In 2017, there were a number of new changes in EDGAR compliance and new developments in SEC regulations. These have a significant impact on financial record-keeping, financial reporting and capital formation. As we head into 2018, let’s recap some of the most significant changes that happened last year.
Thursday, December 28. 2017
2017: The Year in EDGAR
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EDGAR 17.4 Is ReleasedThe SEC Implements the Newest EDGAR VersionEDGAR 17.4 brought multiple changes, most notably the ability for Asset Backed Securities to jointly submit Forms 10-D and ABS-EE. Two new forms, N-LIQUID and CERT, were also added. |
December 11, 2017 |
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Modernizing and Simplifying Regulation S-KFAST Act Changes May Bring Inline XBRL into the MixIncluded among the SEC’s proposed amendments are requirements that the cover pages of Forms 10-K, 10-Q, 8-K, 20-F, and 40-F to be tagged in Inline XBRL. |
October 18, 2017 |
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Assistance with the Pay Ratio RuleSEC Releases Interpretive GuidanceThe SEC guidelines are meant to clarify the use of estimates, records, and other information in compliance with the Pay Ratio Rule. Pay Ratio disclosures will become mandatory in early 2018. |
September 27, 2017 |
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EDGAR 17.3 Implements N-CEN and N-PORT for TestingNew Forms Available on EDGARLink OnlineN-CEN will replace N-SAR forms and N-PORT will replace Form N-Q. The earliest compliance date with the new forms for investment companies is June 1, 2018. |
August 23, 2017 |
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New Changes Require Funds to Describe Securities Lending ActivitiesThe SEC implemented new rules that require filers to provide additional information on their securities lending activities. These changes apply to Forms N-1A, N-3, and N-CSR. |
July 13, 2017 |
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SEC Expands JOBS Act Benefit to All CompaniesAll Companies Can Now Submit Draft Registration StatementsThe SEC will permit all companies, rather than only emerging growth companies, to submit drafts of their registration statements related to initial public offerings for review on a non-public basis. |
July 6, 2017 |
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Intrastate Offerings Rules Go Into EffectRule 147A Allows Issuers To Make Out-of-state OffersThe SEC established a new rule that allows issuers to make offers accessible via an unrestricted publicly-available website (or other form of mass media) provided that the sales of securities are limited to in-state residents only. |
April 24, 2017 |
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SEC Publishes IFRS TaxonomyThe SEC approved and published the IFRS taxonomy so foreign private issuers can begin submitting EDGAR reports in XBRL. |
March 20, 2017 |
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SEC Proposes Requirement for Inline XBRLAs part of its ongoing initiative to modernize the EDGAR System, the SEC proposed changes to mandate the use of Inline XBRL in financial disclosures. These changes would be phased in over a two to three year period. |
March 6, 2017 |
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Hyperlinking to Exhibits in Company FilingsSEC Approves Rules to Make It Easier To Locate ExhibitsThis rule requires filers to insert hyperlinks to each exhibit listed in a filing's exhibit index. This greatly improves ease of access for investors and other market participants. |
March 2, 2017 |