[Federal Register Volume 59, Number 110 (Thursday, June 9, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-13963]


[[Page Unknown]]

[Federal Register: June 9, 1994]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-34148; File No. S7-18-94]

 

EDGAR Review

AGENCY: Securities and Exchange Commission.

ACTION: Request for comments.

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SUMMARY: The Securities and Exchange Commission (``Commission'') is 
requesting public comment on the performance of the operational 
Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. 
Responses will be used in the evaluation of EDGAR's readiness for and 
acceptability in support of mandated EDGAR filing for all domestic 
registrants.

DATES: Comments should be received on or before July 11, 1994.

ADDRESSES: Comments should be submitted in triplicate to Jonathan G. 
Katz, Secretary, Securities and Exchange Commission, 450 Fifth Street 
NW., Washington, DC 20549. All comment letters should refer to File No. 
S7-18-94. All comments received will be available for public inspection 
and copying in the Commission's Public Reference Room, 450 Fifth Street 
NW., Washington, DC 20549.

FOR FURTHER INFORMATION CONTACT:
David T. Copenhafer, Director, at (202) 942-8800, Office of Planning, 
Administration and Security, Securities and Exchange Commission, 450 
Fifth Street NW., Washington, DC 20549.

SUPPLEMENTARY INFORMATION: The Electronic Data Gathering, Analysis, and 
Retrieval (EDGAR) system is an information system developed by the 
Securities and Exchange Commission (SEC) to automate the filing, 
processing, and dissemination of more than 11 million pages of 
registration statements and applications received by the SEC each year. 
Begun in January 1989, and implemented for operational use in July 
1992, the operational EDGAR system will ultimately receive submissions 
from over 15,000 companies that are registered with the SEC.
    Currently, some 3,400 companies file reports electronically through 
EDGAR. Based on implementation and operation to date, the Commission is 
now contemplating expansion of EDGAR beyond this initial group of 
mandated filers, to include all domestic registrants as well as most 
third party filings with respect to those registrants. To this end, 
public comment is sought on the performance and success of the 
operational EDGAR system to date.
    Respondents are asked to, as applicable:

--Identify the group they best represent: registrant, investment 
company, third-party filer, filing agent, training agent, secondary 
marketer (disseminator/service bureau), or the public;
--Identify the year they first began using EDGAR (Pilot or 
Operational system);
--Estimate the number of test filings they have submitted via EDGAR 
since it went operational on July 15, 1992; and
--Estimate the number of live filings they have submitted via EDGAR 
since it went operational on July 15, 1992.

    Respondents are asked to comment on EDGAR performance in the 
following areas:

--Integrity (e.g., are filings processed correctly?, are fees 
calculated correctly?, does the content of disseminated filings 
equal what was submitted?);
--Reliability (e.g., availability of EDGAR, CompuServe and 
dissemination systems);
--Responsiveness (e.g., speed of filing, acceptance, notification 
and queries);
--Stability (e.g., lack of interruptions or outages);
--Security (e.g., safeguards against inappropriate access, use or 
modification of data);
--Capacity (e.g., adequacy of phone lines, storage and processing 
power); and
--Usability (e.g., ease-of-use and user-friendliness).

    Respondents are also asked to:

--Identify any reason why the SEC should not adopt a rule requiring 
mandated EDGAR filing by all domestic registrants (as well as third 
parties making filings with respect to these registrants).

    Third-party filers are encouraged to also comment on the experience 
of being a third-party filer.
    Although participation is voluntary, responses are encouraged to 
ensure the valid assessment of EDGAR performance and capabilities.

    Dated: June 2, 1994.
Jonathan G. Katz,
Secretary.
[FR Doc. 94-13963 Filed 6-8-94; 8:45 am]
BILLING CODE 8010-01-M