With the SEC’s announcement that filers can now voluntarily submit Inline XBRL to EDGAR, you may be wondering what Inline XBRL is and whether you should make the switch. We’ll help you gain a better understanding of Inline XBRL and what ramifications - both good and bad - you may encounter should you choose to transition to it.

On June 13, 2016, EDGAR 16.2 was released by the Securities and Exchange Commission. This release contained changes to Form N-MFP1, Form 10-D, and Form 8-K. Additionally, EDGAR has been updated to allow registrants whose SIC code is not 6189 (asset-backed securities) to file certain asset-backed securities related forms and to allow certain filers to use Inline XBRL in their submissions.

June 1, the SEC adopted an interim final rule to implement a provision of the Fixing America’s Surface Transportation (FAST) Act. The rule allows Form 10-K filers to include, at their discretion, a summary of business and financial information as part of the Form 10-K.

It’s a question to which even filing experts may not know the answer. It doesn’t happen often, but the dreaded Internet error can cause major problems when you are in the middle of a Live filing. What do you do? How can you know if the SEC received the filing? This blog post will help you figure out the best course of action.

Effective today, May 16, 2016, companies can file Form C to EDGAR, which is the offering statement containing the initial disclosures required for crowdfunding.

On April 25, 2016, EDGAR 16.1 was released by the Securities and Exchange Commission. This release contained new EDGAR forms for security-based swap dealers and broker-dealers and some minor changes to Form C, Form N-MFP1, and Exhibit EX-102 for Form ABS-EE.

As the deadline for the first Form N-MFP1 filing draws closer, it’s important to know what your options are for working with this new type of filing. As with Form N-MFP, the SEC is not providing any editing software so filers are essentially on their own to find a solution for creating and editing this form.

On March 7, the Securities and Exchange Commission updated EDGAR to accept the US GAAP 2016 taxonomy among other new taxonomies. While this taxonomy should not be used for reports with a reporting period that ends before March 7, 2015, it’s a good idea to transition your SEC filings as soon as possible for reporting periods that end after March 7.

The SEC’s changes to Form N-MFP will take effect on April 14, 2016. After this date, filers will need to submit new Form N-MFP1, which contains additional fields and has some other minor changes.

On February 9, 2016, SEC staff released a guide for issuers of Asset-Backed Securities to help issuers understand the procedures for using EDGAR. The guide answers questions about filing a 424H prospectus, filing Form ABS-15G, and filing other forms that may be an initial filing for an ABS issuing entity.

Congressman Kevin Cramer announced yesterday that the House of Representatives passed H.R. 1675, the Capital Markets Improvement Act of 2016. H.R. 1675 provides for various reforms related to financial services in an attempt to alleviate the burdens on employers (particularly small businesses) by repealing and/or amending outdated SEC regulations.

As Novaworks has released new versions our software throughout the years, our support team frequently are asked about the Office of Management and Budget (or “OMB”) date that appears on the proof for certain forms. This OMB information changes periodically, and, while it isn’t filed to EDGAR with your form data, it has raised questions from filers about what the OMB information is and why it doesn’t always appear up to date.

On January 25, 2016, EDGAR 16.0.1 was released by the Securities and Exchange Commission. This release
contained new EDGAR forms and some minor updates to the specification for Form N-MFP1.

In December, the SEC proposed new rules that would allow registered investment companies, including mutual funds, and business development companies to engage in derivative transactions, provided such companies meet certain conditions. The increased growth and complexity of derivatives markets and the increased use of derivatives by certain funds has caused the SEC to review the current regulations for derivatives in the Investment Company Act.

The Section 16 EDGAR forms are fairly straightforward for filers and preparers, but sometimes you can run into something a little out of the ordinary and have questions about how to file it. We’ve compiled a list of the five most common questions our support team is asked about Section 16 to help you confidently prepare the more unusual Section 16 filings.