[Federal Register Volume 83, Number 246 (Wednesday, December 26, 2018)]
[Rules and Regulations]
[Pages 66100-66101]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-27827]
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SECURITIES AND EXCHANGE COMMISSION
17 CFR Part 232
[Release Nos. 33-10585; 34-84825; 39-2524; IC-33324]
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. The EDGAR
system is scheduled to be upgraded on December 17, 2018 and January 28,
2019.
DATES: Effective December 26, 2018. The incorporation by reference of
the EDGAR Filer Manual is approved by the Director of the Federal
Register as of December 26, 2018.
FOR FURTHER INFORMATION CONTACT: In the Division of Trading and
Markets, for questions concerning Form ATS-N, contact Michael R.
Broderick at (202) 551-5058. In the Office of Municipal Securities, for
questions regarding Forms MA, MA-A and MA-I, contact Ahmed A. Abonamah
at (202) 551-3887. In the Division of Corporation Finance, for
questions concerning Forms 1-A and DOS, contact Heather Mackintosh at
(202) 551-8111. In the Division of Economic and Risk Analysis, for
questions concerning Inline XBRL submission requirements contact Mike
Willis at (202) 551-6627.
SUPPLEMENTARY INFORMATION: We are adopting an updated EDGAR Filer
Manual, Volume I and 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 EDGAR Online
Forms website.
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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 October 1, 2018. See Release No. 33-10566 (October
1, 2018) [83 FR 55264].
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The revisions to the Filer Manual reflect changes within Volume I,
entitled EDGAR Filer Manual, Volume I: ``General Information,''
(Version 32) (December 2018), and Volume II, entitled EDGAR Filer
Manual, Volume II: ``EDGAR Filing,'' (Version 49) (December 2018). 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 should consult the Filer Manual in conjunction with
our rules governing mandated electronic filings when preparing
documents for electronic submission.
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\2\ See Rule 301 of Regulation S-T (17 CFR 232.301).
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The EDGAR System and Filer Manual will be updated in Release 18.4
and reflect the changes described below.
EDGAR Release 18.4 will introduce changes associated with the
adoption of amendments to Regulations ATS applicable to alternative
trading systems that trade National Market System stocks (``NMS Stock
ATSs'') and changes associated with new Form ATS-N.\3\ The following
new submission form types, which correspond to the various types of
Form ATS-N filings permitted or required by the amendments to
Regulation ATS and Form ATS-N, will be added to EDGAR Online Forms:
ATS-N, for initial Form ATS-N filings; ATS-N/MA, for material
amendments to Form ATS-N; ATS-N/UA, for updating amendments to Form
ATS-N; ATS-N/CA for correcting amendments to Form ATS-N; ATS-N/OFA, for
order display and fair access amendments to Form ATS-N; ATS-N-C, for
notices of cessation filings; and ATS-N-W for withdrawals of Form ATS-N
filings.\4\ The new Form ATS-N submission form types will be accessible
on the EDGAR Filing website. Filers have the option of completing a
web-fillable form or may construct XML submissions for these submission
form types by following the ``EDGAR Form ATS-N XML Technical
Specification'' document available on the SEC's Public website (https://www.sec.gov/info/edgar/tech-specs). Please refer to Chapter 3 (Index
to Forms), Chapter 5 (Constructing Attached Documents and Document
Types), Chapter 7 (Preparing and Transmitting EDGARLink Online
Submissions), Chapter 8 (Preparing and Transmitting Online
Submissions), Appendix A (Messages Reported by EDGAR), and Appendix E
(Automated Conformance Rules for EDGAR Data Fields) of the ``EDGAR
Filer Manual, Volume II: EDGAR Filing.''
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\3\ See Release No. 34-83663 (July 18, 2018) [83 FR 38768].
\4\ See Rule 304 of Regulation ATS (17 CFR 242.304) and Form
ATS-N (specifying the requirements, inter alia, for filing on Form
ATS-N).
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In a prior rulemaking, the Commission adopted amendments to, among
other things, Form Funding Portal, Form MA and Form MA-I to remove the
portions of such forms that requested filers furnish certain sensitive
personally identifiable information or PII.\5\ Release 18.4 will
upgrade the EDGAR system by removing the fields on such forms that ask
for PII. Please refer to Chapter 8 (Preparing and Transmitting Online
Submissions) of the ``EDGAR Filer Manual, Volume II: EDGAR Filing.''
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\5\ See Release 33-10486 (April 25, 2018) [83 FR 22190].
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EDGAR Release 18.4 will update submission form types 1-A, 1-A/A, 1-
A POS, DOS, and DOS/A to rename ``Income Statement Information'' to
``Statement of Comprehensive Income Information'' in Item 1: Issuer
Information. Please refer to Chapter 8 (Preparing and Transmitting
Online Submissions) of the ``EDGAR Filer Manual, Volume II: EDGAR
Filing.'' These changes are consistent with the amendments the
Commission recently adopted to accounting-related disclosure rules.\6\
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\6\ See Release No. 33-10532 (August 17, 2018) [83 FR 50148].
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EDGAR will permit the display of Schedule B data in submission form
types MA-A and MA/A--provided that information for Schedule B was
included in the filer's most recent Form MA, MA-A and MA/A filing.
Corresponding changes will be reflected in the EDGAR Filer Manual.
Please refer to Chapter 8 (Preparing and Transmitting Online
Submissions) of the ``EDGAR Filer Manual, Volume II: EDGAR Filing.''
EDGAR will introduce changes associated with the adoption of Inline
eXtensible Business Language (``Inline XBRL'') requirements for the
submission of operating company financial information and fund risk/
return summaries.\7\ The EDGAR system will be updated to implement
changes that will expand the submission form types that are permitted
to include Inline XBRL submissions. Accordingly, the following
submission form types will permit the primary document to be in iXBRL
format: S-1, S-1/A, S-1MEF, S-3, S-3/A, S-3ASR, S-3D, S-3DPOS, S-3MEF,
S-4, S-4/A, S-4EF, S-4MEF, S-4 POS, S-11, S-11/A, S-11MEF, F-1, F-1/A,
F-1MEF, F-3, F-3/A, F-3ASR, F-3D, F-3DPOS, F-3MEF, F-4, F-4/A, F-4EF,
F-
[[Page 66101]]
4MEF, F-4POS, F-10, F-10/A, F-10EF, F-10POS, 485BPOS, and 497. The
EDGAR system also will be updated to allow more than one Inline XBRL
file attachment per submission to be pre-validated, submitted,
validated, accepted, rendered, and viewed. In addition, given the
termination of the Voluntary XBRL program, the EDGAR Filer Manual and
the EDGAR system will be updated to remove and will no longer permit
submissions having EX-100 Voluntary XBRL attachments. In addition, the
EDGAR Filer Manual will update instructions regarding the layout
specifications for Risk Return Summary Information submissions tagged
with Inline XBRL. Please refer to Chapter 5 (Constructing Attached
Documents and Document Types), Chapter 6 (Interactive Data), and
Appendix E (Automated Conformance Rules for EDGAR Data Fields) of the
``EDGAR Filer Manual, Volume II: EDGAR Filing.''
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\7\ See Release No. 33-10514 (June 28, 2018) [83 FR 40486].
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The EDGAR Filer Manual, Volumes I and II will be revised to
incorporate updates aimed at clarifying and streamlining the EDGAR
Filer Manual. Updates will include revisions to listed contact
information, revised hyperlink information for accessing the EDGAR
Filer Manual, clarification of instructions, clarification of chapter
and subsection titles, updates to, and clarification of content in,
Chapter 3 (Index to Forms), and a renaming of Section 5.6, ``Filing
Fees.'' Additionally, references to the ``EDGAR Online Forms/XML
website'' will be revised and renamed the ``EDGAR OnlineForms
website''. See Chapter 2 (Quick Guide to EDGAR Filing), Chapter 3
(Index to Forms), Chapter 4 (Filing Fee Information), Chapter 5
(Constructing Attached Documents and Document Types), Chapter 6
(Interactive Data), Chapter 7 (Preparing and Transmitting EDGARLink
Online Submissions), Chapter 8 (Preparing and Transmitting Online
Submissions), Appendix B (Frequently Asked Questions), Appendix C
(EDGAR Submission Types), Appendix D (Paper Forms), and Appendix F
(Glossary of Commonly Used Terms, Acronyms and Abbreviations).
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 website
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
a.m. and 3 p.m.
Since the Filer Manual and the corresponding rule and form
amendments relate solely to agency procedures or practice, publication
for notice and comment is not required under the Administrative
Procedure Act (``APA'').\8\ It follows that the requirements of the
Regulatory Flexibility Act \9\ do not apply.
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\8\ 5 U.S.C. 553(b)(A).
\9\ 5 U.S.C. 601-612.
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The effective date for the updated Filer Manual and the related
rule and form amendments is December 26, 2018. In accordance with the
APA,\10\ we find that there is good cause to establish an effective
date less than 30 days after publication of these rules. 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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\10\ 5 U.S.C. 553(d)(3).
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Statutory Basis
We are adopting the amendments to Regulation S-T under the
authority in Sections 6, 7, 8, 10, and 19(a) of the Securities Act of
1933,\11\ Sections 3, 12, 13, 14, 15, 15B, 23, and 35A of the
Securities Exchange Act of 1934,\12\ Section 319 of the Trust Indenture
Act of 1939,\13\ and Sections 8, 30, 31, and 38 of the Investment
Company Act of 1940.\14\
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\11\ 15 U.S.C. 77f, 77g, 77h, 77j, and 77s(a).
\12\ 15 U.S.C. 78c, 78l, 78m, 78n, 78o, 78o-4, 78w, and 78ll.
\13\ 15 U.S.C. 77sss.
\14\ 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 Amendments
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. 77c, 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, 7201 et seq.; and 18 U.S.C. 1350,
unless otherwise noted.
* * * * *
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 forth
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 32 (December 2018). The requirements for filing
on EDGAR are set forth in the updated EDGAR Filer Manual, Volume II:
``EDGAR Filing,'' Version 49 (December 2018). Additional provisions
applicable to Form N-SAR filers are set forth in the EDGAR Filer
Manual, Volume III: ``N-SAR Supplement,'' Version 6 (January 2017). 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 website viewing and printing; the address for the Filer Manual is
https://www.sec.gov/info/edgar/edmanuals.htm. You can obtain paper
copies of the EDGAR Filer Manual at 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. 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:
https://www.archives.gov/federal-register/cfr/ibr-locations.html.
By the Commission.
Dated: December 14, 2018.
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2018-27827 Filed 12-21-18; 8:45 am]
BILLING CODE 8011-01-P