81 FR 43047 - Adoption of Updated EDGAR Filer Manual

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 127 (July 1, 2016)

Page Range		43047-43048
FR Document		2016-15510

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 submission of asset-backed securities (ABS) related form types by registrants whose Standard Industrial Classification (SIC) code is not 6189; terminate support for the US-GAAP-2014, EXCH-2014, COUNTRY-2012, and CURRENCY-2012 taxonomies; and allow certain filers to use Inline XBRL in their Related Official Filing, provided that the structured information satisfies all other submission requirements. The EDGAR system is scheduled to be upgraded to support these functionalities on June 13, 2016.

Federal Register, Volume 81 Issue 127 (Friday, July 1, 2016)

[Federal Register Volume 81, Number 127 (Friday, July 1, 2016)]
[Rules and Regulations]
[Pages 43047-43048]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2016-15510]

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SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 232

[Release Nos. 33-10095; 34-78044; 39-2510; IC-32145]

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 submission of asset-backed securities (ABS) related form
types by registrants whose Standard Industrial Classification (SIC)
code is not 6189; terminate support for the US-GAAP-2014, EXCH-2014,
COUNTRY-2012, and CURRENCY-2012 taxonomies; and allow certain filers to
use Inline XBRL in their Related Official Filing, provided that the
structured information satisfies all other submission requirements. The
EDGAR system is scheduled to be upgraded to support these
functionalities on June 13, 2016.

DATES: Effective July 1, 2016. The incorporation by reference of the
EDGAR Filer Manual is approved by the Director of the Federal Register
as of July 1, 2016.

FOR FURTHER INFORMATION CONTACT: In the Division of Corporate Finance,
for questions concerning Asset-Backed Securities related submission
form types, contact Vik Sheth at (202) 551-3818; and in the Division of
Economic and Risk Analysis, for questions concerning unsupported
taxonomies and Inline XBRL, 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 April 25, 2016. See Release No. 33-10071 (May 19,
2016) [81 FR 31501].
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The revisions to the Filer Manual reflect changes within Volume II
entitled EDGAR Filer Manual, Volume II: ``EDGAR Filing,'' Version 37
(June 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. 33-10071 in which we implemented EDGAR
Release 16.1. For additional history of Filer Manual rules, please
see the cites therein.
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The EDGAR system will be upgraded to Release 16.2 on June 13, 2016
and will introduce the following changes:
EDGAR will be updated to allow registrants whose Standard
Industrial Classification (SIC) code is not 6189 (asset-backed
securities) to file the following asset-backed securities related
submission form types:
SF-1, SF-1/A, SF-3, SF-3/A, SF-3MEF, 424H, 424H/A, ABS-EE,
ABS-EE/A, 8-K, 8-K/A, 10-D, and 10-D/A.
The following fields will now be required for all filers submitting
form types 10-D and 10-D/A and providing Item 6 or attaching an EX-36
on submission form types 8-K and 8-K/A, irrespective of the filer's SIC
code:

Sponsor CIK
Depositor CIK
ABS Asset Class

EDGAR will no longer provide support for the US-GAAP-2014, EXCH-
2014, COUNTRY-2012, and CURRENCY-2012 taxonomies. Please see http://www.sec.gov/info/edgar/edgartaxonomies.shtml for a complete listing of
supported standard taxonomies.
Pursuant to a Commission exemptive order issued on June 13, 2016,
certain filers will be able to use Inline XBRL in their Related
Official Filing for a limited period of time until March of the year
2020, provided that the structured information satisfies all other
submission requirements and conditions specified in the order are met.
Inline XBRL is a file format permitting both HTML and Interactive Data
tags. Instructions for formatting

[[Page 43048]]

and attaching Inline XBRL documents to EDGAR submissions are described
in a new subsection 5.2.5 of EDGAR Filer Manual, Volume II.
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 http://www.sec.gov/info/edgar.shtml. 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 July 1, 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
16.2 is scheduled to become available on June 13, 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,
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 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 37 (June 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
http://www.sec.gov/info/edgar.shtml. You can 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. 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: June 13, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-15510 Filed 6-30-16; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 81, No. 127 / Friday, July 1, 2016 / Rules and Regulations 43047

TABLE I TO SUBPART E OF PART 201—CIVIL MONETARY PENALTY INFLATION ADJUSTMENTS—Continued
New adjusted
Maximum
Maximum maximum
Year penalty penalty
penalty penalty
amount was amount in
U.S. Code citation Civil monetary penalty description amount when amount
established or effect on
established or effective
last adjusted * November 2,
last adjusted August 1,
2015 2016

For any other person/fraud ......................... 1990 250,000 400,000 445,390
For natural person/substantial losses or 1990 100,000 160,000 178,156
risk of losses to others.
For any other person/substantial losses or 1990 500,000 775,000 890,780
risk of losses to others.
15 U.S.C. 7215(c)(4)(D)(i) ..... For natural person ....................................... 2002 100,000 130,000 131,185
For any other person ................................... 2002 2,000,000 2,525,000 2,623,700
15 U.S.C. 7215(c)(4)(D)(ii) .... For natural person ....................................... 2002 750,000 950,000 983,888
For any other person ................................... 2002 15,000,000 18,925,000 19,677,750
* Adjustments include any revisions by Congress in statute, or by the agency through regulation, other than pursuant to the Inflation Adjust-
ment Act.

Dated: June 27, 2016. Director of the Federal Register as of when preparing documents for
By the Commission. July 1, 2016. electronic submission.3
Brent J. Fields, FOR FURTHER INFORMATION CONTACT: In The EDGAR system will be upgraded
Secretary. the Division of Corporate Finance, for to Release 16.2 on June 13, 2016 and
[FR Doc. 2016–15541 Filed 6–30–16; 8:45 am] questions concerning Asset-Backed will introduce the following changes:
Securities related submission form EDGAR will be updated to allow
BILLING CODE 8011–01–P
types, contact Vik Sheth at (202) 551– registrants whose Standard Industrial
3818; and in the Division of Economic Classification (SIC) code is not 6189
SECURITIES AND EXCHANGE and Risk Analysis, for questions (asset-backed securities) to file the
COMMISSION concerning unsupported taxonomies following asset-backed securities related
and Inline XBRL, contact Walter submission form types:
17 CFR Part 232 Hamscher at (202) 551–5397. • SF–1, SF–1/A, SF–3, SF–3/A, SF–
SUPPLEMENTARY INFORMATION: We are 3MEF, 424H, 424H/A, ABS–EE, ABS–
[Release Nos. 33–10095; 34–78044; 39– adopting an updated EDGAR Filer EE/A, 8–K, 8–K/A, 10–D, and 10–D/A.
2510; IC–32145] Manual, Volume II. The Filer Manual The following fields will now be
describes the technical formatting required for all filers submitting form
Adoption of Updated EDGAR Filer requirements for the preparation and types 10–D and 10–D/A and providing
Manual submission of electronic filings through Item 6 or attaching an EX–36 on
the EDGAR system.1 It also describes submission form types 8–K and 8–K/A,
AGENCY: Securities and Exchange
the requirements for filing using irrespective of the filer’s SIC code:
Commission.
EDGARLink Online and the Online • Sponsor CIK
ACTION: Final rule.
Forms/XML Web site. • Depositor CIK
SUMMARY: The Securities and Exchange The revisions to the Filer Manual • ABS Asset Class
Commission (the Commission) is reflect changes within Volume II EDGAR will no longer provide
adopting revisions to the Electronic Data entitled EDGAR Filer Manual, Volume support for the US–GAAP–2014, EXCH–
Gathering, Analysis, and Retrieval II: ‘‘EDGAR Filing,’’ Version 37 (June 2014, COUNTRY–2012, and
System (EDGAR) Filer Manual and 2016). The updated manual will be CURRENCY–2012 taxonomies. Please
related rules to reflect updates to the incorporated by reference into the Code see http://www.sec.gov/info/edgar/
EDGAR system. The updates are being of Federal Regulations. edgartaxonomies.shtml for a complete
made primarily to support the The Filer Manual contains all the listing of supported standard
submission of asset-backed securities technical specifications for filers to taxonomies.
(ABS) related form types by registrants submit filings using the EDGAR system. Pursuant to a Commission exemptive
whose Standard Industrial Classification Filers must comply with the applicable order issued on June 13, 2016, certain
(SIC) code is not 6189; terminate provisions of the Filer Manual in order filers will be able to use Inline XBRL in
support for the US–GAAP–2014, EXCH– to assure the timely acceptance and their Related Official Filing for a limited
2014, COUNTRY–2012, and processing of filings made in electronic period of time until March of the year
CURRENCY–2012 taxonomies; and format.2 Filers may consult the Filer 2020, provided that the structured
allow certain filers to use Inline XBRL Manual in conjunction with our rules information satisfies all other
in their Related Official Filing, provided governing mandated electronic filing submission requirements and
asabaliauskas on DSK3SPTVN1PROD with RULES

that the structured information satisfies conditions specified in the order are
29 For example, 15 U.S.C. 77t(d)(2)(A), after
all other submission requirements. The met. Inline XBRL is a file format
adjusting for inflation as required by the 2015 Act,
EDGAR system is scheduled to be provides that the amount of the penalty shall not
permitting both HTML and Interactive
upgraded to support these exceed the greater of $8,908 for a natural person or Data tags. Instructions for formatting
functionalities on June 13, 2016. $89,708 for any other person, or the gross amount
of pecuniary gain to such defendant as a result of 3 See Release No. 33–10071 in which we
DATES: Effective July 1, 2016. The the violation. implemented EDGAR Release 16.1. For additional
incorporation by reference of the 1 We originally adopted the Filer Manual on April history of Filer Manual rules, please see the cites
EDGAR Filer Manual is approved by the 1, 1993, with an effective date of April 26, 1993. therein.

VerDate Sep<11>2014 16:44 Jun 30, 2016 Jkt 238001 PO 00000 Frm 00065 Fmt 4700 Sfmt 4700 E:\FR\FM\01JYR1.SGM 01JYR1

Document Created: 2016-07-14 11:37:50
Document Modified: 2016-07-14 11:37:50

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Rules and Regulations
Action		Final rule.
Dates		Effective July 1, 2016. The incorporation by reference of the EDGAR Filer Manual is approved by the Director of the Federal Register as of July 1, 2016.
Contact		In the Division of Corporate Finance, for questions concerning Asset-Backed Securities related submission form types, contact Vik Sheth at (202) 551-3818; and in the Division of Economic and Risk Analysis, for questions concerning unsupported taxonomies and Inline XBRL, contact Walter Hamscher at (202) 551-5397.
FR Citation		81 FR 43047
CFR Associated		Incorporation by Reference; Reporting and Recordkeeping Requirements and Securities