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SEC Announces that Notices of Iran-related Activities Must Be Filed through EDGAR
Practical Law Legal Update 0-523-2924 (Approx. 3 pages)
SEC Announces that Notices of Iran-related Activities Must Be Filed through EDGAR
by PLC Corporate & Securities
| Published on 20 Dec 2012 • USA (National/Federal) |
The SEC's Division of Corporation Finance issued a press release announcing that the stand-alone notices of Iran-related sanctionable activities required to be filed under the Iran Threat Reduction and Syria Human Rights Act of 2012 must be filed through EDGAR.
On December 19, 2012, the SEC's Division of Corporation Finance issued a press release announcing that the stand-alone notices of Iran-related sanctionable activities required under Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 (the Act) and new Section 13(r) of the Exchange Act must be filed through EDGAR. Issuers required to file the notice should:
- Prepare a separate document that includes the information required by the Act.
- Convert the document to ASCII or HTML as instructed by the EDGAR Filer Manual. For more on the latest draft of the Manual, see Legal Update, SEC Releases Updated Draft EDGAR Filer Manual (Volume II).
- Submit the stand-alone notice using the new EDGAR form type called IRANNOTICE.
EDGAR will receive and disseminate these notices in the same manner as concurrently filed Exchange Act annual or quarterly reports. The notices will appear in an issuer's filing history on, and will be searchable through, the EDGAR system. The Division expects that the new form type IRANNOTICE will be available for use by January 14, 2013.
For more information on the new disclosure requirements for sanctionable activities with Iran, see Practice Notes: