Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
SEC Proposes Amendments to Form N-PX - Novaworks Weblog The SEC has proposed revisions to Form N-PX to broaden the form’s scope and make it easier for investors to get vital information from mutual funds, exchange-traded funds, and other funds that report about their proxy votes.
SEC Announces EDGAR Next and EDGAR Beta - Novaworks Weblog The SEC has introduced EDGAR Next, which includes a rule with changes to the way filers access the EDGAR System to make submissions and how filers manage individuals who make submissions on their behalf.
FERC to Update eForms Refresh - Novaworks Weblog On October 1, the FERC's eForms Refresh portal will be updated to accept only XBRL filings and live filings for the upcoming 2021 deadlines can be submitted.
SEC Releases EDGAR 21.3 - Novaworks Weblog EDGAR Release 21.3 includes new submission types N-RN, 424I, and SBS DISPUTE NOTICE and also introduces a Pilot phase for filing Form 24F-2 in a structured format.
Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
FASB Publishes 2021 Investor Outreach Report - Novaworks Weblog The FASB has issued its 2021 Investor Outreach Report, which details the investor outreach program, the program’s activities during the last year, and the ways the FASB intends to continue expanding on its goals to broaden investor outreach efforts.
SEC Disclosure Data API Now Available - Novaworks Weblog The SEC has announced that an Application Programming Interface (API) is now available for structured financial data, giving developers fast and easy access to EDGAR information for corporate disclosures.
XBRL US to Host Data Quality Committee Web Conference - Novaworks Weblog XBRL US’ Data Quality Committee (DQC) will host a virtual meeting on Wednesday, September 29, 2021 for industry leaders to further engage in discussions and plans to establish rules and guidance for public corporations complying with the SEC’s XBRL requirements.
FERC Approves New Identifier Requirements - Novaworks Weblog The FERC has approved modifications to the to the data dictionary and XML schema used in its Data Collection for Analytics and Surveillance and Market-Based Rate Purposes proposal.
SEC Releases Substituted Compliance Determination for France - Novaworks Weblog The SEC has announced the adoption of a substituted compliance determination order regarding security-based swap dealers and major security-based swap participants (SBS Entities) subject to regulation in the French Republic (the French Order).
SEC Applies New Rate Control Limits to EDGAR Websites - Novaworks Weblog The SEC has begun limiting automated searches to no more than 10 requests per second no matter the number of machines used to submit requests, which should ensure that automated searches will not affect other users’ capability to access EDGAR websites.
XBRL US to Host a Virtual Seminar to Discuss API Update - Novaworks Weblog XBRL US will host a webinar on August 11, 2021 to share updates made to the XBRL Filed Data Add-in for Excel and to discuss recent revisions to XBRL API documentation, Tools for SEC Filers, and resources on XBRL US’ Data Community page.
XBRL US DQC Releases Ruleset 16 - Novaworks Weblog XBRL US seeks public review and comment on sixteenth release of the Data Quality Committee (DQC) rules, which focus on supporting the US GAAP taxonomy.
FERC Introduces Office of Public Participation - Novaworks Weblog The FERC has recently released the Report on the Office of Public Participation (OPP), which has been established to provide the public with guidance and education concerning authorities exercised by the agency, as well as fostering public participation.
SEC Closed Monday, July 5 - Novaworks Weblog The SEC will be closed Monday, July 5 in observance of Independence Day. The EDGAR System will not receive, process or accept filings on this day.
SEC Issues XBRL Taxonomy Update - Novaworks Weblog The SEC has released a list of XBRL taxonomies currently supported by the EDGAR system and encourages filers to use the latest versions of these taxonomies in their XBRL exhibits.
SEC Announces Adoption of the Passphrase Update Amendment - Novaworks Weblog The SEC has adopted amendments to Volume I of the EDGAR Filer Manual pertaining to the Manual Passphrase Update Request such that filers are now required to provide certain supporting documentation if they have misplaced their passphase.
XBRL US to Host Virtual Data Quality Committee Meeting - Novaworks Weblog XBRL US’ DQC will host a one-hour web conference on Tuesday, June 29, 2021 for industry leaders to engage in discussions and plans to establish rules and guidance for public corporations complying with the SEC’s XBRL requirements.
SEC Announces EDGAR Release 21.2 - Novaworks Weblog The SEC has announced that it will release EDGAR 21.2 on Monday, June 21. This update will introduce multiple changes to the EDGAR filing website, as well as various changes to Form N-CEN and the introduction of the IFRS 2021 XBRL Taxonomy.
SEC Issues Annual Regulatory Agenda - Novaworks Weblog The SEC’s Office of Information and Regulatory Affairs has published the Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions, which is comprised of contributions related to the SEC and a list of short- and long-term regulatory measures.
SEC Closed Monday, May 31 - Novaworks Weblog The SEC will be closed Monday, May 31 in observance of Memorial Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of May 31 will be due the following business day.
FERC to Host Virtual 2021 EAP Exercise Design Course - Novaworks Weblog The FERC will hold a remote seminar featuring its recently developed Emergency Action Plans (EAP) Exercise Design Course to discuss both the FERC requirements that there be a comprehensive EAP exercise as well as the steps required to develop, conduct, evaluate, and follow-up on an effective exercise.
SEC Staff Issues Guidance on EDGAR Filing of Form C - Novaworks Weblog 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.
FERC Provides Clarity for Landowners and Developers - Novaworks Weblog The FERC has announced revisions made to its June 2020 Order No. 871, the rule which protects landowner rights by prohibiting construction of approved natural gas projects while the FERC considers requests for rehearing.
SEC Announces Virtual 2021 Small Business Forum - Novaworks Weblog The SEC has announced that its Office of the Advocate for Small Business Capital Formation will host the 40th Annual Government-Business Forum on Small Business Capital Formation from May 24-27, 2021.
SEC Collaborates with Agencies to Host Virtual Senior Outreach Event - Novaworks Weblog The SEC has announced that, in cooperation with the United States Attorney’s Office for the Western District of Pennsylvania, the FBI, and the Allegheny County Area Agency on Aging, will hold an online outreach event especially for American seniors on May 12, 2021.
XBRL US DQC to Host Webinar to Discuss Newest Data Quality Rules - Novaworks Weblog The XBRL US Data Quality Committee will host a webinar on May 12, 2021 to discuss the recently published 15th Ruleset, which is comprised of nine rules specific to US GAAP filers and IFRS filers, as well as support by the SEC and FASB for DQC rules.
XBRL US DQC Releases Ruleset 15 - Novaworks Weblog XBRL US seeks public review and comment on fifteenth release of the Data Quality Committee (DQC) rules, which focus on supporting the US GAAP taxonomy.
EDGAR 20.1 Security Changes - Novaworks Weblog As part of security enhancements in the forthcoming EDGAR 20.1 release, the SEC will no longer accept connections to the EDGAR system that do not follow the TLS 1.2 standard.
SEC Ramping Up Internet Security - Novaworks Weblog The SEC announced that along with EDGAR 15.3, they would also be rolling out some SSL changes. To know what the SSL changes mean at the SEC for your company, you’ll first have to take a short trip into the land of Internet security.
SEC Announces 2021 XBRL Taxonomies Update - Novaworks Weblog The SEC upgraded the EDGAR system March 22, 2021 to support the 2021 reporting taxonomies, which are the final versions of the draft taxonomies that were posted by SEC staff for public comment on September 1, 2020.
XBRL US Holds 2020 Investor Forum - Novaworks Weblog On November 17th and 18th, XBRL US held the Investor Forum 2020, which focused on investor concerns and regulator responses during the market crisis brought on by the ongoing COVID-19 pandemic and the role XBRL can and has played during times of difficulty.
SEC Releases Guidance on Scaling Errors in XBRL Filings - Novaworks Weblog The SEC has released an announcement concerning scaling errors between Entity Common Stock Shares Outstanding and Common Stock Shares Outstanding in XBRL filings advising filers that disclosures for these two elements should not differ materially without disclosed changes in capital structure..
What Is the FERC XBRL Mandate? - Novaworks Weblog FERC has revised its electronic filing format to incorporate structured data in an effort to modernize its reporting regime. FERC’s XBRL requirement will require filers to submit to quarterly and annual reports of public utilities, electric utilities, natural gas companies, oil pipeline companies, and centralized service companies in XBRL.
XBRL US DQC Releases Ruleset 13 - Novaworks Weblog XBRL US seeks public review and comment on thirteenth release of the Data Quality Committee (DQC) rules, which focus on supporting the IFRS taxonomy.
LDC #146: HTML Writer Overview - Novaworks Weblog This week’s blog is an overview of the HTML Writer Object and how it can be used to create stylized paragraphs in tables in Legato with no manual HTML coding.
LDC #123: Comparing Two Zip Files - Novaworks Weblog Figuring out which files have changed between versions of zip files can be a pain. For this blog, we are going to create a simple script to help compare the contents of two different zip files.
LDC #118: Bulk Filings Part 3 - Novaworks Weblog This week's blog post is the third part in a series about bulk filings. This week we will add a feature to add folders to the submission as well as improve performance.
LDC #106: RSS Monitor - Novaworks Weblog In this week's blog we are going to create a simple background task that monitors the SEC's RSS feed for any filings for a specific CIK.
Form ID Amendments - Novaworks Weblog The SEC has revised Volume I of the EDGAR Filer Manual and Form ID such that those who apply for EDGAR access who previously used the “Convert Paper Only Filer to Electronic Filer” process are now required to submit Form ID and an authenticating document.
SEC Releases EDGAR 21.1 - Novaworks Weblog The SEC has announced that EDGAR Release 21.1 will implement a number of updates to the EDGAR filing website on March 22, 2021.
SEC Announces New Task Force Focused on Climate and ESG Issues - Novaworks Weblog The SEC has announced the formation of a Climate and Environmental, Social, and Corporate Governance (ESG) Task Force in the Division of Enforcement, which will provide oversight concerning growing investor focus and dependence on climate and ESG-related disclosure and investment.
SEC to Hold March 11 Virtual Investor Advisory Committee Meeting - Novaworks Weblog The SEC has announced a virtual meeting of the Investor Advisory Committee that will take place on Thursday, March 11, 2021 and cover self-directed individual retirement accounts, special purpose acquisition companies, minority and underserved inclusion, and credit rating agencies.
President’s Day - Novaworks Weblog The SEC will be closed Monday, February 15 in observance of President’s Day, and the EDGAR System will not receive, process or accept filings on this day.
SEC Seeks Comment on Potential Money Market Fund Reform Options - Novaworks Weblog The SEC has published a request for public comment concerning potential reform measures to enhance the resilience of money market funds, which are utilized by both large institutions and individual retail investors and play a substantial role in short-term funding markets.
SEC Publishes Regulation S-T Rule in Federal Register - Novaworks Weblog The SEC has published “Administration of the Electronic Data Gathering, Analysis, and Retrieval System” in the Federal Register, which will aid the SEC in governing EDGAR and promoting the integrity and reliability of EDGAR submissions.
Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
LDC #103: Bringing Data Together - Novaworks Weblog In this example, we are going to take a CSV file that has partial information about registrants and then try to find additional information in a MySQL database.
LDC #85: Math Functions in Legato - Novaworks Weblog This week's blog covers creating a simple calculator using Legato. Legato offers a wide variety of math functions that we can use to program the calculator.
LDC #77: Hash It Out - Novaworks Weblog This week we are going to discuss hashing and how you can write one using Legato. Simply put, a hashing function takes arbitrary sized data and maps it to fixed size in a deterministic manner.
Birthday of Martin Luther King, Jr. - Novaworks Weblog The SEC will be closed Monday, January 18 in observance of Martin Luther King, Jr.’s birthday, and the EDGAR System will not receive, process or accept filings on this day.
New Year’s Hours - Novaworks Weblog The SEC will be closed January 1 due to the closure of the federal government for New Year's Day. The EDGAR System will not receive, process or accept filings on this day.
SEC Publishes 2020 Office of Credit Rating Reports - Novaworks Weblog The SEC has published the Annual Report on Nationally Recognized Statistical Rating Organizations (NRSROs) and the 2020 Summary Report of SEC Staff’s Examinations of Each Nationally Recognized Statistical Rating Organization, which generally concentrate on the period from June 26, 2019 to June 25, 2020.
SEC Requests Comment on Changes to Rule 144 and Form 144 - Novaworks Weblog The SEC has proposed an amendment to Rule 144 under the Securities Act of 1933 that would revise the rule's holding period determination, as well as suggesting updates and simplifications to the Form 144 filing requirements.
Christmas Hours - Novaworks Weblog The SEC will be closed December 24 and December 25 for the Christmas holiday. The EDGAR System will not receive, process or accept filings on either of these days.
SEC Establishes New Supervisory Cooperation Arrangement with CONSOB - Novaworks Weblog The SEC and the Commissione Nazionale per le Società e la Borsa (CONSOB) have announced the signing of a Memorandum of Understanding, which concerns consultation, cooperation, and the exchange of information between the two agencies regarding the supervision of regulated entities that conduct financial services business in the United States, Italy, or both countries.
Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
Novaworks Announces XBRLworks - Novaworks Weblog Novaworks is proud to announce our newest solution to XBRL-based compliance called XBRLworks, which is a streamlined, easy-to-use, web-based application that will launch with support for the new FERC XBRL mandate.
LDC #136: Using Legato to Automate Document Conversion - Novaworks Weblog One of the most important features of GoFiler is the ability to take Microsoft Office documents and turn them into EDGAR compliant documents that can be filed to the SEC. While conversion is easy to do manually in GoFiler, there is a function in Legato that can add a crucial step into an automated set of steps that can help make setting up filings a breeze. Today I will go in-depth on this function: ConvertFile
SEC Approves New Rule 15 Under Regulation S-T - Novaworks Weblog The SEC has adopted new Rule 15 under Regulation S-T to identify a number of measures the SEC may take in its governing of the Electronic Data Gathering, Analysis, and Retrieval (“EDGAR”) system in promoting the integrity and reliability of EDGAR submissions.
SEC Revises Framework for Fund Valuation Practices - Novaworks Weblog The SEC has adopted a new rule under the Investment Company Act of 1940 that will establish both the framework for fund valuation practices and the function of the board of directors regarding the fair value of a business development company or the investments of a registered investment company.
Thanksgiving Hours - Novaworks Weblog The SEC will be closed Thursday, November 26 in observance of Thanksgiving Day. The EDGAR System will not receive, process or accept filings on this day.
FERC Solicits Comments on Financial Assurance Measures for Hydroelectric Projects - Novaworks Weblog The FERC has announced that it is seeking public comment related to potential modifications to its methods for requiring financial assurance measures in hydroelectric licenses, which should help guarantee that licensees can satisfy license conditions and maintain their projects in a secure condition.
Second Fee Rate Advisory for Fiscal Year 2021 - Novaworks Weblog The SEC has issued a notice concerning new fee rates under Section 31 of the Securities Exchange Act of 1934 setting the rate for most securities transactions at $5.10 per million dollars beginning February 25, 2021.
Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
LDC #41: Align Outline Text - Novaworks Weblog Using a legato script to iterate over an HTML file with the SGML parser class, replacing chains of non-breaking spaces with a single font tag for consistent spacing in an outline-style document.
LDC #34: XBRL Merger, Part 4 - Novaworks Weblog In this last entry, we will be taking everything we have written so far and adding to it a couple of new functions to allow us to take two separate XFR files and merge the instance files together into a single file.
SEC Approves Rules to Facilitate Electronic Submission of Documents - Novaworks Weblog The SEC has approved new rules and rule amendments that will provide greater flexibility regarding documents filed with the SEC by authorizing the use of electronic signatures in authentication documents and facilitate electronic service and filing in the SEC's administrative proceedings.
SEC Releases Notice of German Substituted Compliance Application and Proposed Order - Novaworks Weblog The SEC has released a notice of a substituted compliance application by Germany’s Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), as well as a proposed order that would provide provisional substituted compliance for German firms registered with the SEC as security-based swap dealers and security-based swap participants.
SEC Creates New Office of Data Science and Innovation - Novaworks Weblog The SEC has announced it is creating a new office of Data Science and Innovation, which is intended to provide the SEC with expertise on data analytics, risk assessment, and structured disclosure, as part of its Division of Economic and Risk Analysis.
SEC Division of Enforcement Releases Annual Report for Fiscal Year 2020 - Novaworks Weblog The SEC’s Division of Enforcement has issued its annual report for fiscal year 2020, which provides details on the Division’s COVID-19-related enforcement efforts, reviews substantial actions and significant areas of strategic change, and provides a thorough look at the Division’s achievements over the past year.
SEC Revises Auditor Independence Rules - Novaworks Weblog The SEC approved final rule amendments to revise certain auditor independence requirements in Rule 2-01 of Regulation S-X to concentrate more effectively on relationships and services that may threaten an auditor’s neutrality.
FERC Proposes Changes to Price Indices Policy - Novaworks Weblog The FERC has released two proposals to revise its policy that guides price indices referenced in natural gas and electric tariffs and extend its Safe Harbor Policy to better promote voluntary reporting of wholesale natural gas and electricity transactions.
Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
LDC #155: Automatically Locking Projects - Novaworks Weblog When submitting a filing to the SEC you want everything about this filing to be checked, double checked, or even triple checked before submitting a live filing. If you are not 100% careful mistakes can happen. Just like elsewhere in life, following a set list of tasks for every filing can end up making life easier and allow you to ensure that mistakes are minimized as much as possible. Luckily there is a task list feature in GoFiler that we can access through Legato. This means that we can take steps to ensure that the same process gets followed every time that a filing gets created.
LDC #151: Exiting the Application - Novaworks Weblog In Legato you can make all sorts of different scripts that do many different tasks. A majority of these tasks come while you are working inside of GoFiler or another application, and when these are finished you simply return out of the script and the application continues on as normal. Sometimes, however, you are performing a task that must end with finality. In this case you can exit the program that is running your script. Today we are going to look at the ways in which you can accomplish this, how they are different, and times in which you would use each.
LDC #147: A Look Back in Time - Novaworks Weblog We started this blog in September of 2016, releasing one article a week (with only a few exceptions) for a total of 147 articles over 151 weeks, each article illustrating various features of the Legato scripting language. With so many articles available to reference I thought I would take the time this week to put together a picture of where we have been in a way that will make it easy to find previous topics that have been covered. This way no matter whether you have been a faithful reader since the beginning or if you have only found us recently you can have a place to easily find where and when we have covered a topic. This is by no means a comprehensive list, but intended to be a resource to find if we have covered a topic you may have questions about.
LDC #143: Table Mapping Tools - Novaworks Weblog Working with text inside of tables when looking at HTML code can sometimes be a daunting task. Looking at rows of code that are rows and columns can be difficult, especially when trying to write a script to read text from within a table. Keeping track of what row and cell you are in sometimes can feel like an entire script in itself. Luckily for us we have a number of functions in Legato that can allow us to read data from a table as though we were looking at a spreadsheet. This means that we can focus on developing tools to focus on aggregating the data itself rather than reinventing the wheel every time that we want to retrieve data from a table.
LDC #140: Using Legato to Ease the Creation of 8-K Cover Pages: Part 2 - Novaworks Weblog This week we are going to move forward with our creation of a tool to allow us to fill out a Form 8-K cover page. Last blog we started our process by creating a script that showed how to use the HTML templates to create a custom template that runs a Legato script. This week we are going to expand on that concept, redesigning the script to be able to work with multiple form types and adding in the ability to add expandable lists into each form.
LDC #138: Using Legato to Ease the Creation of 8-K Cover Pages - Novaworks Weblog The SEC recently updated the requirements for what information should be included on a number of the cover pages for their forms. GoFiler already has templates for a lot of common forms like the 8-K, 10-Q, and 10-K, but I had an idea that would eventually make creating these cover pages even easier than they already are by putting the power of Legato to work. The current templates simply create a blank cover page with empty areas to enter data in the Page View edit window. My script will prompt the user to provide the information in a simple form when they create the document and automatically place that data on the cover page.
LDC #131: Building a Section 16 Data Scraper, Part 4: Dialog - Novaworks Weblog It?s time to finish up our full script for our Section 16 data scraper. In the first three parts of this series we completed a base script that would go out to the SEC?s website, download all of the filings from a particular CIK, cache all of the Section 16 filings, find all of the reported transactions, put those transactions into a CSV file, and then read all of those transactions and figure out which of those transactions are current holdings. This week we are going to finish up by creating a dialog and adding our script functionality into the dialog.
LDC #129: Building a Section 16 Data Scraper, Part 3: Analysis - Novaworks Weblog It's time to finish up our base script for our Section 16 data scraper. In the first two parts of this series we started a script that would go out to the SEC's website, download all of the filings from a particular CIK, cache all of the Section 16 filings, find all of the reported transactions, and put those transactions into a CSV file. This week we are going to finish up the base functionality by reading through all of the transactions and finding the current holdings. Additionally we are going to perform a large amount of refactoring as well as add in the functionality to look at reported holdings.
LDC #122: Building a Section 16 Data Scraper, Part 2: Aggregation - Novaworks Weblog A few weeks ago we started building a Section 16 Data Scraper with the intention of a user being able to enter a CIK and Legato downloading all of the CIK’s Section 16 filings, putting the data together into a spreadsheet, and then being able to start a Section 16 filing by using that data as an entry point. At the end of the last post we had a script that would go out and download all of a singular CIK’s filings. It would also cache any filings it saw so that we were only downloading each individual filing once. This week we are going to continue onward and code a system to scrape useful data out of the filings and put it together into a CSV file.
LDC #117: Building a Section 16 Data Scraper, Part 1: Collection - Novaworks Weblog If you are not familiar with the term Section 16, Section 16 is a section of the Securities Exchange Act of 1934. In fact, it is section 16 of the act. Section 16 is a way to attempt to mitigate insider trading at companies. It states that any person who is a director of the company, an officer of the company, or a 10% or more beneficial owner, directly or indirectly, they must file Forms 3, 4, and 5. These forms report the level of equity interests whenever a significant change occurs. The terms that you will see referenced here are reporting owner, who is the person of interest here, and issuer, who is the company that in which the reporting owner has equity.
LDC #111: Back To The Log - Novaworks Weblog About a year ago I wrote a blog with the basics of how logs work with GoFiler and Legato. At the end I mentioned that in a future blog post we would talk more about what you can do with log objects. Today we are going to do just that. This blog assumes that you have read the previous blog and understand the basics of the log object.
SEC Proposes Conditional Exemptive Order for Finders Aiding Small Businesses with Raising Capital - Novaworks Weblog The SEC has proposed a new limited, conditional exemption from broker registration requirements for finders who assist issuers with raising capital in private markets from accredited investors, which would allow natural persons to participate in certain limited activities involving accredited investors without being registered as brokers with the SEC.
SEC Releases Report on Credit Market Interconnectedness and the Effects of COVID-19 - Novaworks Weblog The SEC has published a report entitled “US Credit Markets: Interconnectedness and the Effects of the COVID-19 Economic Shock”, which focuses on the origination, distribution, and secondary market flow of credit across the US credit markets. SEC staff will also host a roundtable on Interconnectedness and Risk in US Credit Markets to explore these and other related issues on the afternoon of October 14th.
SEC Adds Clarity, Efficiency, and Transparency to Its Whistleblower Award Program - Novaworks Weblog The SEC has voted to adopt revisions to its congressionally mandated whistleblower program rules, which authorizes the SEC to make monetary awards to eligible individuals who voluntarily provide original information about violations of the securities laws when it leads to successful SEC enforcement actions.
MSRB Seeks Public Input on Its Strategic Goals and Priorities - Novaworks Weblog The Municipal Securities Rulemaking Board (MSRB), which is responsible for safeguarding the integrity of the roughly $4 trillion municipal securities market, released a statement requesting public comment on its upcoming strategic goals and priorities.
FERC Presents the 2020 Annual Report on Enforcement - Novaworks Weblog The FERC released its 2020 Annual Report on Enforcement, which provides information about the Office of Enforcement’s activities over the last fiscal year, including audits, litigation filings, and settlements.
Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
FERC Affirms and Clarifies PURPA Final Rule - Novaworks Weblog On November 19, the FERC affirmed Order No. 872, the final rule that amended regulations implementing sections 201 and 210 of the Public Utility Regulatory Policies Act of 1978 (PURPA).
Legato Developers Corner #19: Message Boxes - Novaworks Weblog Whenever you are writing a script, getting information to and from users is always a very important (and often complicated) part. There needs to be a way to notify the user that something has happened or to ask a user a simple question. Legato provides a basic interface for performing these tasks using message boxes
LDC #84: Dialog Boxes Part III — List Boxes - Novaworks Weblog Allowing the user to select items or review lists of data is fundamental to many interfaces. In this blog, I will cover the "listbox" common control, one of many methods of presenting and managing lists of data.
LDC #88: Dialog Boxes Part IV — Combo Boxes - Novaworks Weblog Combo boxes, as the name implies, combine the functionality of an edit control with that of a list box. In this article we will look at the functionality of combo boxes and explore their implementations.
Legato Developers Corner #12: Understanding Strings - Novaworks Weblog One of the design goals of Legato was to make it easy for programmers to process and manage textual information. To that end, there are hundreds of string functions in Legato that simplify parsing and manipulating text.
LDC #145: Using the Debug View - Novaworks Weblog This blog will discuss the basic functionality of Debug View which allows a programmer to view and inspect the details of variables while the target script program is running.
LDC #38: Save and Open Dialogs - Novaworks Weblog This week we're going to talk about using save and open file dialogs with Legato. We're going to go into detail about what you can do to personalize these dialogs.
Legato Developers Corner #11: Sending Email With Legato - Novaworks Weblog While writing Legato scripts, a common task is to alert a user or list of users about an action taking place. One of the best ways to do this is through sending an email. Legato has a very handy built-in function EmailSendMessage, that can do this for you with very little effort. Below is a basic script that shows how you can send an email.
LDC #77: Hash It Out - Novaworks Weblog This week we are going to discuss hashing and how you can write one using Legato. Simply put, a hashing function takes arbitrary sized data and maps it to fixed size in a deterministic manner.
LDC #72: Get Crack'n - Working with URIs - Novaworks Weblog From within a Legato script one may find the need to either build a URI query or perhaps take one apart. In this post we will explore how URIs work and how to work with them within Legato.
LDC #113: Time to Relax and Unwind - Novaworks Weblog Sometimes a program engages in operations that just cannot be casually aborted without an orderly shutdown. Within Legato, there is a function that help you to just that.
LDC #116: Getting Text into Shape - Novaworks Weblog As the programmer, understanding how to format strings will make the process of making text presentable significantly faster and smoother. Legato offers an arsenal of tools to make formatting text simple and easy.
LDC #136: Using Legato to Automate Document Conversion - Novaworks Weblog One of the most important features of GoFiler is the ability to take Microsoft Office documents and turn them into EDGAR compliant documents that can be filed to the SEC. While conversion is easy to do manually in GoFiler, there is a function in Legato that can add a crucial step into an automated set of steps that can help make setting up filings a breeze. Today I will go in-depth on this function: ConvertFile
LDC #31: XBRL Merger, Part 1 - Novaworks Weblog One feature GoFiler doesn’t have natively is the ability to have multiple currency types for a single fact in XBRL. Well, we can add support for that using Legato! The new functionality will be achieved by combining two different XFR files.
LDC #32: XBRL Merger, Part 2 - Novaworks Weblog The previous post covered how to prompt the user for a pair of files, checked to make sure those files were valid XFR files that we could actually access, and finally made sure that they weren't the same files. This week we're taking it a step further by opening the files (or switching to them if they are already open), exporting them to new directories, and comparing the contents of these directories.
LDC #33: XBRL Merger, Part 3 - Novaworks Weblog This week, we?ll take it another step further by adding in the ability to read the XBRL instance files into data structures, add some debug information, and add a progress bar to the run function.
Information for Tagging Cover Page Data Using Inline XBRL - Novaworks Weblog Starting with their first 10-Q filed for a fiscal period ending on or after June 15, large accelerated filers will be required to submit interactive data using Inline XBRL, including new information on the cover page of those filings.
LDC #94: Taking Command Of GoFiler - Novaworks Weblog Legato is an extremely powerful tool that allows you take control of GoFiler by helping you to automate tasks and giving you new features. In addition to Legato, GoFiler also includes a command line API, allowing you to perform some tasks without fully opening GoFiler.
LDC #86: Uncovering the Storage Vault - Novaworks Weblog Computers are amazing at creating things like photos, videos, papers, books, Powerpoint presentations, and the ultimate combination of all of the above: Grumpy Cat memes. An essential but often invisible part of computers is the storage space where all of this stuff goes: hard drives, network drives, and other physical storage space.
LDC #28: Chrome Alignment Issue with SEC Filings - Novaworks Weblog In documents that are sufficiently large, a TABLE tag that uses left align or right align or a DIV tag that uses float left or float right can cause the document to display out of order in Google Chrome
Changes to EDGAR Redline Tagging - Novaworks Weblog With the release of EDGAR 20.3, changes will be made to the way in which filers can redline revisions in their submissions to the EDGAR system. These changes allow for revisions within Inline XBRL.
SEC Updates the Accredited Investor Definition - Novaworks Weblog The SEC has adopted amendments to the accredited investor definition, which is one of the primary criteria for determining which entities and investing professionals are eligible to participate in private capital markets.
First Fee Rate Advisory for Fiscal Year 2021 - Novaworks Weblog The SEC announced the first fee rate advisory for the fiscal year 2021, which will go into effect on October 1, 2020. Under this new rate, the fees that public companies and other issuers pay to register their securities with the SEC will be set at $109.10 per million dollars, a drop from $129.80 per million dollars.
https://www.novaworkssoftware.com/images/blog/2020-EDGAR_cybersecurity.jpg The SEC proposed a new rule to aid in its administration of EDGAR. This new rule Rule 15 under Regulation S-T should allow the SEC to continue to promote the integrity and reliability of EDGAR submissions at a time when submissions to the system are rapidly increasing in volume.
Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
XBRL US DQC Releases Ruleset 14 - Novaworks Weblog XBRL US seeks public review and comment on fourteenth release of the Data Quality Committee (DQC) rules, which focus on supporting the IFRS taxonomy.
Information for Tagging Cover Page Data Using Inline XBRL - Novaworks Weblog Starting with their first 10-Q filed for a fiscal period ending on or after June 15, large accelerated filers will be required to submit interactive data using Inline XBRL, including new information on the cover page of those filings.
EDGAR Technical Updates - Novaworks Weblog The SEC is aware that recent technical updates to the EDGAR system are causing issues that are inconveniencing filers and is working to resolve them.
SEC Proposes to Modernize Fund Shareholder Reports and Disclosures - Novaworks Weblog The SEC has proposed comprehensive modifications to the mutual fund and exchange-traded fund disclosure framework that would feature concise and visually engaging shareholder reports to highlight pertinent information that retail investors use to monitor their fund investments.
IFRS Trend Analysis 2019 - Novaworks Weblog The SEC’s Division of Economic and Risk Analysis has released its analysis of custom tag usage in financial filings using the IFRS taxonomy submitted to the SEC.
US GAAP Trend Analysis 2019 - Novaworks Weblog The SEC’s Division of Economic and Risk Analysis has released its analysis of custom tag usage in financial filings using the US GAAP taxonomy submitted to the SEC.
SEC Proposes Amendments to Update Form 13F - Novaworks Weblog The SEC is considering amendments to Form 13F that would update the reporting threshold for institutional investment managers from $100 million of aggregate market value to $3.5 billion and make other targeted changes.
SEC Adopts Amendments to Exemptive Applications Procedures - Novaworks Weblog The SEC announced that it has voted to adopt rule amendments that will establish an expedited review procedure for exemptive and other applications under the Investment Company Act that are substantially identical to recent precedent.
SEC Closed Friday, July 3 - Novaworks Weblog The SEC will be closed Friday, July 3 in observance of Independence Day. The EDGAR System will not receive, process or accept filings on this day.
EDGAR Technical Difficulties Update - Novaworks Weblog The SEC has indicated that there are ongoing technical difficulties with accessing the EDGAR system. Their EDGAR technical teams are actively working to resolve the issues, and updates will be provided as soon as they are available.
Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
Notice Regarding the Fee Rate Table - Novaworks Weblog With the release of the new SEC fee rate table, the SEC changed the location of the table on their website. To correct the fee rate table in the software, download the patch.
LDC #25: Enumerating Menu Functions - Novaworks Weblog This week we’re going to examine a script that can enumerate the menu functions. The capacity to hook custom functions through the GoFiler menu is a powerful aspect of Legato scripting.
Financial Regulators Modify Volcker Rule - Novaworks Weblog Five federal agencies including the SEC finalized changes related to the Volcker rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds.
SEC Extends Relief for Virtual Meetings of Fund Boards - Novaworks Weblog The SEC announced that the conditional relief from the in-person voting requirements for fund boards will be extended. This relief was originally provided in March 2020 and will now extend at least through December 31, 2020.
FinHub to Host Virtual Meet-Ups - Novaworks Weblog The SEC’s Strategic Hub for Innovation and Financial Technology (FinHub) has announced it will be conducting virtual peer-to-peer meet-ups. FinHub staff will meet virtually with innovators, entrepreneurs, or firms that wish to discuss issues related to that series’ theme.
SEC Closed Monday, May 25 - Novaworks Weblog The SEC will be closed Monday, May 25 in observance of Memorial Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of May 25 will be due the following business day.
SEC Announces Virtual 2020 Small Business Forum - Novaworks Weblog The SEC announced that it will host its 39th annual Government-Business Forum on Small Business Capital Formation, which is a unique opportunity for members of the public and private sectors to gather and craft suggestions for policies impacting emerging businesses, on the afternoon of June 18, 2020.
SEC to Host Roundtable on Emerging Markets - Novaworks Weblog The SEC has announced that it will hold its staff roundtable on July 9th. This roundtable permits the staff to hear the opinions of investors, regulators, industry experts, and other market participants on the risks of investing in emerging markets, including China.
SEC Adopts Amendments to the CAT NMS Plan - Novaworks Weblog The SEC adopted amendments to the national market system plan governing the consolidated audit trail. These changes will bring additional transparency, governance, oversight, and financial accountability to the national market system.
Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
The Importance of Disclosure for Municipal Markets - Novaworks Weblog The COVID-19 pandemic has created uncertainties in the financial status of state and local governments as well as special purpose entities. To address some of those uncertainties, the SEC has issued a statement with observations and requests about the disclosures of municipal market participants.
SEC Releases COVID-19 Related FAQs - Novaworks Weblog The SEC’s Division of Corporation Finance has released information for filers related to disclosure requirements during the COVID-19 pandemic. This guidance may be supplemented or amended as the situation with the pandemic continues to evolve.
SEC Forms Cross-Divisional COVID-19 Market Monitoring Group - Novaworks Weblog The SEC is forming an internal, cross-divisional COVID-19 Market Monitoring Group, which will assist the SEC and its various divisions and offices in SEC and staff actions and analysis related to the effects of COVID-19 on markets, issuers, and investors, including main street investors.
SEC Statement Regarding Requirements for Certain Paper Documents in Light of COVID-19 Concerns - Novaworks Weblog The SEC’s Division of Corporation Finance released a statement regarding the requirements for certain paper documents given the impacts of the COVID-19 pandemic. The staff of the division recognizes that submitting particular forms (with the exception of Forms 144) may be difficult in the current circumstances, so email submissions will be permissible under certain conditions.
Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
Notice Regarding HTML with Long Lines and Duplicate Filings - Novaworks Weblog There are two significant issues that are currently affecting filers: a) issues with HTML code generated by software other than GoFiler that can result in data loss if the HTML code contains no line returns; and b) SEC changes to the EDGAR system that are affecting the filing and acceptance response time and performance.
XBRL US Releases Taxonomy Development Handbook - Novaworks Weblog The XBRL US Domain Steering Committee has released the XBRL Taxonomy Development Handbook, which unites the XBRL technical specifications with easy to follow guidance presented in a logical fashion and complete with simple examples.
How To Handle Heavy EDGAR Traffic - Novaworks Weblog Monday, November 14, 2016 is a day that some will remember as nerve-wracking. At about quarter after 4PM, e-mail messages started being exchanged among members of the EDGAR Filing Consortium, asking if anyone was experiencing problems transmitting filings to the SEC.
Form ID and Notorization Issues - Novaworks Weblog The SEC is addressing Form ID notorization issues and other issues with notorization that will impact access to information on the EDGAR system during the COVID-19 pandemic.
SEC Takes Actions to Assist and Provide Relief During COVID-19 Outbreak - Novaworks Weblog The SEC announced regulatory relief for funds and investment advisers whose operations may be affected by the coronavirus. This relief information covers in-person board meetings and certain filing and delivery requirements for particular investment funds and investment advisers.
Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
SEC Provides Guidance to Promote Shareholder Engagement for Companies and Funds Affected by COVID-19 - Novaworks Weblog The SEC published guidance to assist public companies, investment companies, shareholders, and other market participants affected by COVID-19 with their upcoming annual shareholder meetings. This guidance is designed to facilitate the ability of companies to hold these important meetings while complying with the federal securities laws and maintaining social distancing.
SEC Requests Comment on Fund Names Rule - Novaworks Weblog The SEC announced that it is requesting comment on its current requirements restricting the use of potentially misleading fund names, which can have a significant impact on an investment decision
SEC Releases EDGAR 20.1.1 - Novaworks Weblog On March 9, 2020, EDGAR Release 20.1.1 was released by the Securities and Exchange Commission. This release includes support for the new 2020 XBRL taxonomies as well as a change that permits filers to annotate their filing-specific custom elements.
SEC Proposes to Modernize and Enhance Financial Disclosures - Novaworks Weblog The SEC has proposed amendments to modernize, simplify, and enhance particular financial disclosure requirements in Regulation S-K, which would eliminate duplicative disclosures and update and enhance Management's Discussion and Analysis (MD&A) information.
Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
SEC Releases EDGAR 20.1 - Novaworks Weblog On Jan. 27, EDGAR 20.1 was released by the SEC. This release includes changes to Form ATS-N, a new “accelerated filer status” field on a number of form types, and an upgrade to require TLS 1.2 when connecting to the EDGAR System.
New Year's Hours - Novaworks Weblog The SEC will be closed January 1 due to the closure of the federal government for New Year's Day. The EDGAR System will not receive, process or accept filings on this day.
Christmas Hours - Novaworks Weblog The SEC will be closed December 24 and December 25 due to the closure of the federal government in these two days. The EDGAR System will not receive, process or accept filings on either of these days.
Thanksgiving Hours - Novaworks Weblog The SEC will be closed Thursday, November 28 in observance of Thanksgiving Day. The EDGAR System will not receive, process or accept filings on this day.
Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
SEC Closed Monday, October 14 - Novaworks Weblog The SEC will be closed Monday, October 14 in observance of Columbus Day. The EDGAR System will not receive, process or accept filings on this day.
Novaworks Weblog Latest financial reporting news and commentary from Novaworks, including SEC news, EDGAR changes, XBRL coverage, and compliance software updates.
Notice to Users Regarding CUSIP Database - Novaworks Weblog The SEC’s latest update to the published CUSIP database contained an internal formatting change that causes some issues with the Form 13F CUSIP tools. We are providing a workaround for users.
Webinar: Transitioning to Remote Operation with GoFiler - Novaworks Weblog To aid our clients in their efforts to transition to telecommuting and remote work, we are offering a webinar on Tuesday, March 24 from 11:00am to 12:00pm EDT that will cover the different methods of deploying GoFiler remotely.
How We’re Addressing COVID-19 - Novaworks Weblog With the emergence and spread of COVID-19 in the US, Novaworks has been preparing to ensure that this event causes minimal disruption to the services and software we provide for our clients.
Interim Release of GoFiler (5.2ab) - Novaworks Weblog Version 5.2ab of all applications in the GoFiler Suite has been released. This is an interim release that addresses issues arising from Windows 10 Feature Update 1909.
New Release (5.1c) for the GoFiler Family of Products - Novaworks Weblog Version 5.1c of all applications in the GoFiler Suite has been released. This release contains improvements to XDX editing, validation, and processing as well as improvements for Page View, XBRL View, and other EDGAR forms.
SEC Releases EDGAR 19.3 - Novaworks Weblog On September 30, 2019, the SEC released EDGAR 19.3. This release includes new EDGAR filing password tagging requirements and a new exhibit EX-96 (Mining Disclosure).
Interim Release of GoFiler (5.0bc) - Novaworks Weblog Version 5.0bc of all applications in the GoFiler Suite has been released. This is an interim release with improvements and corrections for creating inline XBRL.
Federal Energy Regulatory Commission Adopts XBRL - Novaworks Weblog The Federal Energy Regulatory Commission (FERC) is revising its electronic filing format for particular data collections to use XBRL, making it easier for filers to submit information and for data analyzers to use that information.
SEC Closed Thursday, July 4 - Novaworks Weblog The SEC will be closed Thursday, July 4 in observance of Independence Day. The EDGAR System will not receive, process or accept filings on this day.
Inline XBRL and Funds - Novaworks Weblog With compliance dates approaching, reviewing the SEC’s mandate for operating companies and funds that they report their financial information in Inline XBRL is important.
SEC Releases EDGAR 19.2 - Novaworks Weblog On June 10, 2019, EDGAR Release 19.2 was released by the SEC. This release included new cover page tagging requirements for certain forms filed in Inline XBRL among other changes.
SEC Closed Monday, May 27 - Novaworks Weblog The SEC will be closed Monday, May 27 in observance of Memorial Day. The EDGAR System will not receive, process or accept filings on this day.
Server Maintenance Scheduled for Saturday, May 18 - Novaworks Weblog Novaworks' webserver will be undergoing maintenance and inaccessible on Saturday, May 18th from 8:00 AM EST to 10:00 PM EST. During this period, our email, including support@novaworkssoftware.com, may also be offline.
SEC Releases EDGAR 19.1 - Novaworks Weblog On March 11, the SEC released EDGAR Release 19.1, which contains expanded support for Inline XBRL and for the 2019 taxonomies and changes to a number of EDGAR XML forms.
New Release (4.25c) for the GoFiler Family of Products - Novaworks Weblog Version 4.25c of all applications in the GoFiler Suite has been released. This release contains a number of improvements to Form N-CEN View, Form SDR View and Form ABS-EE View. Additionally, improvements and corrections were made to Page View and to general file recovery across all software platforms.
SEC Resumes Normal Operation - Novaworks Weblog On Friday, President Trump signed a bill to reopen the federal government for three weeks until February 15. As of Monday, January 28, the SEC is currently open and fully staffed with a return to normal operations.
SEC Closed Monday, January 21 - Novaworks Weblog The SEC will be closed Monday, January 21 in observance of Martin Luther King, Jr. Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of January 21 will be due the following business day.
SEC Brings Charges in EDGAR Hacking Case - Novaworks Weblog On January 15th, the SEC announced charges against nine defendants for participation in a previously disclosed scheme to hack into the EDGAR system from May to October 2016 for the purposes of illegal trading.
XBRL US Data Quality Releases Eighth Ruleset for Comment - Novaworks Weblog The XBRL US Center for Data Quality has released the eighth set of rules and is seeking comment during a public exposure period ending February 1, 2019. The two rules in this release are for both the US-GAAP and IFRS taxonomies.
New Year's Hours - Novaworks Weblog The SEC will be closed Tuesday, January 1 in observance of New Year’s Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of January 1 will be due the following business day.
Christmas Hours - Novaworks Weblog The SEC will be closed Monday, December 24 and Tuesday, December 25 in observance of Christmas Eve and Christmas Day. The EDGAR System will not receive, process or accept filings on these days. Filings with a due date of December 24 or 25 will be due the following business day.
EDGAR Closed Wednesday, December 5 - Novaworks Weblog The EDGAR system will be closed Wednesday, December 5 in observance of a national day of mourning for former President George H.W. Bush. The EDGAR System will not receive, process or accept filings on this day.
SEC Trend Analysis for 2018: IFRS Custom Tag Rates - Novaworks Weblog DERA recently analyzed XBRL exhibits submitted to EDGAR to determine if IFRS filers were being consistent with US-GAAP filers in terms of their use of custom tags during this first year of required XBRL filings.
Thanksgiving Hours - Novaworks Weblog The SEC will be closed Thursday, November 22 in observance of Thanksgiving Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of November 22 will be due the following business day.
SEC Releases Report On Investor Testing - Novaworks Weblog As part of their ongoing efforts to help address investor confusion about the nature of their relationships with investment advisers and broker-dealers, the SEC released a report on investor testing to the public on November 7th.
SEC Enforcement Division Issues Report on FY 2018 Results - Novaworks Weblog The SEC’s Enforcement Division issued its annual report of its ongoing efforts to protect investors and market integrity on November 2nd, 2018. The report highlights several significant actions and initiatives that took place in FY 2018.
SEC Issues Statement on Business Conduct Standards for Security-Based Swap Transactions - Novaworks Weblog On October 31, the SEC issued a statement setting forth its position for a limited time period concerning specific provisions of its Business Conduct Standards for Security-Based Swap (SBS) Dealers and Major Security-Based Swap Participants (Entities). Certain actions with regard to these provisions will not provide a basis for a Commission enforcement action.
N-PORT Pilot Phase 3 - Novaworks Weblog The third pilot phase for N-PORT filers began on October 1, 2018. From October 1 through March 31, 2019, filers will be able to submit test filings of the N-PORT forms to EDGAR.
SEC Releases EDGAR 18.3 - Novaworks Weblog On October 1, 2018, EDGAR Release 18.3 was released by the Securities and Exchange Commission. This release contains changes to the N-CEN and N-PORT EDGAR forms and improvements to EDGAR XBRL validation.
SEC Releases EDGAR 18.2 - Novaworks Weblog On July 9, 2018, EDGAR Release 18.2 was released by the Securities and Exchange Commission to update various EDGAR forms and add support for the IFRS 2018 XBRL taxonomy.
SEC Mandates Inline XBRL - Novaworks Weblog On June 28, 2018, the SEC voted to require registrants to use Inline XBRL for the submission of financial statement information and fund risk/return summary information.
SEC Releases EDGAR 18.1 - Novaworks Weblog On March 12, 2018, EDGAR Release 18.1 was released by the Securities and Exchange Commission. This release introduces new form types SF-1MEF and 486BXT and contains various changes and corrections to other forms.
SEC Introduces Diversity Assessment Report - Novaworks Weblog The SEC Office of Minority and Women Inclusion introduced its Diversity Assessment Report for Entities Regulated by the SEC, designed to help regulated entities conduct voluntary self-assessments of diversity policies and practices.
2017: The Year in EDGAR - Novaworks Weblog In 2017, there were a number of new changes in EDGAR compliance and new developments in SEC regulations. As we head into 2018, let’s recap some of the most significant changes that happened last year.
CFA Investor Forum Discusses Who's Using XBRL and Why - Novaworks Weblog At CFA’s Investor Forum 2017, a panel of industry experts discussed case studies that illustrate XBRL’s use in accounting and financial reporting and the rationale behind its adoption. This panel discussed different ways in which XBRL is employed in the financial sector.
SEC Releases EDGAR 17.3 - Novaworks Weblog EDGAR 17.2 has been released by the Securities and Exchange Commission with a pilot phase for filing Form N-CEN and Form N-PORT among other updates.
SEC Releases EDGAR 17.2 - Novaworks Weblog EDGAR 17.2 has been released by the Securities and Exchange Commission with changes to a number of forms, including new fields for designating a registrant's status as an Emerging Growth Company.
SEC Expands JOBS Act Benefit to All Companies - Novaworks Weblog The SEC Division of Corporation Finance announced that it will permit all companies to submit draft registration statements relating to initial public offerings for review on a non-public basis.
A Guide to XBRL Taxonomy Migration - Novaworks Weblog This article discusses what can change in a taxonomy update, how to identify those changes, and how to determine what, if anything, needs to be done to your XBRL filing to incorporate the changes.
SEC Publishes IFRS Taxonomy - Novaworks Weblog The SEC recently published the IFRS taxonomy, allowing foreign private issuers to begin submitting their financial reports to EDGAR using XBRL.
SEC Releases EDGAR 17.0.2 - Novaworks Weblog EDGAR 17.0.2 has been released by the SEC. This release primarily contained updates to add two phase authentication when a filer resets a passphrase. Other changes affect Forms X-17A-5 and X-17A-5/A.
What To Expect in 2017 - Novaworks Weblog There are quite a few changes that SEC filers can expect in the upcoming year. Regulations become effective and compliance dates are set that may impact financial reporting.
SEC Releases EDGAR 16.4 - Novaworks Weblog On December 12, 2016, EDGAR 16.4 was released by the Securities and Exchange Commission. This release primarily contained updates for Form MA and Form ABS-EE.
Proposed 2017 UGT Introduces New Structures For Preparing XBRL - Novaworks Weblog The 2017 US GAAP Taxonomy is going to introduce some rather drastic changes to the way XBRL is prepared. While these changes are proposed for only a few small sections of the taxonomy for now, it looks like this is going to be the shape of things to come for XBRL.
N-MFP1 vs. N-MFP2 - Novaworks Weblog We lay out the differences between Form N-MFP1 and Form N-MFP2 so you can be prepared for your next filing in November.
SEC Adopts New Rules For Investment Company Reporting - Novaworks Weblog The SEC has adopted rules to modernize investment company reporting, to require registered open-end management investment companies to establish liquidity risk management programs, and to permit such companies to use swing pricing.
SEC Releases EDGAR 16.3 - Novaworks Weblog On September 19, 2016, EDGAR 16.3 was released by the Securities and Exchange Commission. This release contained changes to Form ABS-EE and filing changes for Forms N-CR, 13H-I and 13H-T.
Customizing GoFiler through Templates - Novaworks Weblog GoFiler supports a lot of user customization to allow it to meet your exact needs. One of the primary means of customizing the software is through the use of templates.
Inline XBRL: What you need to know - Novaworks Weblog You may be wondering what Inline XBRL is and whether you should make the switch. We’ll help you gain a better understanding of Inline XBRL and what ramifications - both good and bad - you may encounter.
SEC Releases EDGAR 16.2 - Novaworks Weblog On June 13, 2016, EDGAR 16.2 was released by the Securities and Exchange Commission. We'll break down what's new in our blog, including inline XBRL.
SEC Adopts Amendments to Registration Requirements - Novaworks Weblog On May 3, 2016, the SEC adopted a final rule that amends the thresholds for registration, termination of registration, and suspension of reporting under Section 12(g) of the Securities Exchange Act of 1934.
Countdown to Form N-MFP1 - Novaworks Weblog 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. Learn more about Form N-MFP1 and GoFiler.
5 Tips for Finding Axis Elements - Novaworks Weblog If your company has been using a custom axis element in its XBRL exhibit, we'll help you review the SEC Staff observations about custom axis elements and learn some helpful tips for how to avoid using them.
The Reporting Changes Form N-MFP1 Will Bring - Novaworks Weblog The SEC’s changes to Form N-MFP will take effect on April 14, 2016. After this date, filers will need to submit new Form N-MFP1, which contains additional fields and has some other minor changes.
House Passes HR 1675 - Novaworks Weblog Congressman Kevin Cramer announced yesterday that the House of Representatives passed H.R. 1675, the Capital Markets Improvement Act of 2016.
From the Help Desk: OMB Information - Novaworks Weblog Our support team frequently is asked about the OMB date that appears on the proof for certain EDGAR forms. While this information isn’t filed, it has raised questions from filers about what it is and why it doesn’t always appear up to date.
5 Tips for Section 16 - Novaworks Weblog We’ve compiled a list of the five most common questions the Novaworks support team is asked about Section 16 to help you confidently prepare the more unusual Section 16 filings.
New Release: SEC XBRL Viewer, Version 3.3 - Novaworks Weblog The SEC made a few changes to their EDGAR Renderer and released version 3.3 in the beginning of November. We'll provide an overview of the changes and what you can expect using the new XBRL viewer.
SEC Adopts Crowdfunding Rules - Novaworks Weblog The SEC adopted the final rule allowing companies to offer and sell securities through crowdfunding. Regulation Crowdfunding is expected to take effect during the second quarter of 2016.
Quick Guide: Schedule 13D vs. Schedule 13G - Novaworks Weblog Schedule 13D and Schedule 13G are similar forms that are used to report a party’s ownership of stock in a company. When you should file each of these schedules depends on additional criteria.
From the Help Desk: Return Copy - Novaworks Weblog The Novaworks support team frequently receives queries about images missing from SEC test filings or text being incorrectly positioned when a submission is sent with the "return copy" option enabled, so we've provided a quick lesson on what the "return copy" is and how to properly use it.
SEC Releases EDGAR 15.3 - Novaworks Weblog On September 14, 2015, EDGAR 15.3 was released by the Securities and Exchange Commission. This release contained new EDGAR forms and changes to exhibits.
New SEC FOIA Regulations - Novaworks Weblog Last month, changes to the SEC’s FOIA regulations became effective. These changes included an extension to the time frame for FOIA appeals and increased fees for processing FOIA requests.
Quick Guide: Form CORRESP - Novaworks Weblog Unlike EDGAR information, a correspondence can be sent to the SEC in multiple ways, which can raise questions about forms and exhibits with preparers.
SEC Approves Rule for Pay Ratio Disclosure - Novaworks Weblog The SEC approved a new rule that requires publicly-traded U.S firms to disclose the pay gap between their CEOs’ annual compensation and the median compensation of their other employees.