Category: SEC rules

Recently, the Securities and Exchange Commission (SEC) proposed a new rule change related to US Treasury Securities and the application of the broker-dealer customer protection rule. The goal of this rule change is to reduce risk in the US Treasury Market. This amendment would increase requirements for agencies that deal in the clearing and settlement of […]

One of the hot topics in the financial markets recently has been transparency. Right now, a lot of shareholders feel like they have been left in the dark, as it can be hard for them to figure out what to do with their securities and investments. Now, the Securities and Exchange Commission (SEC) has proposed changes […]

On Nov. 17, 2020, the SEC adopted rules and amendments to facilitate the electronic submission of documents. This press release covers a new law allowing e-signatures as the SEC’s attempt to combat the financial stress caused by Covid19 and adopted changes to the filing requirements proposed way back on Sept. 24, 2015 Facilitating electronic signatures […]

On Nov. 19, 2020, the SEC adopted amendments to specific financial disclosure requirements in Regulation S-K, proposed on Jan. 30, 2020. The commission has considered suggestions from the comment letters as well as the SEC Division of Corporation Finance. Overview: Eliminating Item 301 (Selected Financial Data): Registrants are not required to provide 5 years of […]

On March 2, 2020, the SEC adopted amendments to the financial disclosure requirements applicable to registered debt offerings under Rules 3-10 and 3-16 of Regulation S-X. Rules 3-10 and 3-16 renumbered as Rules 13-01 and 13-02 under a new article 13 in the same Regulation. The amendments will: Facilitate easy understanding of the disclosure Reduce […]

On May 21, 2020, the SEC adopted amendments to existing rules on the acquired and disposition of business disclosures required in SEC filings to help provide better financial information to investors, early access to capital, and a reduction of the complexity of the entire process. The amended regulations will allow investors to assess the significance […]

On March 12, 2020, the SEC, in its press release, announced the adoption of amendments to the definition of accelerated filers and large accelerated filers. These changes are adopted in congruence with the views of the SEC and Congress to promote capital formation, preserve capital, and reduce unnecessary burdens for small issuers and provide investor […]

The Securities Exchange Commission (SEC) recently proposed new rules that aim to create a more comprehensive approach to the regulation of funds’ use of derivatives (i.e. through business development companies and Registered Funds). The proposal is comprised of three components: new SEC Rule 18f-4 under the Investment Company Act of 1940 (“Act”); SEC Rule 15l-2 under […]

All companies have information they want to protect. Trade secrets, financial documents, and customer information to name a few. However, federal laws and regulations require companies to provide the SEC with certain information. Recently, changes have been made to relax the amount of confidential information companies must file. New amendments made to Regulation S-K now […]

The Securities and Exchange Commission (SEC) recently proposed amendments for the definitions of both an “accelerated filer” and “large accelerated filer” under the Securities Act Rule 405, Exchange Act Rule 12b-2, and Item 10(f) of Regulation S-K. Prior Smaller Reporting Company Definition Amendments Last year, the SEC amended the definition of a smaller reported company […]

The Securities and Exchange Commission (SEC) voted in August to adopt amendments designed to simplify and update disclosure requirements. These amendments were aimed to get rid of disclosure requirements that appeared to be duplicative, overlapping, or outdated. These amendments are designed to ease regulatory burdens on issuers, while facilitating disclosure to investors. The amendments became effective […]

The Securities and Exchange Commission (SEC), proposed a rule change in July to amend Securities Act Rule 701(e). The rule creates a registration exemption for securities issued by non-reporting companies pursuant to compensatory arrangements. The SEC amendments were required by the Economic Growth, Regulatory Relief, and Consumer Protection Act, and increased the threshold where issuers […]

The Securities and Exchange Commission (SEC) expanded the number of companies that qualify as a “smaller reporting company” (SRC) and the existing scaled disclosure accommodations for these SRC’s. The SEC estimates that approximately 1000 companies will now qualify for the scaled disclosures. Scaled disclosures enable companies to provide less information, specifically for executive compensation and […]

In a 4-1 vote on June 28, 2018, the Securities and Exchange Commission (SEC) voted to adopt several amendments to the existing XBRL reporting requirements. Instead of the existing requirements which mandate that companies submit XBRL exhibits along with their HTML filings for quarterly and annual financial statements, companies can now submit Inline XBRL filings. […]

In June, the Securities and Exchange Commission (SEC) adopted new public liquidity-related disclosure requirements for several open-end funds. These disclosure changes would now require funds to disclose, in either their annual or semi-annual shareholder report, the operations and effectiveness of their liquidity risk management programs. These amendments would replace the current pending requirement that funds […]