The SEC has announced that it is adopting amendments to Volume II of the EDGAR Filer Manual, Version 70, and its related rules and forms. EDGAR Release 24.2 was deployed in the EDGAR system on July 1, 2024. Continue reading "SEC Adopts Updated EDGAR Filer Manual" »

The SEC has recently adopted tailored disclosure requirements and offering processes for registered index-linked annuities (RILAs) and registered market value adjustment annuities (registered MVA annuities, and collectively with RILAs, nonvariable annuities). These new requirements include structured data disclosure mandates for Form N-4. Continue reading "SEC Adopts Tailored Registration Form for..." »

On July 1, 2024, the EDGAR system was upgraded to Release 24.2, which now accepts the Security-Based Swap (SBS) taxonomy and supports the 2024 version of the International Financial Reporting Standards (IFRS) taxonomy. Continue reading "SEC Issues EDGAR 24.2 Release XBRL Taxonomies..." »

The SEC will be closed Thursday, July 4th in observance of Independence Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of July 4th will be due the following business day. The FERC also will be closed in observation of Independence Day. eForms will accept filings submitted on July 4th. {expires: 2024-07-07} Continue reading "Independence Day" »

On June 24th, the SEC announced that it has revised its list of unregistered entities that use inaccurate data to solicit mainly non-US investors. This list is known as the Public Alert: Unregistered Soliciting Entities (PAUSE) list. The update adds 24 soliciting entities, six impersonators of real firms, and four bogus regulators. Revising the list of soliciting entities that have been the subject of investor complaints allows the SEC to provide information learned through reviewing tips, referrals, complaints, and other sources, helping retail investors avoid potential fraud before they invest. Continue reading "SEC Updates PAUSE List of Firms Using..." »

On June 28th, the SEC’s Division of Economic and Risk Analysis (DERA) released a report analyzing the way filers use custom tags in their eXtensible Business Reporting Language (XBRL) submissions from 2021 to 2023. The average custom tag rate for filings in 2023 decreased compared to 2022 for Forms 10-K and 10-K/A across all filer status except the accelerated filer category. Continue reading "SEC Publishes Trend Analysis of Custom Tag..." »

On June 25th, the SEC issued the Final 2024 Security-Based Swap (SBS) Taxonomy and Sample Documents designed to equip the filers and vendors using the taxonomy. The final SBS taxonomy resources are available on the SEC’s Security-Based Swap Data Repositories and Execution Facilities webpage, and the illustrative sample documents are available for download prior to the upcoming EDGAR 24.2 release that incorporates the final SBS taxonomy into EDGAR. Continue reading "SEC Releases Final 2024 Security-Based Swap..." »

Recently the SEC has adopted rules under which registrants are required periodically to disclose material cybersecurity instances they experience. Registrants also must disclose on an annual basis material information regarding their cybersecurity risk management, strategy, and governance. Since these disclosures are required to be in a structured data format, the SEC has released a draft XBRL taxonomy for these mandated cybersecurity disclosures. Continue reading "SEC Issues Draft 2024 Cybersecurity Disclosure..." »

XBRL US will host a webinar to discuss the new mandates set by regulators worldwide for climate reporting structures, which require digital, machine-readable, structured data format reporting of climate-related disclosures. These structures will affect public and private companies all over the globe with compliance dates as soon as 2026. The 90-minute webinar will take place on Tuesday, July 16, 2024 beginning at 1:00 p.m. EDT and is free for the public to attend. {expires: 2024-07-17} Continue reading "XBRL US to Host Webinar on Preparing for..." »

XBRL US reminds reporting entities that compliance dates begin soon for new SEC requirements related to the Filing Fee Disclosures and Payments Method Modernization rule. To gear up for these upcoming changes, the agency will hold a 60-minute conference that will take place on Thursday, July 11, 2024, beginning at 2:00 p.m. EDT. The event is free for the public to attend, but registration is required.{expires: 2024-07-12} Continue reading "XBRL US to Host Webinar to Promote Readiness..." »

The SEC will be closed Wednesday, June 19th in observance of Freedom Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of June 19th will be due the following business day. The FERC will also be closed in observation of Freedom Day. eForms will accept filings submitted on June 19th. {expires: 2024-06-20} Continue reading "Juneteenth" »

The SEC has informed filers that they now may find revised information regarding technical and structured data aspects of the Filing Fee Disclosure and Payment Methods Modernization rule on the EDGAR Filing Fees webpage. Continue reading "SEC Announces Filing Fee Exhibit Updates for..." »

The SEC has announced that it has released its draft of the EDGAR® Filer Manual, Volume II: “EDGAR Filing” (Version 70 ) to help issuers prepare for potential updates to the EDGAR system detailed in the draft and scheduled to be introduced in EDGAR Release 24.2 on July 1, 2024. Continue reading "SEC Releases Current Draft EDGAR Filer Manual" »

Join us at GovFin 2024! XBRL US, in conjunction with PricewaterhouseCoopers, will host this conference to discuss how the Financial Data Transparency Act (FDTA) can improve municipal bond issuer reporting and other disclosures with data submissions in structured, machine-readable format. The event, which takes place July 29th and 30th in New York City, will feature presentations that address how the FDTA will impact governments, municipal analysts and portfolio managers, data and analytics tool providers, and regulators. Novaworks is a sponsor of this event, and our staff will be on hand to answer questions and provide information. Continue reading "Register Now for GovFin 2024" »

The SEC’s Department of Public Affairs will host an event recognizing the 90th anniversary of the Securities Exchange Act. Staff will celebrate the milestone and reaffirm the agency's commitment to protecting investors and issuers. The event will take place on Thursday, June 6, 2024, beginning at 1:00 p.m., and will be available for public viewing via live webcast on sec.gov. Continue reading "SEC to Commemorate 90th Anniversary of the..." »