On June 20, 2023, the SEC voted to reopen the comment period for its December 2021 proposal, Position Reporting of Large Security-Based Swap Positions, which provides the public an opportunity to comment on supplemental analysis and data added to the public comment file. The additional findings were compiled and released in a memorandum by the SEC’s Division of Economic and Risk Analysis (DERA). The proposed rule would require expeditious reporting to the SEC of any large security-based swap (SBS) positions that exceed certain thresholds. The original comment period for the proposed rule closed on February 4, 2022. Continue reading "SEC to Reopen Comment Period for Position..." »

On June 20th, the SEC updated the EDGAR system to Release 23.2, and the system now supports multiple new XBRL taxonomies, including the 2023 version of the International Financial Reporting Standards (IFRS) taxonomy, the Resource Extraction Payments (RXP) taxonomy, and the Open-End Fund (OEF) taxonomy. These taxonomies are now also supported in the GoFiler Suite. Continue reading "SEC Issues June 2023 XBRL Taxonomies Update" »

On June 16th, the SEC announced that it will offer an EDGAR Filing Fee Beta that will allow filers and filing agents to test the technical and structured data components of the Filing Fee Disclosure and Payment Methods Modernization final rule, which was adopted in October 2021. Continue reading "SEC Announces EDGAR BETA Testing for Filing Fee..." »

The SEC will be closed Monday, 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: 2023-06-20} Continue reading "Juneteenth" »

The SEC has announced that a virtual Investor Advisory Committee meeting will take place on Thursday, June 22, 2023 at 10:00 a.m. ET. The public may attend this free event, which will be presented live via webcast at sec.gov. {expires: 2023-06-23} Continue reading "SEC Staff to Hold Investor Advisory Committee..." »

The SEC has announced that it is adopting rule amendments pursuant to Regulation M, under which the SEC is required to replace references to credit ratings with alternative standards of creditworthiness. Regulation M of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) is a set of rules designed to protect the pricing integrity of the securities trading markets by prohibiting issuers, distribution participants, selling security holders, and any of their affiliated purchasers from engaging in activities that could artificially influence the market for an offered security. Continue reading "SEC Approves Amendments to Remove References to..." »

On June 7th, the SEC announced that it is adopting new Rule 9j-1, which is designed to prevent fraud, manipulation, and deception related to executing or attempting to execute any transaction (including purchasing or selling, inducing or attempting to induce the purchase or sale) in a security-based swap (SBS). The rule takes into consideration the basic features of an SBS and the broad definitions of “purchase” and “sale” under the Exchange Act as they relate to SBSs. Continue reading "SEC Approves Rules to Prevent Fraud Related to..." »

On June 2nd, the SEC announced that Form N-CEN Data Sets are now available for download. Form N-CEN is used by all registered investment companies to file annual reports with the SEC, with the exception of face-amount certificate companies. The Form N-CEN Data Sets are extracted from the eXtensible Markup Language (XML) Form N-CEN submissions. The data is displayed without change from the “as-filed” submissions and in a flattened format to provide readily available data from registrants. Continue reading "SEC Announces Form N-CEN Data Sets Available..." »

The SEC’s Atlanta Regional Office and the Division of Examinations will be hosting a compliance outreach event to discuss compliance for registered investment advisers. The meeting will take place on Wednesday, June 14, 2023, from 2:00 p.m. to 3:15 p.m. ET. {expires: 2023-06-15} Continue reading "SEC Staff to Hold Webinar: Compliance Matters" »

The SEC’s Division of Trading and Markets will hold an open meeting via webcast on sec.gov on Wednesday, June 7, 2023 at 10:00 a.m. ET. The meeting is free and open for the public to attend. {expires: 2023-06-07} Continue reading "SEC’s Division of Trading and Markets to Hold..." »