On February 8th, the SEC announced that, in conjunction with the Commodity Futures Trading Commission (CFTC), it has adopted amendments to Form PF that are designed to modernize reporting requirements for all filers and large hedge fund advisers. Form PF is the confidential reporting form for certain SEC-registered investment advisers to private funds. This includes those also registered with the CFTC as a commodity pool operator (CPO) or commodity trading adviser (CTA). The adopted revisions are intended to provide further insight into private funds’ operations and strategies, reduce reporting errors, and assist in identifying trends (those that could improve data quality and comparability). Continue reading "SEC Approves Amendments to Enhance Private Fund..." »

On February 6th, the SEC announced that it adopted two new rules that would require market participants who engage in certain dealer roles (especially those who assume significant liquidity-providing roles in the markets) to register with the SEC pursuant to Sections 15 and 15C of the Exchange Act, to become members of a self-regulatory organization (SRO), and to comply with federal securities laws and regulatory obligations as well as any applicable SRO and Treasury rules and requirements. Continue reading "SEC Approves New Rules to Include Certain..." »

On February 5, 2024, the SEC implemented EDGAR Release 24.0.2, which includes changes to the filing cut-off times for Schedules 13D and 13G, as well as updates to Forms N-MFP3 and Form N-PX. Continue reading "SEC Announces EDGAR Release 24.0.2" »

On January 26th, the Financial Accounting Standards Board (FASB) released two proposed Taxonomy Implementation Guides based on the 2024 US GAAP Financial Reporting Taxonomy, which is currently under consideration by the SEC. These guides focus on the XBRL modeling for the reporting of leases and reporting by investment companies. Continue reading "FASB Releases Proposed Taxonomy Implementation..." »

The SEC’s Division of Trading and Markets has announced that it has rescheduled its open meeting to Tuesday, February 6, 2024, at 10:00 a.m. The meeting was originally scheduled for Wednesday, January 31, at 9:30 a.m. ET. The meeting is free, open for the public to attend and will be webcast on sec.gov. During the meeting, the Division will explore the definition of certain phrases as they relate to the regulation of liquidity providers. {expires: 2024-02-07} Continue reading "SEC’s Division of Trading and Markets to Hold..." »

On January 29th, the EDGAR system has been updated with interim release 24.0.1 and now supports the Filing Fee Disclosure (FFD) taxonomy. This taxonomy provides the elements for tagging data related to the SEC’s new rule on filing fee disclosures using Inline XBRL. Continue reading "SEC Announces 2024 Filing Fee Disclosure (FFD)..." »

On January 29th, the SEC released EDGAR Release 24.0.1. This was a minor release that introduced a flag to indicate the inclusion of the new structured filing fee exhibit in applicable filings. Continue reading "SEC Announces EDGAR Release 24.0.1" »

On January 24th, the SEC adopted rules designed to strengthen investor protections in initial public offerings by special purpose acquisition companies (SPACs) and in subsequent business combination transactions among SPACs and private operating companies (de-SPAC transactions). These new rules include structured data reporting requirements. Continue reading "SEC Approves Rules to Improve Investor..." »

The SEC’s Division of Corporation Finance will hold an open meeting via webcast on sec.gov that will take place on Wednesday, January 24, 2024, at 10:00 a.m. ET. The meeting is free and open for the public to attend and will cover matters concerning special purpose acquisition companies (SPACs). {expires: 2024-01-25} Continue reading "SEC Staff to Hold Open Meeting Concerning SPACs" »

The FERC will hold its monthly open meeting via webcast on ferc.gov on Thursday, January 18, 2024 at 10:00 a.m. ET. The one-hour meeting is open for the public to attend. {expires: 2024-01-18} Continue reading "FERC to Hold Its Monthly Open Commission Meeting" »

The SEC will be closed Monday, January 15th in observance of Martin Luther King, Jr.’s birthday. The EDGAR System will not receive, process, or accept filings on this day. Filings with a due date of January 15th will be due the following business day, Tuesday, January 16th. The FERC will also be closed in observance of the federal holiday. eForms will accept filings submitted on January 15th. {expires: 2024-01-16} Continue reading "Birthday of Martin Luther King, Jr." »