On July 27, 2021, the SEC began limiting automated searches to no more than 10 requests per second no matter the number of machines used to submit requests. This measure ensures that automated searches will not affect other users’ capability to access EDGAR websites, including EDGAR Company Database and EDGAR Portal. As stated in the agency’s Internet Security Policy, automated tools or “unclassified” bots are not permitted to crawl agency websites. Requests that are deemed part of an automated tool or unclassified bot and exceed 10 requests per second will be managed to guarantee equal access for all users. Continue reading "SEC Applies New Rate Control Limits to EDGAR..." »

As of Tuesday, July 27, the SEC has discontinued support for Windows 7 and Internet Explorer. Windows 7 has not been supported by Microsoft since January 14, 2020, and Internet Explorer will reach end-of-life in June of 2022. The SEC has now updated its security protocols on www.edgarfiling.sec.gov and associated websites to no longer accept legacy security credentials from computers accessing the website via Windows 7 using Internet Explorer. This change also affects Windows Server 2012. Continue reading "SEC Websites Discontinue Support for Windows 7..." »

XBRL US will host a webinar to share updates made to the XBRL Filed Data Add-in for Excel and to discuss recent revisions to XBRL API documentation, Tools for SEC Filers, and resources on XBRL US’ Data Community page. The SEC now supports data quality checks in EDGAR as developed by the XBRL US Data Quality Committee (DQC), and attendees will be shown how the DQC checks scan XBRL filings to find and fix issues before filing. The remote seminar will take place on Wednesday, August 11, 2021 from 3:00 p.m. – 4:00 p.m. ET. There is no charge to attend this public event, though registration is required. {expires: 2021-08-12} Continue reading "XBRL US to Host a Virtual Seminar to Discuss..." »

On July 15, 2021, XBRL US Data Quality Committee (DQC) released its 16th ruleset for a 45-day public review and comment period. The latest rule set is comprised of eight rules specific to US GAAP filers. {expires: 2021-08-01} Continue reading "XBRL US DQC Releases Ruleset 16" »

The Chair of the SEC, Gary Gensler, and the UN Principles for Responsible Investment will join to discuss climate change and its effect on global financial markets. The issue is part of the SEC’s Regulatory Agenda released June 2021. The 45-minute event will take place on Wednesday, July 28, 2021 at 10:30 a.m. ET. The event is free and open to the public, but registration is required. {expires: 2021-07-29} Continue reading "SEC and UN to Host Webinar on the Impact of..." »

The Financial Accounting Standards Board (FASB) recently released a proposed XBRL Taxonomy Implementation Guide for Financing Receivable and Current Expected Loss (CECL) disclosures. This guide is based on and in accordance with the SEC Reporting Taxonomy and the US Generally Accepted Accounting Principles Financial Reporting (US GAAP) Taxonomy. The proposed Implementation Guide provides illustrations of disclosures concerning financing receivables pursuant to FASB Accounting Standards Codification, Topics 310, Receivables, and 326, Financing Instruments–Credit Losses. Elements for text blocks, policy text blocks, and table text blocks (Levels 1-3) are not included in the Guide. The publication places focus on detail tagging only (Level 4). {expires: 2021-07-27} Continue reading "FASB Publishes Taxonomy Implementation Guide..." »

On July 2, 2021, the SEC announced that an API (Application Programming Interface) is now available for beta testing on data.sec.gov. In addition to XBRL data from financial statements (Forms 10-Q, 10-K, 8-K, 20-F, 40-F, 6-K, and their variants) in a JSON format, the API features entity information and submission history. Continue reading "SEC Announces EDGAR Structured Disclosure API..." »

On June 25, 2021, top officials from the SEC, the Commodity Futures Trading Commission (CFTC), the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Bank of England assembled remotely to share points of view related to the concept of central counterparty (CCP) resolution. This cross-agency body of senior-level officials, which has been meeting regularly since 2017, also gathers to assess the progress of an ongoing program of joint endeavors among the agencies. Continue reading "US and UK Regulatory Authorities Meet to..." »

The SEC will be closed Monday, July 5 in observance of Independence Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of July 5 will be due the following business day. {expires: 2021-07-06} Continue reading "SEC Closed Monday, July 5" »

Following its upgrade to Release 21.2, the EDGAR system began supporting the 2021 International Financial Reporting Standards (IFRS) Taxonomy. The 2021 IFRS Taxonomy is consistent with that of the International Accounting Standards Board which was made available on the its website on March 24, 2021. Continue reading "SEC Issues XBRL Taxonomy Update" »

The SEC is hosting a virtual meeting of the Asset Management Advisory Committee (AMAC) that will take place on Wednesday, July 7, 2021. The event will begin at 11:00 a.m. ET and will be presented live via webcast for public viewing on sec.gov. {expires: 2021-07-08} Continue reading "SEC to Hold Remote Meeting of the Asset..." »

The SEC’s Atlanta Regional Office (ARO), Operation HOPE, the Federal Trade Commission, and the Georgia Secretary of State Securities and Charities Division have partnered to host a virtual outreach event focusing on recognizing and avoiding investment and consumer fraud. The event will take place on June 29, 2021, at 11:00 a.m. ET. {expires: 2021-06-30} Continue reading "SEC Regional Office, Other Agencies Collaborate..." »

In observance of the Juneteenth National Independence Day, and in treating that day as a federal holiday for filing purposes, the SEC has adjusted the dates of some filings submitted last week. The EDGAR system was closed on Friday, June 18, 2021 and resumed normal operations on Monday, June 21, 2021. Continue reading "SEC Adjusts Filing Dates in Accordance with..." »

On June 22, 2021, the SEC announced amendments to Volume I of the EDGAR Filer Manual pertaining to Section 4.b and the Manual Passphrase Update Request. These updates require filers who have misplaced their passphrase to provide certain supporting documentation indicating the connection between the individual(s) requesting access and the existing EDGAR account. They must also provide documentation indicating how the individual(s) requesting access connects to the individual(s) acting on that individual’s behalf. Continue reading "SEC Announces Adoption of the Passphrase Update..." »