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..." »

The FERC will hold its monthly open meeting via webcast on ferc.gov on Thursday, July 25, 2024, at 10:00 a.m. ET. The one-hour meeting is open for the public to attend. {expires: 2024-07-26} Continue reading "FERC to Hold Open Commission Meeting" »

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..." »

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..." »