The SEC has opened registration for its compliance outreach seminars for investment companies and investment advisers. Seminars are being held in four different cities around the country in May and June.

The SEC is adopting technical amendments to make several rules and forms conform to amendments made to the Securities Act and the Exchange Act by Title I of the Jumpstart Our Business Startups (JOBS) Act. These rules address regular updates to the JOBS Act, as prescribed by Congress, to continue to ensure investors and entrepeneurs benefit from crowdfunding and emerging growth opportunities.

Many EDGAR filing forms have fees associated with them. Determining the fee associated with a filing is extremely important and can be straightforward. However, there are times when the calculation can also become more complicated. Fee offsets can be a source of confusion for many filers and our support team often gets asked questions about how to prepare an EDGAR filing when fee offsets are involved.

The SEC is requesting public comment on proposed changes to Industry Guide 3 (Statistical Disclosure by Bank Holding Companies). In light of developments in the financial services industry since the publication of Guide 3, the SEC is considering modernizing the nature, timing, scope, and applicability of Guide 3, which at the moment applies strictly to Bank Holding Companies (BHCs).

The SEC recently approved and published the International Financial Reporting Standards (IFRS) taxonomy so foreign private issuers can begin submitting their financial reports to EDGAR using XBRL. Requirements for foreign private issuers to use XBRL were originally adopted in 2009 with the caveat that such requirements would not go into effect until the IFRS taxonomy was available. Now that the taxonomy has been published on the SEC’s website, issuers may begin using it to submit financial statements.

On March 13, 2017, EDGAR 17.1 was released by the Securities and Exchange Commission. This release primarily contained changes to add a new online version of the Transfer Agent forms, Form TA-1, TA-2 and TA-W. Other changes affect a number of forms, including the Regulation A forms, the Form ABS-EE data files, Form SDR and Form N-MFP2.

On March 1, 2017, the SEC voted to propose amendments intended to improve the quality and accessibility of data submitted by public companies and mutual funds using XBRL. These changes, which are part of the SEC’s ongoing initiative to modernize the EDGAR system, would require the use of Inline XBRL.

The SEC voted on March 1, 2017 to adopt rule and form amendments to make it easier for investors and other market participants to locate and access exhibits in registration statements and periodic reports that were originally submitted with prior filings. This ruling requires issuers to include a hyperlink to each exhibit in the filing’s exhibit index.