The SEC’s Division of Examinations has released a Risk Alert, sharing initial observations from examinations of investment advisers’ compliance with the Marketing Rule, on which the Division will continue to place emphasis. Continue reading "SEC Issues Risk Alert Regarding Advisers Act..." »

The SEC’s Division of Investment Management has announced its second annual Conference on Emerging Trends in Asset Management, which will bring together academics, asset management industry participants, and regulators. The remote conference will take place on Thursday, May 16, 2024, from 9:00 a.m. to 5:00 p.m. ET. The event is free and open to the public via live webcast on sec.gov. Registration for the conference will be open through Tuesday, May 14, 2024. {expires: 2024-05-17} Continue reading "SEC to Hold Second Annual Conference on..." »

On April 17th, the SEC announced that, effective May 22, 2024, fee rates applicable to most securities transactions will be set at $27.80 per million dollars. The assessment on security futures transactions will remain unchanged at $0.0042 for each round turn transaction. These adjustments do not directly affect the amount of funding available to the SEC. Continue reading "SEC Issues Second Fee Rate Advisory for Fiscal..." »

XBRL US will host a virtual conference to discuss the SEC’s final rule for Tailored Shareholder Reports for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements. The rule introduces new requirements for annual and semi-annual shareholder reports provided by mutual funds and exchange-traded funds to highlight key information for shareholders. Under the rule, funds are required to tag their reports to shareholders using Inline XBRL, which yields machine-readable data that retail investors and other market participants may use to access and evaluate investments more efficiently. {expires: 2024-05-16} Continue reading "XBRL US Announces Webinar: SEC Rule – Tailored..." »

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 Monday, May 6, 2024, at 10:00 a.m. ET. This meeting is free and open for the public to attend. {expires: 2024-05-07} Continue reading "SEC’s Small Business Capital Formation Advisory..." »

The SEC’s Office of the Advocate for Small Business Capital Formation is hosting the 43rd Annual Government-Business Forum on Small Business Capital Formation. The forum is an event for members of the public and private sectors to gather and discuss capital raising and develop suggestions for policy impacting emerging businesses and their investors. The remote meeting will take place April 16-18, with each session beginning at 1:00 p.m. ET each day and lasting 90 minutes. Continue reading "SEC to Hold 43rd Annual Small Business Forum" »

On April 11th, the SEC announced that it has delayed the effective date for rules adopted in March 2024 under the Securities Act and Securities Exchange Act that require domestic and foreign registrants to include specific climate-related data in their annual reports and registration statements. The final rules require information about a registrant’s climate-related risks that have materially impacted, or are reasonably likely to have a material impact on, its business strategy, results of operations, or financial condition. Continue reading "SEC Delays Effective Date for Rule Related to..." »

On March 27th, the SEC adopted amendments to the “internet adviser exemption” rule, which allows certain investment advisers that provide investment advisory services through the internet to register with the SEC. In 2002, the SEC granted a narrow exception which allowed internet-based advisers to register with the SEC instead of with the states. The SEC proposed these rules in July 2023. Continue reading "SEC Adopts Amendments to Internet Advisers..." »

The SEC has adopted new Regulation SE under the Securities Exchange Act that creates a regime for the registration and regulation of security-based swap execution facilities (SBSEFs). The new regime also addresses other issues related to security-based swap execution. Continue reading "SEC Adopts New Rule Concerning Daily Market..." »

On March 27th, the SEC adopted new Regulation SE under the Securities Exchange Act that creates a regime for the registration and regulation of security-based swap execution facilities (SBSEFs). The new regime also addresses other issues related to security-based swap execution. Continue reading "SEC Adopts New Rule Regarding Security-Based..." »

The SEC reminds filers to confirm that internal links in their EDGAR filings are working properly before submitting the filings on the EDGAR system. Filers also should determine whether existing filings have broken internal links and fix those links. Continue reading "SEC Reminds Filers to Confirm Accurate Internal..." »

As of 9:30 a.m. ET on Thursday, March 21, 2024, the SEC has resolved the technical issues with its EDGAR System that involved some iXBRL filings. The EDGAR System is now operating normally. Continue reading "Updated: EDGAR Technical Difficulties with Some..." »

On March 18, 2024, the SEC upgraded the EDGAR system to Release 24.1. The system now supports the 2024 XBRL reporting taxonomies. The SEC does not anticipate the removal of the 2022 versions of any taxonomies to occur before June 2024. Continue reading "SEC Issues 2024 XBRL Taxonomies Update" »