Monday, January 22. 2024
SEC Staff to Hold Open Meeting Concerning SPACs
The SEC’s Division of Corporation Finance will hold an open meeting via webcast on sec.gov that will take place on Wednesday, January 24, 2024, at 10:00 a.m. ET. The meeting is free and open for the public to attend and will cover matters concerning special purpose acquisition companies (SPACs). {expires: 2024-01-25}
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Friday, December 29. 2023
SEC Staff Releases Report on Accredited Investor Definition
Staff from the SEC’s Divisions of Corporation Finance and Economic and Risk Analysis has prepared and issued a report in connection with the review of the accredited investor definition. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the SEC is directed to review the accredited investor definition as it concerns natural persons every four years to determine whether the definition should be revised.
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Tuesday, February 21. 2023
SEC’s Division of Corporate Finance Publishes Regulation S-K Revisions
The SEC’s Division of Corporation Finance announced that it has updated sections of its Compliance & Disclosure Interpretations (C&DIs), which make up the Division’s interpretations for Regulation S-K. The revisions include new questions and answers in Section 128D and updates to certain sections of Section 228D of Regulation S-K.
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Friday, December 09. 2022
SEC’s Division of Corporate Finance and Division of Trading and Markets to Hold Open Meeting
The SEC’s Divisions of Corporate Finance and Trading and Markets will hold an open meeting via webcast on sec.gov that will take place on Wednesday, December 14, 2022 at 10:00 a.m. ET. The meeting is free and open for the public to attend. {expires: 2022-12-15}
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Tuesday, August 30. 2022
SEC Approves Pay Versus Performance Disclosure Rules
On August 25th, the SEC announced that it has approved amendments to implement the pay versus performance provision as required by Congress in the Dodd-Frank Act. Under the newly adopted rules, registrants are required to disclose information about the relationship between executive compensation actually paid by a registrant and the registrant’s financial performance.
Continue reading "SEC Approves Pay Versus Performance Disclosure..." »Monday, March 28. 2022
SEC Staff to Hold Meeting to Discuss Special Purpose Acquisition Companies, Shell Companies and Projections
The SEC’s Divisions of Corporation Finance and Investment Management will host a meeting via webcast on sec.gov to discuss whether to propose amendments concerning special purpose acquisition companies, shell companies, and the use of projections in SEC filings. The staff will also consider a rule addressing the status of special purpose acquisition companies under the Investment Company Act of 1940. The meeting is free, open for the public to attend, and will take place on Wednesday, March 30, 2022 at 11:30 a.m. ET. {expires: 2022-03-31}
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Friday, January 28. 2022
The Divisions of Corporation Finance and Investment Management Provide Guidance Regarding the Use of Paper “Courtesy Copies”
The Divisions of Corporation Finance and Investment Management receive paper “courtesy copies” of materials from many individuals and entities when they file or submit via EDGAR, email, online form or other electronic methods of communication. Registrants frequently send marked copies of amendments to registration statements or copies of electronically filed registration statements showing modifications from previously submitted or filed versions.
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Monday, January 17. 2022
SEC’s Small Business Advocate to Hold Capital Call January 19
The SEC’s Office of the Advocate for Small Business Capital Formation will host its third annual Capital Call on January 19, 2022, from 1:00 p.m. to 2:30 p.m. EST. The call is free, open to the public, and will be webcast live on the event page. The call will explore perspectives on current capital raising issues that impact startups through small cap businesses and their investors. {expires: 2022-01-20}
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Tuesday, June 15. 2021
SEC Reminds Operating Companies of Approaching Final Phase-In Date for Inline XBRL
The SEC adopted amendments on June 28, 2018 that required filers to use Inline XBRL (iXBRL) for both operating company financial statement information and fund risk/return summary information. Filers using iXBRL are able to prepare a single document that embeds machine-readable data directly into a human-readable document. This gives data users a simpler means to view, access, and explore the contextual information of the underlying data.
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Continue reading "SEC Reminds Operating Companies of Approaching..." »
Tuesday, May 25. 2021
SEC Staff Issues Guidance on EDGAR Filing of Form C
The SEC’s Division of Corporation Finance recently provided guidance that reflects its views concerning the filing of Form C to the SEC with respect to the effectiveness of certain rule changes as introduced in Release No. 33-10884. This guidance on EDGAR filing of Form C: 1) is not a rule, regulation or statement of the SEC; 2) has neither agency approval nor disapproval; 3) has no legal force or effect; 4) does not alter or amend applicable law; and 5) creates no new or additional obligations for any person.
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Friday, December 18. 2020
SEC Approves Final Rules for the Disclosure of Payments by Resource Extraction Issuers
On December 16, 2020, the SEC adopted rules intended to achieve the statutory objective of increasing the transparency of payments to governments for the purpose of the commercial development of their oil, natural gas, and minerals by enforcing Section 13(q) of the Exchange Act. Added to the Exchange Act in 2010 by Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 13(q) instructed the SEC to issue final rules that require resource extraction issuers (entities such as oil, natural gas, and mining companies that are required to file reports under Section 13 or 15(d) of the Securities Exchange Act of 1934) annually to file a Form SD that includes information about payments that are made to the federal government or a foreign government related to the commercial development of oil, natural gas, or minerals.
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Posted by The Novaworks Team
in Corporation Finance, Novaworks News, SEC, SEC Filing Help, XBRL
at
16:21
Friday, November 20. 2020
SEC Modernizes and Enhances Management’s Discussion and Analysis and other Financial Disclosures
The SEC announced on November 19th that it has adopted amendments that will modernize, simplify, and enhance certain financial disclosure requirements in Regulation S-K. These amendments are intended to improve the focus of financial disclosures on material information for the benefit of investors while also simplifying compliance for registrants by reducing the costs and burdens. In addition, the amendments will improve the readability and navigability of disclosure documents and discourage repetition and disclosure of immaterial information.
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Wednesday, September 23. 2020
SEC Announces Final Rule for Update of Statistical Disclosures for Banking Registrants
On September 11th, 2020, the SEC announced that it has adopted the final rule for its update of statistical disclosures for bank and savings and loan registrants. The rule modifies required disclosures and classifies certain disclosures in a new Subpart 1400 of Regulation S-K. It reduces duplicative or overly similar disclosure items in other SEC rules and requirements in US GAAP and IFRS. It also replaces Industry Guide 3, Statistical Disclosure by Bank Holding Companies. These changes are intended to help investors have access to more meaningful, relevant information about these registrants, which will facilitate their investment and voting decisions.
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Wednesday, August 26. 2020
SEC Closely Observing Impact of Hurricane Laura on Capital Markets
On August 26th, the SEC announced that it will be carefully monitoring the effects of Hurricane Laura on investors and capital markets. As the SEC tracks the storm’s developments, it will consider easing regulatory requirements and extending filing deadlines for those affected by the storm.
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Continue reading "SEC Closely Observing Impact of Hurricane Laura..." »
Posted by The Novaworks Team
in Corporation Finance, Investment Management, Investor Education, SEC
at
19:03
Tuesday, July 07. 2020
SEC Statement Regarding Requirements for Paper Filings (Other than Form 144) in Light of COVID-19 Concerns
The SEC has released an additional statement concerning paper filing requirements given the ongoing logistical difficulties caused by the COVID-19 pandemic. The staff of the SEC’s Division of Corporation Finance is aware of the troubles encountered in submitting certain forms (other than Forms 144) in paper given the spread of COVID-19.
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Continue reading "SEC Statement Regarding Requirements for Paper..." »
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