SEC

SEC Propose Amendments to Acquisitions and Dispositions Disclosures

By Editor

The Securities and Exchange Commission (SEC) has proposed amendments and improvements to disclosure rules relating to mergers and acquisitions (and the sale of business assets) and is now seeking comments. The amendments seek to balance the need to provide investors with the information they need to effectively understand the impact of significant acquisitions or disposals with the […]

Read more

A Deep Dive into SEC Amendments

By Editor

Harvard Law School’s Forum on Corporate Governance and Financial Regulation have published a deep dive into the SEC’s most recent disclosure amendments as part of their series on disclosure simplification.

Read more

SEC Releases Digital Assets Framework

By Editor

The Securities and Exchange Commission (SEC) have released a framework to help clear up the confusionsurrounding buying and selling digital assets eg. initial coin offerings (ICOs) and cryptocurrencies. Yes, the market for crypto assets has crashed, but there is still a trickle of activity! Perhaps anticipating increased interest in the future, numerous regulators have published, […]

Read more

FAST Act seeks to Simplify Disclosure

By Editor

More and more markets around the world are shifting to Inline XBRL. Interesting news out of the SEC at the end of March – the US regulator will introduce mandated Inline XBRL tagging for the cover sheets of a number of key documents. Already shifting financial statement disclosures for SEC registrant public companies (both foreign […]

Read more

XBRL US Support Quarterly Filing

By Editor

On 21 March XBRL US submitted a comment letter stating their support for quarterly filings in response to the SEC’s request for input on the effects of mandated quarterly reporting.

Read more

SEC Proposes XBRL for Specialised Capital

By Editor

The SEC has proposed reforms to the rules governing Business Development Companies (BDC) and Registered Closed-End Funds that would require these funds to report information in structured data.

The amendment is in support of the SEC’s implementation of the Small Business Credit Availability Act and the Economic Growth, Regulatory Relief, and Consumer Protection Act. BDC’s primarily invest in small and developing companies, so ensuring these funds have an efficient approach to raising capital and good investment communication should help support small business.

Read more

SEC to hold Fintech Forum

By Editor

The Securities and Exchange Commission (SEC) announced this week that in May they will be holding a Fintech forum to discuss distributed ledger technology and digital assets.

The SEC has taken a mixed approach to digital asset regulation, with SEC Chairman Jay Clayton suggesting that digital assets both do and don’t qualify as securities, depending on their design. To help clarify the regulatory ambiguity around digital assets the SEC established its Strategic Hub for Innovation and Financial Technology in 2018 (FinHub). Finhub now seeks to improve communication with and understanding of the digital asset industry with this forum.

Read more

SEC Approves 2019 Taxonomy

By Editor

On 12 March the Securities and Exchange Commission (SEC) approved the US Financial Accounting Standards Board’s (FASB’s) 2019 GAAP Financial Reporting Taxonomy and the 2019 SEC Reporting Taxonomy. The updates to the GAAP Financial Reporting Taxonomy and the SRT for 2019 include changes to accounting standards, and a number of recommended improvements. The taxonomies are […]

Read more

Cyber Risks Force Data Rethink at SEC

By Editor

The Securities and Exchange Commission (SEC) has modified the submission deadlines for registered investment companies filing non-public monthly reports in order to mitigate risks from cybersecurity breaches. The changes mean funds will still be required to maintain non-public monthly records on file (accessible to examiners on demand) before filing data for public consumption every quarter. […]

Read more

Next Steps for Structured Data

By Editor

This month’s Toppan Merrill Report, Dimensions, highlights the Securities and Exchange Commission (SEC) Commissioner Robert J. Jackson’s vision on the future of structured data.

Read more