In December 2024, the SEC published its semi-annual report to Congress regarding public and internal use of machine-readable data for corporate disclosures, in compliance with the Financial Data Transparency Act of 2022 (FDTA) signed into law on December 23, 2022. The FDTA requires the SEC to submit this report to both the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives every 180 days through December 23, 2029, when the provision requiring the report concludes. Continue reading "SEC Staff Issues Semi-Annual Report to Congress..." »

On January 7th, the SEC announced that it is amending rules that would require electronic filing or submission of certain forms that must be filed with or submitted to the SEC pursuant to the Securities Exchange Act and the rules and regulations under the Exchange Act. These changes apply to certain forms filed or submitted by self-regulatory organizations (SROs). Continue reading "SEC Releases Draft of New Derivatives..." »

Pursuant to an executive order issued by President Biden, the SEC will be closed on Thursday, January 9, 2025, in observance of a national day of mourning for James Earl Carter, Jr., the thirty-ninth president of the United States. {expires: 2025-01-10} Continue reading "SEC Announces EDGAR System Closure on January 9" »

The Financial Accounting Standards Board (FASB) has released for public review and comment proposed GAAP Taxonomy Improvements for the proposed Accounting Standards Update (ASU) on Topic 326, Measurement of Credit Losses for Accounts Receivable and Contract Assets for Private Companies and Certain Not-for-Profit Entities. Continue reading "FASB Issues Proposed GAAP Taxonomy Improvements..." »

Both the SEC and the FERC will be closed Wednesday, January 1, 2025, in observation of the New Year holiday. The EDGAR System will not receive, process or accept filings on that day. Filings with a due date of January 1st will be due the following business day, Thursday, January 2nd. eForms will accept filings submitted on January 1st. {expires: 2025-01-02} Continue reading "New Year’s Hours" »

The SEC has adopted amendments that would add to the revised filing and recordkeeping requirements the agency has been implementing for the past 20 years. The amendments require the electronic filing, submission, or posting of certain forms, filings, and other submissions that national securities exchanges, national securities associations, clearing agencies, broker-dealers, security-based swap dealers, and major security-based swap participants make with the SEC. Continue reading "SEC Updates the Submission of Certain Forms,..." »

The SEC will be closed on both Tuesday, December 24th and Wednesday, December 25th. December 25th is a federal holiday, and December 24th will be treated as a federal holiday for filing purposes. The EDGAR System will not receive, process or accept filings on that day. Filings with due dates of December 24th or December 25th will be considered timely if filed on Thursday, December 26th. The FERC will be closed on Wednesday, December 25th in observation of the holiday. eForms will accept filings submitted on December 25th. {expires: 2024-12-26} Continue reading "Christmas Hours" »

On December 17th, the eForms system was updated with draft Version 2025-01-01 taxonomies, validation rules, and rendering files. The Taxonomy Package also has been made accessible in the eForms portal under Taxonomy History. Continue reading "FERC Announces Latest eForms Refresh" »

On December 16th, the SEC adopted amendments to Volume II of the EDGAR System Filer Manual and related rules and forms. EDGAR Release 24.4 was deployed in the EDGAR system on December 16, 2024. Continue reading "EDGAR Release 24.4 Includes Modified Variable..." »

On December 12th, the SEC’s Office of the Advocate for Small Business Capital Formation issued to Congress its 2024 Annual Report, which details how entrepreneurs and investors are building companies together, from startups to small public companies. The report includes policy recommendations from the office, a summary of the office’s advocacy work and public engagements from fiscal year 2024, and the Small Business Capital Formation Advisory Committee’s fiscal year 2024 overview of activities. Continue reading "SEC’s Small Business Advocacy Office Issues..." »

The Financial Accounting Standards Board has released GAAP Taxonomy Improvements for two proposed Accounting Standards Updates, Interim Reporting (Topic 270): Narrow-Scope Improvements and Government Grants (Topic 832): Accounting for Government Grants by Business Entities. These proposed improvements are available for public review and comment. Continue reading "FASB Issues Proposed GAAP Taxonomy Improvements..." »

The SEC’s Office of the Chief Accountant has announced that it will hold an open meeting to consider whether to approve the 2025 final budget and accounting support fee for the Public Company Accounting Oversight Board. {expires: 2024-12-19} Continue reading "SEC Staff to Discuss 2025 Final Budget and..." »

The SEC has released its draft of the EDGAR® Filer Manual, Volume II: “EDGAR Filing” (Version 72) to prepare issuers for potential updates to the EDGAR system scheduled to be introduced in EDGAR Release 24.4 on December 16, 2024. Continue reading "SEC Publishes Current Draft EDGAR Filer Manual" »

On December 3rd, the SEC announced that the EDGAR Filer Manual (Volume I) General Information has been amended to reflect rule and form updates, the implementation of technical changes, and other minor edits adopted in its September 2024 rulemaking. For more details, please see the EDGAR Filer Access and Account Management final rule. The amendments are effective March 24, 2025. Continue reading "SEC Updates Volume I of the EDGAR Filer Manual" »