[Federal Register Volume 81, Number 190 (Friday, September 30, 2016)]
[Rules and Regulations]
[Pages 67118-67120]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-23562]
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SECURITIES AND EXCHANGE COMMISSION
17 CFR Part 232
[Release Nos. 33-10217; 34-78883; 39-2512; IC-32269]
Adoption of Updated EDGAR Filer Manual
AGENCY: Securities and Exchange Commission.
ACTION: Final rule.
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SUMMARY: The Securities and Exchange Commission (the Commission) is
adopting revisions to the Electronic Data Gathering, Analysis, and
Retrieval System (EDGAR) Filer Manual and related rules to reflect
updates to the EDGAR system. The updates are being made primarily to
support the new submission form types N-MFP2 and N-MFP2/A for money
market mutual funds; allow unregistered money market fund to file a
report on submission form types N-CR and N-CR/A; update the date format
for ABS-EE Asset Data schemas from MM/YYYY to MM-DD-YYYY for CMBS Asset
Class: Item 2(c) (12), and Debt Securities Asset Class: Debt
Securities, Item 5(f)(3); update the codes and descriptions referencing
CMSA to reference CREFC for CMBS Asset Class Item 2(d)(28)(xii) and
CMBS Asset Class Item 2(d)(28)(xiii); allow a Large Trader whose most
recent Form 13H submission was a Form 13H-I (Inactive) to submit a Form
13H-T (Termination) regardless of elapsed time; and make documentation
updates to Chapter 5 and Chapter 6 of the ``EDGAR Filer Manual, Volume
II: EDGAR Filing'' relating to eXtensible Business Reporting Language
(XBRL) format. The EDGAR system was upgraded to support the new
submission form types N-MFP2 and N-MFP2/A for money market mutual funds
on August 29, 2016. The EDGAR system is scheduled to be upgraded to
support the other functionalities on September 19, 2016.
DATES: Effective September 30, 2016. The incorporation by reference of
the EDGAR Filer Manual is approved by the Director of the Federal
Register as of September 30, 2016.
FOR FURTHER INFORMATION CONTACT: In the Division of Investment
Management, for questions concerning Form N-MFP2 and Form N-CR, contact
Heather Fernandez at (202) 551-6708; in the Division of Corporate
Finance, for questions concerning Form ABS-EE, contact Vik Sheth at
(202) 551-3818; in the Division of Trading and Markets, for questions
concerning Form 13H, contact Kathy Bateman at (202) 551-4345; and in
the Division of Economic and Risk Analysis, for questions concerning
eXtensible Business Reporting Language (XBRL) disseminations; contact
Walter Hamscher at (202) 551-5397.
SUPPLEMENTARY INFORMATION: We are adopting an updated EDGAR Filer
Manual, Volume II. The Filer Manual describes the technical formatting
requirements for the preparation and submission of electronic filings
through the EDGAR system.\1\ It also describes the requirements for
filing using EDGARLink Online and the Online Forms/XML Web site.
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\1\ We originally adopted the Filer Manual on April 1, 1993,
with an effective date of April 26, 1993. Release No. 33-6986 (April
1, 1993) [58 FR 18638]. We implemented the most recent update to the
Filer Manual on June 13, 2016. See Release No. 33-10095 (July 1,
2016) [81 FR 43047].
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The revisions to the Filer Manual reflect changes within Volume II
entitled EDGAR Filer Manual, Volume II: ``EDGAR Filing,'' Version 38
(September 2016). The updated manual will be incorporated by reference
into the Code of Federal Regulations.
The Filer Manual contains all the technical specifications for
filers to submit filings using the EDGAR system. Filers must comply
with the applicable provisions of the Filer Manual in order to assure
the timely acceptance and processing of filings made in electronic
format.\2\ Filers may consult the Filer Manual in conjunction with our
rules governing mandated electronic filing when preparing documents for
electronic submission.\3\
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\2\ See Rule 301 of Regulation S-T (17 CFR 232.301).
\3\ See Release No. 33-10095 in which we implemented EDGAR
Release 16.2. For additional history of Filer Manual rules, please
see the cites therein.
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The EDGAR system will be upgraded to Release 16.3 on September 19,
2016 and will introduce the following changes:
[[Page 67119]]
An unregistered money market fund will now be able to file a report
on submission form types N-CR and N-CR/A. When submitting N-CR and N-
CR/A filings, filers that are unregistered money market funds can
optionally provide values for the following fields:
Filer Investment Company Type
Series ID
Class (Contract) ID
ABS-EE Asset Data schemas will be updated to change the date format
from MM/YYYY to MM-DD-YYYY for the following Asset Class Items:
CMBS Asset Class: Item 2(c)(12), First Loan Payment Due Date
Debt Securities Asset Class: Item 5(f)(3), Demand Resolution
Date
In addition, the codes and descriptions referencing CMSA will be
updated to reference CREFC for the following Asset Class Items:
CMBS Asset Class: Item 2(d)(28)(xii), Net Operating Income Net
Cash Flow Securitization Code
CMBS Asset Class: Item 2(d)(28)(xiii), Net Operating Income
Net Cash Flow Code
The ABS-EE Asset Data schemas will also be updated to allow whole
integer numbers in decimal fields. For more information, see the
updated ``EDGAR ABS XML Technical Specification'' document located on
the SEC's Public Web site (https://www.sec.gov/info/edgar/tech-specs).
A Large Trader whose most recent Form 13H submission was a Form
13H-I (Inactive) will now be able to subsequently submit a Form 13H-T
(Termination), regardless of the elapsed time.
Documentation only corrections relating to eXtensible Business
Reporting Language (XBRL) formatting were made to Chapter 5,
``Constructing Attached Documents and Document Types'' and Chapter 6
``Interactive Data'' of the EDGAR Filer Manual: Volume II.
On August 29, 2016, EDGAR Release 16.2.4 was updated to include two
new submission form types--N-MFP2 and N-MFP2/A--to incorporate the
amendments to Form N-MFP adopted by the Commission on September 16,
2015.
These two new submission form types will be accepted from the EDGAR
Filing Web site via filer-constructed XML submissions, as described in
the ``EDGAR Form N-MFP2 XML Technical Specification'' document
available on the SEC's Public Web site (https://www.sec.gov/info/edgar/tech-specs).
EDGAR will only accept TEST submissions for submission form types
N-MFP2 and N-MFP2/A until October 13, 2016. Beginning on October 14,
2016, submission form types N-MFP2 and N-MFP2/A will be accepted as
LIVE or TEST submissions. After that date, filers will be prevented
from submitting existing submission form type N-MFP1 beginning October
14, 2016. Filers will also be prevented from submitting existing
submission form type N-MFP1/A beginning October 14, 2017.
Along with the adoption of the Filer Manual, we are amending Rule
301 of Regulation S-T to provide for the incorporation by reference
into the Code of Federal Regulations of today's revisions. This
incorporation by reference was approved by the Director of the Federal
Register in accordance with 5 U.S.C. 552(a) and 1 CFR part 51.
The updated EDGAR Filer Manual will be available for Web site
viewing and printing; the address for the Filer Manual is https://www.sec.gov/info/edgar/edmanuals.htm. You may also obtain paper copies
of the EDGAR Filer Manual from the following address: Public Reference
Room, U.S. Securities and Exchange Commission, 100 F Street NE.,
Washington, DC 20549, on official business days between the hours of
10:00 a.m. and 3:00 p.m.
Since the Filer Manual and the corresponding rule changes relate
solely to agency procedures or practice, publication for notice and
comment is not required under the Administrative Procedure Act
(APA).\4\ It follows that the requirements of the Regulatory
Flexibility Act \5\ do not apply.
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\4\ 5 U.S.C. 553(b).
\5\ 5 U.S.C. 601-612.
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The effective date for the updated Filer Manual and the rule
amendments is September 30, 2016. In accordance with the APA,\6\ we
find that there is good cause to establish an effective date less than
30 days after publication of these rules. The EDGAR system upgrade to
Release 16.3 is scheduled to become available on September 19, 2016.
The Commission believes that establishing an effective date less than
30 days after publication of these rules is necessary to coordinate the
effectiveness of the updated Filer Manual with these system upgrades.
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\6\ 5 U.S.C. 553(d)(3).
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Statutory Basis
We are adopting the amendments to Regulation S-T under Sections 6,
7, 8, 10, and 19(a) of the Securities Act of 1933,\7\ Sections 3, 12,
13, 14, 15, 23, and 35A of the Securities Exchange Act of 1934,\8\
Section 319 of the Trust Indenture Act of 1939,\9\ and Sections 8, 30,
31, and 38 of the Investment Company Act of 1940.\10\
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\7\ 15 U.S.C. 77f, 77g, 77h, 77j, and 77s(a).
\8\ 15 U.S.C. 78c, 78l, 78m, 78n, 78o, 78w, and 78ll.
\9\ 15 U.S.C. 77sss.
\10\ 15 U.S.C. 80a-8, 80a-29, 80a-30, and 80a-37.
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List of Subjects in 17 CFR Part 232
Incorporation by reference, Reporting and recordkeeping
requirements, Securities.
Text of the Amendment
In accordance with the foregoing, Title 17, Chapter II of the Code
of Federal Regulations is amended as follows:
PART 232--REGULATION S-T--GENERAL RULES AND REGULATIONS FOR
ELECTRONIC FILINGS
0
1. The authority citation for part 232 continues to read in part as
follows:
Authority: 15 U.S.C. 77f, 77g, 77h, 77j, 77s(a), 77z-3,
77sss(a), 78c(b), 78l, 78m, 78n, 78o(d), 78w(a), 78ll, 80a-6(c),
80a-8, 80a-29, 80a-30, 80a-37, and 7201 et seq.; and 18 U.S.C. 1350.
* * * * *
0
2. Section 232.301 is revised to read as follows:
Sec. 232.301 EDGAR Filer Manual.
Filers must prepare electronic filings in the manner prescribed by
the EDGAR Filer Manual, promulgated by the Commission, which sets out
the technical formatting requirements for electronic submissions. The
requirements for becoming an EDGAR Filer and updating company data are
set forth in the updated EDGAR Filer Manual, Volume I: ``General
Information,'' Version 24 (December 2015). The requirements for filing
on EDGAR are set forth in the updated EDGAR Filer Manual, Volume II:
``EDGAR Filing,'' Version 38 (September 2016). Additional provisions
applicable to Form N-SAR filers are set forth in the EDGAR Filer
Manual, Volume III: ``N-SAR Supplement,'' Version 5 (September 2015).
All of these provisions have been incorporated by reference into the
Code of Federal Regulations, which action was approved by the Director
of the Federal Register in accordance with 5 U.S.C. 552(a) and 1 CFR
part 51. You must comply with these requirements in order for documents
to be timely received and accepted. The EDGAR Filer Manual is available
for Web site viewing and printing; the address for the Filer Manual is
https://www.sec.gov/info/edgar/edmanuals.htm. You can obtain
[[Page 67120]]
paper copies of the EDGAR Filer Manual from the following address:
Public Reference Room, U.S. Securities and Exchange Commission, 100 F
Street NE., Washington, DC 20549, on official business days between the
hours of 10 a.m. and 3 p.m. You can also inspect the document at the
National Archives and Records Administration (NARA). For information on
the availability of this material at NARA, call 202-741-6030, or go to:
http://www.archives.gov/federal_register/code_of_federal_regulations/ibr_locations.html.
By the Commission.
Dated: September 20, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-23562 Filed 9-29-16; 8:45 am]
BILLING CODE 8011-01-P