The Practical Corporate & Securities Law Blog

By Broc Romanek

Go to TheCorporateCounsel.net

 
Yesterday, the SEC issued its adopting release regarding mandatory Edgar for Section 16 reports - see http://www.sec.gov/rules/final/33-8230.htm. The SEC's system is working fine now, including compatability with third-party services.

The PCAOB has issued its final rules on audit firm registration at http://www.pcaobus.org/pcaob1/Rules/Release2003-007.pdf.

For TheCorporateCounsel.net subscribers, we have posted an interview with Sharon Hendricks of The Venture Law Group on Whistleblower Procedures for Audit Committees at http://www.thecorporatecounsel.net/member/InsideTrack/05_07_03_Hendricks.htm.
posted by broc at 7:44 AM

 
Based on comments from Alan Beller, Director, Division of Corporation Finance yesterday at an ABA conference, it appears likely that the staff will issue Regulation G FAQs at some point - timing still uncertain. As for certain issues (e.g. S-8 and post-effective amendment transitional issues), the FAQs may well have answers that differ from what has been issued by the staff to date (or they may not).

For TheCorporateCounsel.net subscribers, we have posted a transcript of our "Regulation G Unplugged" program at http://www.thecorporatecounsel.net/member/Audio/04_30_03_transcript.htm.
posted by broc at 11:32 AM

 
Today was the first day for the SEC's new Section 16 website going "live" - and it was not a pleasant one. The SEC's site was down for a few hours - and the SEC disabled LIVE submissions of reduced-content XML filings. This means that no third-party software will
work at the present time. The SEC staff has indicated that it will do date adjustments on any filings that are impacted. More to come.

The SEC now is formally soliciting comments for its "corporate democracy" initiative - comments are due June 13th. See http://www.sec.gov/news/press/2003-59.htm.

For TheCorporateCounsel.net subscribers, we have posted an interview with Jim Darazsdi on modifying corp. governance practices at
http://www.thecorporatecounsel.net/member/InsideTrack/05_02_03_Darazsdi.htm.
posted by broc at 6:15 PM