On June 20th, 2017, the Securities and Exchange Commission named Robert Evans III as the Deputy Director in the Division of Corporation Finance.
Continue reading "SEC Names Robert Evans III as Deputy Director..." »Thursday, June 22. 2017
SEC Names Robert Evans III as Deputy Director in the Division of Corporation Finance
Wednesday, June 21. 2017
How To Schedule an EDGAR Filing
Through Novaworks Submission Service (NSS), it’s possible to automatically schedule filings. This is an extremely handy tool to help streamline your submission process, as not only can you prepare your filing in advance, you can also have GoFiler send it to the SEC for you and notify you and your production team of the filing’s status.
Continue reading "How To Schedule an EDGAR Filing" »Thursday, June 15. 2017
Styles Come and Go; Consistency Is Timeless
A taxonomy style guide isn’t about creating a memorable “style”. The style guide is about building clear, transparent, understandable standards that result in predictable communication every time. XBRL relies on a taxonomy of concepts to identify facts, contexts and other relationships. Any ambiguity in the language used within that taxonomy to communicate data, could produce inconsistent results.
Continue reading "Styles Come and Go; Consistency Is Timeless" »Wednesday, June 14. 2017
Public Comments Available for SEC's Proposal for Inline XBRL Tagging
In March, the SEC introduced proposed changes to include Inline XBRL Tagging in financial filings. We covered these proposed amendments in this blog post. The public comment period recently ended on May 16th, and the comments are available to read here. XBRL US offered one such comment on the proposed requirements to include Inline XBRL in financial filings, and in it expressed agreement that inclusion on Inline XBRL will help to improve the quality of reported structured financial data while reducing the burden on filers.
Continue reading "Public Comments Available for SEC's Proposal..." »Monday, June 12. 2017
The House of Representatives Passes the Financial CHOICE Act
On Thursday, June 8th, the House of Representatives passed the Financial Creating Hope and Opportunity for Investors, Consumers, and Entrepreneurs Act (the Financial CHOICE Act) along mostly partisan lines. This act would reverse or change many of the reforms of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was passed into law in 2010 in response to the financial issues seen in the Great Recession.
Continue reading "The House of Representatives Passes the..." »Thursday, June 01. 2017
Form N-1A: New Changes Require Funds To Describe Fund Share Redemption Procedures
Filers must comply with the amendments to the registration form used by open-end funds (Form N-1A) that require funds to describe their procedures for redeeming fund shares starting today, June 1, 2017.
Continue reading "Form N-1A: New Changes Require Funds To..." »SEC Fee Rate Advisory #3 for 2017
Starting on July 4, 2017, the fee rates applicable to most securities transactions will be set at $23.10 per million dollars. Each SRO will continue to pay the SEC a rate of $21.80 per million for covered sales occurring on charge dates through July 3, 2017, and a rate of $23.10 per million for covered sales occurring on charge dates on or after July 4, 2017.
Continue reading "SEC Fee Rate Advisory #3 for 2017" »