On February 25th, the SEC adopted rules under the Securities Exchange Act to extend by one year the compliance dates for Rule 17ad-22(e)(18)(iv)(A) and (B) (collectively known as the Trade Submission Requirement). The Trade Submission Requirement is designed both to mitigate the spread of risk to US Treasury securities covered clearing agencies (CCAs) and to bring the benefits of central clearing to more transactions involving US Treasury securities. Continue reading "SEC Extends Compliance Dates, Provides..." »

The SEC has released its draft of the EDGAR® Filer Manual, Volume II: “EDGAR Filing” (Version 73) to prepare issuers for potential updates to the EDGAR system scheduled to be introduced in EDGAR Release 25.1 on March 17, 2025. The SEC also issues this draft of the EDGAR Filer Manual seeking feedback from the filing community. Continue reading "SEC Publishes Current Draft for EDGAR Filer Manual" »

The SEC’s Division of Trading and Markets will hold an open meeting that will be available via webcast on sec.gov on Wednesday, February 26, 2025, at 10:00 a.m. ET. The meeting is free and open for the public to attend. {expires: 2025-02-27} Continue reading "SEC’s Division of Trading and Markets to..." »

The SEC will be closed Monday, February 17th in observance of Presidents’ Day/Washington’s Birthday. The EDGAR System will not receive, process, or accept filings on this day. Filings with a due date of February 17th will be due the following business day, Tuesday, February 18th. The FERC will also be closed in observance of the federal holiday. eForms will accept filings submitted on February 17th. {expires: 2025-02-18} Continue reading "Presidents’ Day" »

On February 11th, the SEC released a group of Compliance and Disclosure Interpretations (C&DIs), which comprises the Division's interpretations of Exchange Act Sections 13(d) and 13(g), Regulation 13D-G beneficial ownership reporting and related filing of Schedules 13D and 13G. These C&DIs replace the “Regulations 13D and 13G and Schedules Thereunder” interpretations in the July 1997 Manual of Publicly Available Telephone Interpretations. The staff’s release now includes one new and one revised question with answers that were released on February 11th. Continue reading "SEC Releases Compliance and Disclosure..." »

On February 7th, the SEC provided a temporary exemption from both compliance with Rule 13f-2 under the Securities Exchange Act and reporting on Form SHO. As a result of the exemption, filings on initial Form SHO reports from institutional investment managers that meet or exceed certain specified thresholds will be due by February 17, 2026, for the January 2026 reporting period. The effective date for Rule 13f-2 and Form SHO was January 2, 2024, and the compliance date for the rule and form was January 2, 2025, with initial Form SHO filings originally due by February 14, 2025. Continue reading "SEC Announces Exemption From Exchange Act Rule..." »

XBRL US will host a webinar to prepare filers to use the SEC’s new EDGAR Filer Management dashboard that will go live on March 24, 2025. The session will feature an overview of important deadlines, a “prep for enrollment” checklist, and technical demonstrations of both the bulk and manual enrollment process. The event will take place on Wednesday, March 5, 2025 at 1:00 p.m. (ET). {expires: 2025-03-06} Continue reading "XBRL US to Host Webinar to Promote Readiness..." »

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, February 25, 2025, from 10:00 a.m. until 3:30 p.m. ET. This meeting is open for the public to attend. {expires: 2025-02-26} Continue reading "SEC’s Small Business Capital Formation Advisory..." »

On February 7th, the SEC announced that the Federal Reserve Financial Services (FRFS) will adopt the ISO 20022 message format for the Fedwire Funds Service on March 10, 2025 in a single-day launch. The current Fedwire Application Interface Manual (FAIM) format has a sunset date of March 9, 2025. The Fedwire payment instructions for filing fee registrants will be updated on the SEC’s website once the new format is live. Continue reading "Federal Reserve Financial Services to Adopt New..." »

On February 3rd, the EDGAR system was upgraded with interim release 25.0.1, and it now supports the 2024q3 version of the Fund (FND) taxonomy. The 2024q3 version of the FND taxonomy will now include the requisite update for compatibility with the 2024q3 version of the Open-End Fund (OEF) taxonomy enabling filers to use both taxonomies in one filing, and provide the elements for tagging disclosures related to the SEC’s rulemaking regarding enhanced prospectus disclosure requirements for terminology used in fund names. Continue reading "SEC Announces Interim Release 25.0.1 for EDGAR..." »

On January 27th, the Financial Accounting Standards Board (FASB) issued two proposed Taxonomy Implementation Guides based on the 2025 GAAP Financial Reporting Taxonomy, which was made available in December 2024 pending SEC approval. These guides focus on the accounting changes and segment reporting following the adoption of Accounting Standards Update 2023-07 (ASU). Continue reading "FASB Publishes Proposed Taxonomy Implementation..." »