staff guidance

SEC Adds New XBRL FAQs, More C&DI Updates

Melissa Aguilar March 09, 2010

Companies and their counsel should take note: The Securities and Exchange Commission had added some new Frequently Asked Questions and updated some staff interpretations that you'll want to take a look at.The staff of the Office of Interactive Disclosure recently published six new FAQs related to the SEC's Interactive Data...

SEC Sets Vote on Climate Change Interpretive Release

Melissa Aguilar January 21, 2010

Get ready for new guidance on climate change disclosure. The Securities and Exchange Commission plans to vote next week on an interpretive release to provide guidance to companies on its current disclosure requirements.According to a Sunshine Act notice posted Jan. 20, the SEC has scheduled an Open Meeting on Jan....

SEC Posts C&DIs on Proxy Disclosure Enhancements

Melissa Aguilar December 22, 2009

Consider it a holiday gift from the Securities and Exchange Commission: The staff of the Division of Corporation Finance has posted new guidance for companies on transitioning to the recently approved proxy disclosure enhancements rule.The five new Compliance & Disclosure Interpretations posted Dec. 22 comprise the staff's interpretations of how...

Updates, Tips for Filers From Div of Corporation Finance

Melissa Aguilar November 19, 2009

Corporate reporting types take note: There a several developments coming out of the Securities and Exchange Commission's Division of Corporation Finance that you'll want to watch for in the coming months.Several items currently in the works should be of interest to financial statement preparers, including an update to the Financial...

Corp Fin Issues New Guidance on Shareholder Proposals

Melissa Aguilar October 27, 2009

Attention companies and shareholders: New guidance from the staff of the Securities and Exchange Commission's Division of Corporation Finance is likely to allow more shareholder proposals relating to risk assessments and chief executive succession onto corporate ballots.In an Oct. 27 staff legal bulletin the SEC provided new guidance on the...

Corp Fin Staff Observations for Small-Company IPOs

Melissa Aguilar March 09, 2009

The staff of the Securities and Exchange Commission’s Division of Corporation Finance has posted guidance for smaller reporting companies preparing registration statements. The staff has compiled a list of common comments made in connection with its reviews of initial registration statements under the Securities Act of 1933.The report, posted to...

Corp Fin Gives Guidance on Form D

Melissa Aguilar February 20, 2009

A friendly reminder and some helpful guidance from the Securities and Exchange Commission’s Division of Corporation Finance for Form D filers: Starting March 16, the form must be filed electronically.Until March 15, 2009, Form D filers can submit filings in either paper or electronic form.After that, Form D filers must...

Alert Highlights Deficiencies in 404(a) Filer Reports

Melissa Aguilar January 15, 2009

While most Sarbanes-Oxley discussions usually focus on the auditor attestation required under 404(b) of the Act, here are some tips for avoiding pitfalls in reporting on the required management assessment under Section 404(a) of the Act, courtesy of the Center for Audit Quality.In an alert to its members, the CAQ...

New Proxy/TARP Guidance From SEC

Melissa Aguilar November 25, 2008

As promised, the staff of the Securities and Exchange Commission has issued guidance for financial institutions filing proxy statements seeking shareholder approval to issue securities to the Treasury in order to participate in the Capital Purchase Program under the Treasury’s Troubled Asset Relief Program.As Compliance Week reported, Corporation Finance Director...

Shelf Registration Statement Guidance Issued

Melissa Aguilar November 24, 2008

In response to issuer questions, the staff of the SEC’s Division of Corporation Finance has issued new guidance for companies replacing expiring shelf registrations in accordance with Securities Act Rule 415(a)(6).The guidance, issued Nov. 21, addresses questions related to updating and consolidating registration statements relating to continuous or delayed offerings...

SEC Staff Posts New Guidance on Shareholder Proposals

Melissa Aguilar November 10, 2008

The Securities and Exchange Commission has posted some must-read guidance for companies preparing for the upcoming proxy season.The Division of Corporation Finance staff has posted a legal bulletin providing guidance on common issues related to shareholder proposals under Rule 14a-8 of the Securities Exchange Act of 1934, which governs when...

New Exchange Act CDI Added

Melissa Aguilar October 13, 2008

The staff of the Securities and Exchange Commission’s Division of Corporation Finance has posted a new Compliance and Disclosure Interpretation related to the registration and reporting provisions of the Exchange Act.The new CDI, updated Oct. 8, (Question 116.03 and Question 153.04), clarifies the staff’s view that a company wouldn’t be...

Compliance & Disclosure Interpretations Posted

Melissa Aguilar October 03, 2008

The Securities and Exchange Commission’s Division of Corporation Finance has issued new Compliance and Disclosure Interpretations related to the Exchange Act sections, rules, and forms.The latest CDIs, dated Sept. 30 and Oct. 1, replace sections of the staff’s Manual of Publicly Available Telephone Interpretations. The CDIs are part of an...

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