The SEC has submitted to the Federal Register a request for an extension of the current process for data collection of the Form S-1 (17 CFR 239.11), which is used by domestic issuers not eligible to use other forms to register a public offering of their securities under the Securities Act of 1933 (15 U.S.C. 77a et seq.). The data collected is intended to ensure that the information required to be filed by the SEC both allows confirmation of adherence to securities law requirements and assures that such information is accessible to the public. {expires: 2021-09-09}
The original 2009 SEC rule that made XBRL mandatory for public companies also requires interactive data as an exhibit to a Securities Act registration statement containing financial statements, for example, Form S-1 (17 CFR 239.11). Interactive data is not, however, required in association with an initial public offering.
The 30-day comment period for the proposed information collection ends on September 8, 2021. To view the Request for Comment document and find instructions on submitting comments, visit federalregister.gov.
Sources:
SEC Request for Comment on S-1 Data Collection (xbrl.us)
Extensions: Form S-1 (federalregister.gov)
