The SEC will be closed Monday, September 2nd in observance of Labor Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of September 2nd will be due the following business day. The FERC will also be closed in observation of Labor Day. eForms will accept filings submitted on September 2nd. {expires: 2024-09-03} Continue reading "Labor Day" »

On August 28th, the SEC adopted rules to amend reporting requirements on Form N-PORT that would offer the SEC and investors with greater and more timely information about certain registered investment companies (funds). Form N-PORT reports provide the SEC and the public with important information about a fund’s portfolio holdings and related information to help evaluate a fund’s risks. These reports also promote efficacy in regulatory monitoring and oversight of the fund industry, which benefits fund investors. Continue reading "SEC Adopts Reporting Enhancements for Funds,..." »

On August 21st, the SEC adopted a rule to update the dollar threshold for a fund to qualify as a “qualifying venture capital fund” for section 3(c)(1) of the Investment Company Act of 1940. Qualifying venture capital funds are not included in the Act’s definition of an “investment company.” Continue reading "SEC Rule Modernizes Definition of Qualifying..." »

The SEC’s Division of Investment Management will hold an open meeting via webcast on sec.gov that will take place on Wednesday, August 28, 2024, at 10:00 a.m. ET. The meeting is open for the public to attend. {expires: 2024-08-29} Continue reading "SEC’s Division of Investment Management to Hold..." »

The SEC has released its draft of the EDGAR® Filer Manual, Volume II: “EDGAR Filing” (Version 71) to prepare issuers for potential updates to the EDGAR system scheduled to be introduced in EDGAR Release 24.3 on September 16, 2024. Continue reading "SEC Releases Current Draft EDGAR Filer Manual" »

The SEC’s Office of the Chief Accountant has announced an open meeting on Tuesday, August 20, 2024, beginning at 10:00 a.m. The meeting is open for the public to attend and will be webcast on sec.gov. {expires: 2024-08-21} Continue reading "SEC’s Office of the Chief Accountant to Hold..." »

On August 2nd, the SEC proposed joint data standards under the Financial Data Transparency Act of 2022 (FDTA) that would establish technical standards for data submitted to certain financial regulatory agencies, making financial data more accessible, uniform, and useful to the public. The joint data standards would make it easier for financial institutions to file reports across multiple agencies and help regulators carry out the SEC’s oversight functions with greater efficacy. Continue reading "Fact Sheet Available for Proposed Joint Data..." »

The SEC’s Division of Economic and Risk Analysis (DERA) recently analyzed the way filers use custom tags in IFRS XBRL submissions from 2021 to 2023. Continue reading "SEC Publishes Trend Analysis of Custom Tag..." »

On July 29th, the SEC announced that Form N-PORT Data Sets are now available for download. Form N-PORT is used by registered investment companies (apart from money market funds and exchange-traded funds organized as unit investment trusts) to report monthly portfolio holdings. The Form N-PORT Data Sets are extracted from the eXtensible Markup Language (XML) Form N-PORT-P submissions. The data is displayed unchanged from the “as-filed” submissions and in a flattened format to provide the public with easily accessible data from registrants. The data sets include only publicly available information from filings that have been disseminated by the SEC. Continue reading "SEC Releases Form N-PORT Data Sets for Download" »

On July 19th, the SEC’s Division of Enforcement announced that it has launched the Interagency Securities Council (ISC). The ISC is a governing body that invites federal, state, and local regulatory and law enforcement professionals to convene quarterly to review and discuss current scams, trends, frauds, and mitigation strategies. The ISC launched with representatives from more than 100 departments and agencies. Continue reading "SEC Establishes Interagency Securities Council..." »

The SEC’s Small Business Capital Formation Advisory Committee will hold an open meeting via webcast on sec.gov to discuss matters concerning rules and regulations affecting small and emerging businesses and their investors under the federal securities laws. The meeting will take place on Tuesday, July 30, 2024, at 10:00 a.m. EDT. This meeting is free and open for the public to attend. {expires: 2024-07-31} Continue reading "SEC’s Small Business Capital Formation Advisory..." »

On July 11th, XBRL US hosted a webinar reminding reporting entities of impending compliance dates for new SEC requirements related to the Filing Fee Disclosures and Payments Method Modernization rule. A recording of this webinar is now available for interested parties to view. Continue reading "XBRL US Webinar on Preparing for Fee-Based..." »

On July 16th, the SEC announced the release of an updated EDGAR XBRL Guide, which is available on the XBRL Technical Specifications webpage at sec.gov. The technical specifications on the SEC’s website outline the valid framework and content for EDGAR submission types submitted in both XBRL (eXtensible Business Reporting Language) and XML (eXtensible Markup Language). While following the updated guide, filers are advised also to comply with the existing requirements of the EDGAR Filer Manual. Continue reading "SEC Announces Revised EDGAR eXtensible Business..." »

The SEC, the Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) have announced that registration is now open for the Compliance Outreach Program, an event the agencies will host together in November in Denver, Colorado. The program is designed specifically to familiarize municipal market participants, including municipal advisors and broker-dealers, with their compliance obligations. Continue reading "SEC, MSRB, FINRA to Co-Sponsor Compliance..." »