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On
October 15, 2008, the SEC issued an Interim
Final Temporary Rule, Exchange Act Release No. 34-58785 extending the reporting
requirements for institutional investment managers concerning information on
daily short sales and short positions of certain publicly traded securities.
This short sales and short position information is submitted electronically
via the EDGAR system on Form SH under filing type SH-ER or SH-NT. Form SH is
considered private and is not posted on the SEC's public website for viewing.
Generating and Filing Form SH Data
Filers must include with Form SH-ER an information table containing a summary of short positions. This information table must be submitted in XML format. Through using XML the numbers in the information table are digitally barcoded, enabling SEC computers to easily identify, extract, and analyze them. The SEC has provided a PDF form enabling filers to manually prepare and generate XML data for filing. This process is time consuming and potentially error-prone for those investment managers with significant holdings to report.
Our Form SH Solution
Newsfile Corp. provides an efficient and accurate Form SH-ER solution. Through providing us with the Form SH cover page and a completed copy of our Excel spreadsheet, we can generate XML information table data without any re-keying of content. Through using our Excel spreadsheet, you retain control of your data and avoid learning a third-party software solution. We can also provide you with a reader-friendly proof of the XML data prior to filing, enabling you to review and approve the report with ease.
Law Firms / In-house Filing Departments
Do you represent a law firm or company with its own internal filing department? Our web based tool located at www.fileformsh.com enables filers to easily generate the XML information table portion of Form SH-ER.
Call us at 604-609-0244 for more information.
Resources
EDGAR News | |
| XBRL Final Rule Posted: January 30th, 2009 The SEC has announced its final XBRL rule. For public companies, interactive data financial reporting will occur on a phased-in schedule beginning in 2009. The largest companies who file using U.S. GAAP with a public float above $5 billion will be required to provide interactive data reports starting with their first quarterly report for fiscal periods ending on or after June 15, 2009. | |
| SEC Announces XBRL Mandate Posted: December 18th, 2008 The Securities and Exchange Commission has voted to require public companies and mutual funds to use interactive data for financial information. The largest companies who file using U.S. GAAP with a public float above $5 billion will be required to provide interactive data reports starting with their first quarterly report for fiscal periods ending on or after June 15, 2009. remaining companies who file using U.S. GAAP will be required to file with interactive data on a phased-in schedule over the next two years. Companies reporting in IFRS issued by the International Accounting Standards Board will be required to provide their interactive data reports starting with fiscal years ending on or after June 15, 2011. | |
| XBRLit Launched Posted: September 18th, 2008 Automated Filing Services Inc. and TNT Filings Inc. announce strategic alliance and launch of XBRLit. | |
| more news >> | |