On April 25, 2016, EDGAR 16.1 was released by the Securities and Exchange Commission. This release contained new EDGAR forms for security-based swap dealers and broker-dealers and some minor changes to Form C, Form N-MFP1, and Exhibit EX-102 for Form ABS-EE.

As the deadline for the first Form N-MFP1 filing draws closer, it’s important to know what your options are for working with this new type of filing. As with Form N-MFP, the SEC is not providing any editing software so filers are essentially on their own to find a solution for creating and editing this form.

SEC staff recently released observations regarding registrants’ use of custom axis elements (or custom dimensions) in XBRL reports. The results of their analysis showed that while the overall use of custom axis elements has been declining since 2013, over half of all filers continue to use one or more custom axis elements in their annual reports.