The 2023 edition of SEC Guidelines: Rules and Regulations is an updated compilation of Forms, Regulations, and Interpretative Guidance, and reflects the latest requirements for preparing financial statements and related disclosure documents to be filed with the SEC. This useful desk reference includes the reference materials most frequently used by accountants and legal professionals whose clients must comply with the SEC's registration and reporting requirements. All of the information you need to complete your annual, quarterly, or registration statement filings is available at your fingertips, and is organized into three main sections: Forms and Schedules, Rules and Regulations, and Interpretive Guidance. The 2023 edition includes the full-text of Regulations S-K, S-X, and S-T, plus selected rules and forms under the 1933 and 1934 Acts. All of the SEC's relevant rulemaking published through October is reflected in this 2023 edition, including:
- Amendments to various forms and rules under the Securities Act of 1933 and the Securities Exchange Act of 1934 to reflect, among other matters, rulemaking concerning proxy voting advice, pay versus performance, and universal proxy cards.
- Amendments that mandate (1) the use of Inline eXtensible Business Reporting Language ("Inline XBRL") for the filing of the financial statements and accompanying notes to the financial statements required in Form 11-K, and that will allow for the electronic submission of certain foreign language documents, and (2) the electronic filing or submission of documents that are currently permitted electronic submissions, including the "glossy" annual report to security holders, notices of exempt solicitations and exempt preliminary roll-up communications, notices of sales of securities of certain issuers, filings of required reports by foreign private issuers and filings made by multilateral development banks on the EDGAR.
- Amendments that implement the disclosure and submission requirements of the Holding Foreign Companies Accountable Act (HFCA Act) for registrants that the SEC identifies as having filed an annual report with an audit report issued by a registered public accounting firm located in a foreign jurisdiction and that the PCAOB is unable to fully inspect or investigate because of a position taken by an authority in that jurisdiction.
- Updated guidance in Staff Accounting Bulletin (SAB) Topic 5, Miscellaneous Accounting, regarding the accounting for obligations to safeguard crypto-assets an entity holds for platform users.
- Amended guidance in Topic 5, and Topic 14, Share-Based Payment, to conform to FASB Accounting Standards Codification Topic 718, Compensation-Stock Compensation.
Finally, to help manage your SEC filings workflow, a quick reference guide showing federal holidays and filing deadlines is included on the inside back cover.