SEC Releases Updated Draft EDGAR Filer Manual (Volume II) | Practical Law

SEC Releases Updated Draft EDGAR Filer Manual (Volume II) | Practical Law

The SEC released an updated draft of the EDGAR Filer Manual (Volume II) to reflect changes scheduled to be implemented on July 22, 2013.

SEC Releases Updated Draft EDGAR Filer Manual (Volume II)

Practical Law Legal Update 6-532-4459 (Approx. 3 pages)

SEC Releases Updated Draft EDGAR Filer Manual (Volume II)

by PLC Corporate & Securities
Published on 25 Jun 2013USA (National/Federal)
The SEC released an updated draft of the EDGAR Filer Manual (Volume II) to reflect changes scheduled to be implemented on July 22, 2013.
On June 21, 2013, the SEC released a revised draft of the EDGAR Filer Manual (Volume II), which governs the submission of information to the SEC by electronic means. If the draft is approved, the changes to EDGAR will be implemented on July 22, 2013.
If approved, the revised filer manual will implement the following changes:
  • A new submission form type, SD (Specialized Disclosure Report), and its amendment (SD/A) will be added on EDGARLink Online to enable filers to submit notices of disclosure under Section 1502 and Section 1504 of the Dodd-Frank Act. These sections cover disclosure relating to the use of conflict minerals and payments by resource extraction issuers, respectively. Filers can access these submission types from a link on the EDGAR Filing Website. In addition, filers may construct XML submissions by following the EDGARLink Online XML Technical Specification document.
  • Items 1.01 (Disclosure in the body of the Specialized Disclosure Report), 1.02 (Conflict Minerals Report) and 2.01 (Disclosure of payments by resource extraction issuers) for Forms SD and SD/A will be available on EDGARLink Online. Item 1.02 will require issuers to submit the Conflict Minerals Report as Exhibit 1.02 in ASCII or HTML format. Item 2.01 will require issuers that must provide the Resource Extraction Issuer Disclosure Report as Exhibit 2.01 to do so in XBRL format following the Resource Extraction Issuer Disclosure (RXD) taxonomy.
  • EDGAR will be updated to support the RXD taxonomy for Exhibit 2.01 of Forms SD and SD/A.
  • Form 13H filers will be able to use the 13H-A form type to satisfy both their annual and fourth-quarter amendment filing requirements.
  • For submission form types 13H, 13H-A and 13H-Q:
    • the maximum number of characters for Item 1(b) will be increased to 20,000; and
    • the number of broker-dealers that can be covered in Item 6 will be increased to 2,000.
The SEC has provided a redlined version of Volume II to assist in the identification of draft changes. The SEC also released a revised draft of the EDGARLink Online XML Technical Specification which, if approved, will be implemented on July 22, 2013.