XBRL US’ Data Quality Committee (DQC) will host an online meeting for industry leaders to further engage in discussions and plans to establish rules and guidance for public corporations complying with the SEC’s XBRL requirements. The one-hour webinar will take place on Wednesday, June 29, 2022 and will begin at 12:00 p.m. ET. {expires: 2022-06-30} Continue reading "XBRL US to Hold Data Quality Committee Web..." »

On June 15th, the SEC announced that it has issued a request for comment concerning the actions of some “information providers”. The SEC is requesting information and feedback from the public and anticipates that the details gathered will help determine whether these information providers are acting as “investment advisers” under the Advisers Act. The SEC is specifically focusing the request on index providers, model portfolio providers, and pricing services. Continue reading "SEC Issues Request for Information and Comment..." »

In observance of the Juneteenth National Independence Day, and in treating that day as a federal holiday for filing purposes, the SEC will be closed on Monday, June 20, 2022. The EDGAR system will not receive, process or accept filings. EDGAR will resume normal operations on Tuesday, June 21, 2022. {expires: 2022-06-21} Continue reading "SEC Announces Adjusted Filing Dates in..." »

On June 8th, the SEC announced that is reopening the comment period for the July 2015 proposed amendments and new rules to implement Section 954 of Dodd-Frank concerning listing standards for recovering erroneously awarded compensation. In response to the original proposal, the SEC received numerous comments, and considering the regulatory and market developments since 2015, the SEC is providing an opportunity for the public to offer additional feedback on the 2015 proposal. The reopening also allows for questions newly raised to be addressed. Continue reading "SEC Reopens Comment Period for Recovery of..." »

The SEC’s Office of Investor Education and Advocacy has announced the launch of a game show-themed public service campaign entitled “Investomania” that is designed to help investors make informed investment decisions and protect themselves from fraud. Drawing on the idea that investing may sometimes seem like playing a game, the campaign reaffirms the need for investors to take proper precautions when making investment decisions. Continue reading "SEC Introduces Game Show-Themed Public Service..." »

On June 15th, the FERC announced that the taxonomies for FERC Form Nos. 1, 1-F, 3-Q (electric), 2, 2-A, 3-Q (natural gas), 6, 6-Q, 60, and 714 have been adjusted to allow the system to accept refilings from as far back as 2000. Continue reading "FERC Announces Updates to eForms Refresh" »

The SEC has announced that it is proposing amendments to rules and disclosure forms under both the Advisers Act and the Investment Company Act that would both provide investors with information that is consistent, comparable and reliable and help funds and advisers incorporate environmental, social, and governance (ESG) components. The proposed amendments would apply to registered investment companies (funds), business development companies (together with funds), registered investment advisers (advisers), and certain unregistered advisers (together with registered investment advisers) and would require these entities to submit supplemental information regarding their ESG investment practices. Continue reading "SEC Announces Rule Proposals to Enhance..." »

The SEC has adopted rules and form amendments to require the electronic filing or submission of certain documents that currently are permitted to be filed or submitted in paper as well as the use of Inline XBRL for the filing of the financial statements and associated schedules to the financial statements required by Form 11-K. Continue reading "SEC Announces Approved Updates to Electronic..." »

On June 3rd, the FASB announced that it has released a proposed Taxonomy Implementation Guide based on the 2022 US GAAP Financial Reporting Taxonomy related to disclosures about offsetting assets and liabilities. Continue reading "FASB Releases Proposed Taxonomy Implementation..." »

On May 25th, the SEC announced that it is proposing amendments to Rule 35d-1 under the Investment Company Act of 1940, the Investment Company Names Rule of 2001 (Names Rule). For a business development company (BDC) or a registered investment company, the name of its firm is an important marketing tool for the fund, and it conveys to investors useful information about the fund. Continue reading "SEC Proposes Rule Updates to Prohibit..." »

The SEC has announced a virtual Investor Advisory Committee meeting that will take place on Thursday, June 9, 2022, at 10:00 a.m. ET. The public may attend this free event, which will be presented live via webcast at sec.gov. {expires: 2022-06-10} Continue reading "SEC to Hold Investor Advisory Committee Meeting" »

On May 20th, the SEC released its Draft of the EDGAR Filer Manual, Volume II: “EDGAR Filing” (Version 62). The SEC has not approved, may approve or disapprove, and may update any of the modifications within the draft. This draft Volume II of the EDGAR Filer Manual is made available to filers in anticipation of feedback and to help filers prepare for potential revisions to the EDGAR system detailed in the draft and scheduled to be implemented in EDGAR Release 22.2 on June 21, 2022. “Non-rule”-based modifications outlined in the draft will be effective June 21, 2022. For rule-based changes, refer to the effective dates of the associated final rule on sec.gov. Continue reading "SEC Publishes Draft EDGAR Filer Manual (Volume..." »