On May 3rd, the SEC adopted rule amendments that modernize and improve disclosure about repurchases of an issuer’s equity securities that are registered under the Securities Exchange Act of 1934. Prior to the rule’s adoption, and pursuant to Regulation S-K, corporate issuers were required to file domestic forms to disclose, on a quarterly basis, any purchase made by or on behalf of the issuer of shares that are registered under Section 12 of the Exchange Act aggregated on a monthly basis. The same disclosure was required annually for foreign private issuers (FPIs) and semiannually for listed closed-end funds that are exchange traded. Continue reading "SEC Approves Amendments to Modernize Share..." »

On April 28th, the SEC reopened the comment period for its February 2022 proposal, Modernization of Beneficial Ownership Reporting. The agency also announced that its Division of Economic and Risk Analysis (DERA) released a memorandum that provides supplemental data and analysis related to the proposed amendments’ economic effects. The proposal would amend certain rules that govern beneficial ownership reporting under Exchange Act Sections 13D and 13G, which would enhance disclosure requirements, reduce information imbalances, and provide more timely information to meet the needs of investors and the market.
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On May 2nd, the SEC’s Market Structure staff released updated metrics on its webpage. The SEC created the Market Structure webpage on sec.gov to promote better understanding of equity markets and equity market structure through the use of data and analytics. Continue reading "SEC Provides Updated Market Structure Metrics" »

On April 20, 2023, the FERC approved a final rule that provides incentive-based rate treatment for utilities making certain voluntary cybersecurity investments. Under the Infrastructure Investment and Jobs Act of 2021, Congress directed the FERC to update its regulations to establish incentive-based rate treatments, encouraging utility companies to invest in advanced cybersecurity technology. The act also directs the FERC to participate in cybersecurity information-sharing programs, which would protect and benefit consumers. Continue reading "FERC Announces Adoption of Incentive Rate..." »

The SEC’s Division of Investment Management has announced that it will host its inaugural “Conference on Emerging Trends in Asset Management”, which will bring together academics and members of the asset management industry. The remote conference will take place on Friday, May 19, 2023, from 10:00 a.m. to 5:00 p.m. ET. The event is free and open to the public via live webcast on sec.gov. Interested parties may register for the conference until Wednesday, May 17th. {expires: 2023-05-20} Continue reading "SEC Announces First Conference on Emerging..." »

The SEC staff will convene a meeting where its Division of Corporation Finance will discuss share repurchase disclosure modernization and its Division of Investment Management will address enhancing private fund reporting. The meeting will take place via webcast on sec.gov on Wednesday, May 3rd at 10:00 a.m. ET. The meeting is open for the public to attend. {expires: 2023-05-04}

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On April 19, Novaworks hosted a helpful virtual seminar to show filers in the utilities and energy industries a simple and cost-effective way to prepare and submit Form 714 to the FERC in the required XBRL format. This webinar is now available to view on YouTube.com. Continue reading "Novaworks’ Webinar on Filing Form 714 to the..." »

The SEC has voted to reopen the comment period and provided supplemental information related to the January 2022 proposed amendments to Rule 3b-16 under the Securities Exchange Act of 1934. The original comment period for the proposed amendments closed on April 18, 2022. Continue reading "SEC Reopens Comment Period, Provides..." »

The FERC will hold its monthly open meeting via webcast on ferc.gov on Thursday, April 20, 2023, at 10:00 a.m. ET. The one-hour meeting is open for the public to attend. {expires: 2023-04-21}

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The SEC’s Office of Municipal Securities (OMS) has announced that it will host its 2023 Municipal Securities Disclosure Conference, which will be attended by Chair Gary Gensler, OMS staff, SEC Commissioners, and market participants. The conference will take place on May 10, 2023, from 9:30 a.m. to 5:00 p.m. ET. The event is free for the public to attend but registration is required by May 5, 2023. {expires: 2023-05-10} Continue reading "SEC Announces 2023 Office of Municipal..." »

Novaworks will host a free webinar to show filers in the utilities and energy industries a fast, easy, and cost-effective way to prepare and submit Form 714 to the FERC in the required XBRL format. The event will be held Wednesday, April 19, 2023, at 2:00 p.m. ET. You can register here. Space is limited, so reserve your spot today!

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The FERC has announced a two-day North American Electric Reliability Corporation (NERC) Standard Drafting Team meeting that will take place April 17–April 18.

{expires: 2023-04-19} Continue reading "NERC’s Standard Drafting Team to Hold a Two-Day..." »

The SEC’s Small Business Office has opened registration for its 42nd Annual Government-Business Forum on Small Business Capital Formation, which is held annually in accordance with the Small Business Investment Incentive Act of 1980. The forum is an event for members of the public and private sectors, including entrepreneurs, investors, and other leaders, to gather and discuss capital raising and develop suggestions for policy impacting emerging businesses and their investors. The remote event will take place Monday, April 24 through Thursday, April 27, with each 90-minute session beginning at 1:00 p.m. ET each day. {expires: 2023-04-28} Continue reading "SEC Announces Registration for Virtual 2023..." »

The SEC’s Division of Trading and Markets will convene a meeting on April 14, 2023 to consider reopening the comment period for proposed amendments to Rule 3b-16 under the Securities Exchange Act of 1934. The original comment period for the proposed amendments closed on April 18, 2022. {expires: 2023-04-15} Continue reading "SEC Staff to Discuss Reopening Comment Period..." »