The SEC adopted amendments to Form N-PX on November 2nd. These changes will enhance the proxy vote information that mutual funds, exchange-traded funds, and certain other registered funds report by making proxy voting records more usable and easier to analyze. This will in turn enhance investors’ ability to monitor how funds vote and compare different funds’ voting records. In addition, institutional investment managers will be required to disclose how they voted on executive compensation (“say-on-pay”) matters, which fulfills one of the remaining rulemaking mandates under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Continue reading "SEC Enhances Proxy Voting Disclosure and..." »

To help filers avoid missing deadlines and reduce online traffic around crucial filing dates, the SEC releases a filing schedule detailing when it expects to receive the highest volume of EDGAR filings. The 2023 schedule is now available from the SEC. Continue reading "SEC Releases 2023 Peak Filing Volume Dates for..." »

The SEC recently adopted amendments that will require an exchange-listed issuer to adopt a compensation recovery policy required by Rule 10D-1 of the Securities Exchange Act. The issuer must also disclose information about the application of its Rule 10D-1 compensation recovery policy and any recovery pursuant to such policy. This disclosure must be submitted in Inline XBRL. Continue reading "SEC Releases New Draft ECD Taxonomy and Guide" »

On October 26th, the SEC proposed a new rule and associated amendments under the Investment Advisers Act of 1940 that would prohibit registered investment advisers from outsourcing certain services and functions unless that investment adviser has performed the necessary due diligence. In addition, investment advisers who choose to outsource these services must monitor the service providers. Continue reading "SEC Proposes Oversight Rules for Some..." »

The SEC has adopted rules to require securities exchanges to implement new compensation recovery listing standards. These standards will require issuers who list securities on these exchanges to develop and implement a policy providing for the recovery of erroneously awarded incentive-based compensation received by current or former executive officers. The policy would be filed as an exhibit to the listed issuer’s annual report. In addition. the listed issuer must include disclosures related to its recovery policy and provide recovery analysis when a recovery is triggered. Continue reading "SEC Adopts Compensation Recovery Listing..." »

On October 26th, the SEC adopted amendments that will require mutual funds and exchange-traded funds registered on Form N-1A to transmit concise and visually engaging shareholder reports in a structured data format. In addition, these changes will promote transparent and balanced information concerning the fees and expenses related to investing in investment company advertisements. Continue reading "SEC Modernizes Fund Shareholder Reports to..." »

Version 5.16b of all applications in the GoFiler Suite has been released. This release corresponds to EDGAR 22.3.1 and contains changes for the modernized Form 144. Additionally, new features have been added to XDX to create and edit extensible lists. Other corrections and improvements were made to XDX, Section 16, Form 13F, Form 13H, and Form 24F-2NT.

Continue reading "New Release (5.16b) for the GoFiler Family of..." »

The SEC announced on October 18th that the compliance date for the submission of Form 144 to the EDGAR system in an electronic data format will be April 13, 2023. Continue reading "SEC Announces Form 144 Electronic Filing..." »

On October 12th, the SEC adopted amendments to the electronic recordkeeping and third-party recordkeeping service requirements applicable to broker-dealers, security-based swap dealers (SBSDs), and major security-based swap participants (MSBSPs). With the many technological changes over the last two decades, these changes are intended to modernize recordkeeping requirements and to make the rule adaptable to these new technologies in electronic recordkeeping. Continue reading "SEC Modernizes How Broker-Dealers Maintain..." »

The SEC’s Small Business Capital Formation Advisory Committee will hold a meeting on Thursday, October 13 at 10:00 a.m. ET to discuss entrepreneurship hubs and recent trends in taking a company public. Members of the public can watch the live meeting via webcast on sec.gov. {expires: 2022-10-14} Continue reading "SEC’s Small Business Advisory Committee to..." »

The SEC will be closed Monday, October 10th in observance of Columbus Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of October 10 will be due the following business day. The FERC will also be closed in observation of Columbus Day. eForms will accept filings submitted on October 10th. {expires: 2022-10-11} Continue reading "Columbus Day" »

On October 5th, the FASB issued for a request for comment on proposed technical and other conforming improvements for the 2023 GAAP Financial Reporting Taxonomy. The comment period ends on November 3, 2022. Continue reading "FASB Releases Proposed Technical and Other..." »

The SEC announced on October 3rd that it will focus on long-term planning and investor resilience during World Investor Week (WIW) 2022. WIW, which is a global effort promoted by the International Organization of Securities Commissions, unites regulators worldwide to increase awareness about the importance of investor education and protection. In its sixth year, WIW occurs October 3-9. Continue reading "SEC Focuses on Financial Planning and..." »

On September 29th, the SEC announced that it will be carefully monitoring the effects of Hurricanes Ian and Fiona and welcomes inquiries from individuals with obligations under the federal securities laws that may be impacted by the storms. As the SEC follows the storms’ developments, it will consider easing regulatory requirements for those affected by the storms.
Continue reading "SEC Closely Observing Impact of Hurricanes Ian..." »

Version 5.16a of all applications in the GoFiler Suite has been released. This release corresponds to EDGAR 22.3 and contains support for a number of new EDGAR submission types, including XML form editing for the modernized Form 144 and Form 144/A. Additional corrections and improvements were made to XDX processing.

Continue reading "New Release (5.16a) for the GoFiler Family " »