standards Board (FASB) issued the Invitation to Comment, Proposed Meta Model Relationships. The initial comment period, which was set to end on January 10, 2023, has been extended to May 11, 2023. Continue reading "FASB Staff Extends Comment Period on Proposed..." »

XBRL US’ Data Quality Committee (DQC) will host an online meeting for industry leaders to discuss plans to implement rules and guidance for public companies complying with the SEC’s XBRL requirements. The one-hour webinar will take place on Wednesday, January 25, 2023, and will begin at 12:00 p.m. ET. {expires: 2021-01-26} Continue reading "XBRL US to Hold Data Quality Committee Web..." »

On January 3, 2023, the SEC introduced EDGAR Release 22.4.1, which implements updates to Form 13F. Continue reading "EDGAR Release 22.4.1" »

Both the SEC and the FERC will be closed Monday, January 2, 2023, 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 2nd will be due the following business day, Tuesday, January 3rd. eForms will accept filings submitted on January 2nd. {expires: 2023-01-03} Continue reading "New Year’s Hours" »

On December 23rd, the SEC approved the 2023 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 has proposed new rules under the Exchange Act concerning a broker-dealer’s duty of best execution. Under proposed Regulation Best Execution, the current regulatory framework for the duty of best execution would be enhanced by requiring detailed policies and procedures for all broker-dealers. Continue reading "SEC Proposes New Rules Related to Regulation..." »

On December 23rd, President Biden signed into law H.R. 7776, the “James M. Inhofe National Defense Authorization Act for Fiscal Year 2023,” which includes Title LVIII, the Financial Data Transparency Act (FDTA). Under the FDTA, the use of data standards is required by member agencies of the US Financial Stability Oversight Council, which includes the SEC, the US Treasury, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency, the Bureau of Consumer Financial Protection, and the Federal Reserve System. Continue reading "President Biden Approves the Financial Data..." »

The SEC has proposed amendments to certain rules of Regulation National Market System (Regulation NMS) under the Exchange Act that would update variable minimum pricing increments for the quoting and trading of NMS stocks, reduce the access fee caps, and increase the transparency of better-priced orders placed in the NMS. Continue reading "SEC Proposes to Amend Rules of Regulation..." »

Both the SEC and the FERC will be closed Monday, December 26th due to the closure of the federal government on that day. The EDGAR System will not receive, process or accept filings on that day. Filings with a due date of December 26th will be due the following business day, Tuesday, December 27th. eForms will accept filings submitted on December 26th. Also, on Friday, December 23rd, Novaworks will be providing limited e-mail support only after 11:00 a.m. due to inclement weather in western New York. {expires: 2021-12-27} Continue reading "Christmas Hours" »