Automated Filing Services - News and Updates

News and Updates

The following news items are of interest to clients of Newsfile Corp.

Automated Filing Services Inc. and TNT Filings Inc. Merge

Posted: February 17th, 2010

On January 1st, 2010, Automated Filing Services Inc. and TNT Filings Inc. merged to form Newsfile Corp. Read the press release for more details.

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.

SEC Announces EDGAR's Successor

Posted: August 19th, 2008

Securities and Exchange Commission Chairman Christopher Cox today unveiled the successor to the agency’s 1980s-era EDGAR database, which will give investors far faster and easier access to key financial information about public companies and mutual funds.

Impact of NI 51-509 on US OTC Issuers

Posted: August 19th, 2008

The British Columbia Securities Commission has announced new SEDAR reporting requirements effective September 15, 2008 for issuers quoted in the U.S. Over-the-Counter Markets. Review the National Instrument itself or browse the Companion Policy.

SEC Announces XBRL Proposal

Posted: May 14th, 2008

The SEC today voted unanimously to formally propose using XBRL to get important information to investors faster, more reliably, and at a lower cost.

SEC to Decide on XBRL

Posted: May 5th, 2008

The SEC will propose rules mandating the use of XBRL during an open meeting on May 14, 2008.

Changeover to the SEC's New Smaller Reporting Company System

Posted: February 15th, 2008

The SEC has adopted a new system of disclosure rules for smaller companies filing periodic reports and registration statements with the SEC. The new rules are effective February 4, 2008. Form types 10QSB, 10KSB, SB-2, 10-SB, are slowly being phased out as a result of this new system. Companies with a year end of December 31st will be required to file under form types 10-K and 10-Q on reports beginning with the first quarter of 2008. Click to view a summary on the SEC web site.

Electronic Submission of Form D

Posted: February 15th, 2008

The SEC will be mandating the electronic filing of Form D through the internet beginning September 15, 2008. Click to view the official SEC rule release.

SEC Now Using U.S. Bank of St. Louis Missouri

Posted: February 4th, 2008

The U.S. Department of Treasury’s Financial Management Service has designated U.S. Bank of St. Louis, Missouri as the new Financial Agent for General Lockbox Services for the SEC. US Bank will take over this responsibility from Mellon Bank on February 4, 2008. All fee payments (wires and checks) must be submitted to US Bank on and after this date. No payments should be submitted to Mellon Bank after February 1, 2008.

Upcoming XBRL Seminar in Vancouver, BC

Posted: September 21st, 2007

Automated Filing Services Inc., a member of XBRL Canada, announces an XBRL conference will be taking place in Vancouver BC on October 2, 2007. See press release for more info.

SEC Cracks Down on Spam

Posted: March 9th, 2007

The SEC has suspended trading in the securities of 35 companies that have been the subject of recent and repeated spam email campaigns.

AFS Joins XBRL Canada

Posted: January 31st, 2007

Automated Filing Services Inc. has joined XBRL Canada, an organization focused on increasing the awareness, knowledge and understanding of XBRL and its uses in Canada, and to stimulate and promote the adoption of XBRL in Canada. The company has also launched a web page containing information regarding XBRL and the EDGAR system.

CSA Announces SEDAR XBRL Program

Posted: January 19th, 2007

The Canadian Securities Administrators (CSA) are establishing a program that will allow issuers to voluntarily file financial statements in XBRL format.

Upcoming XBRL Canada Conference

Posted: January 15th, 2007

On February 13th and 14th XBRL Canada will be hosting a conference designed to help those in the public sector learn more about XBRL and its adoption.

SEC Enhances Online Searches for Investors

Posted: November 14th, 2006

Securities and Exchange Commission Chairman Christopher Cox today announced that investors are now able to search the contents of the disclosure documents filed electronically with the SEC using a new full-text search tool on the Commission's website.

SEC Announces XBRL Contracts

Posted: September 25th, 2006

The SEC announced today a it had awarded three separate contracts totaling $54 million to transform the EDGAR disclosure system from a form-based electronic filing cabinet to a dynamic real-time search tool with interactive capabilities. The major investment in an "interactive data" system signals the agency's commitment to move away from the model of its current EDGAR database.

Calculation Form for OSC Fee

Posted: April 10th, 2006

Please visit the OSC web site to download a copy of the latest participation fee calculation form.

OSC Fee Changes

Posted: March 6th, 2006

The Ontario Securities Commission (OSC) has changed its participation fees. Click to learn more.

SEC Decreases Fee Rate

Posted: November 28th, 2005

The SEC has lowered the fee rate from $117.70 to $107.00 per million dollars being registered.

Changes to form cover pages

Posted: August 22nd, 2005

Effective Monday, August 22, filers will be required to include new text and a check box on Forms 10-K, 10-Q, 10-KSB 10-QSB, or 20-F identifying whether or not the registrant is a shell company. See the SEC web site for more info.

SEC to Release Comment / Response Letters

Posted: May 10th, 2005

The SEC has announced that on May 12, 2005, it will begin the process of publicly releasing comment letters and response letters relating to disclosure filings made after Aug. 1, 2004, and reviewed by the Division of Corporation Finance and the Division of Investment Management. View the official SEC press release.

Changes to disclosure obligations in Canada

Posted: January 19th, 2005

Subject to ministerial approval, on March 30, 2004, Canada’s securities regulators will implement a new rule, National Instrument 51-102 Continuous Disclosure Obligations, that will significantly change reporting issuers’ continuous disclosure obligations. Click for more information.

SEC Decreases Fee Rate

Posted: December 13th, 2004

As of December 13, 2004 the SEC fee rate has been decreased to $117.70 per million. See the SEC web site for the complete press release.

AFS Launches EDGAR Tools

Posted: November 1st, 2004

We have launched our Form 12b-25 Generator, Form 6-K Generator, and our Fee Calculator.

Upcoming EDGAR Deadline for Sep 30 Quarter

Posted: October 26th, 2004

The due date for non accelerated filers with a quarter end of September 30 is Monday, November 15.

BCSC Seminars

Posted: October 12th, 2004

What BC's New Securities Legislation Means To Your Business

Changes to 8-K Filing Requirements

Posted: August 23rd, 2004

New Form 8-K rules become effective Monday, August 23, 2004. Visit the SEC web site for the final rule, corrections to the final rule, and the new Form 8-K cover page and instruction set.

SEC Staff to Publicly Release Comment Letters

Posted: August 5th, 2004

The SEC will begin releasing comment letters and response letters relating to disclosure filings made after August 1, 2004 that are selected for review. Click here for more info.

SEDAR MD&A

Posted: May 26th, 2004

New SEDAR MD&A requirements; click for more information.

SEDAR Certifications

Posted: May 13th, 2004

New SEDAR certification requirements; click for more information.

Form IDs to be submitted electronically

Posted: April 26th, 2004

The SEC now requires applicants to submit Form IDs electronically. Click for more info.

SEC Increases Fee Rate

Posted: January 27th, 2004

The SEC will be increasing its fee rate to $126.70 per million effective January 28th, 2004. Click for complete info.

SEDI/SEDAR Fee Increase

Posted: December 4th, 2003

CDS has increased its SEDI annual filing service charges. For details, download the PDF document.

SEC Adopts Filing Fee Account Rule

Posted: October 21st, 2003

The Securities and Exchange Commission has adopted a new rule that provides for the return of unused filing fees held in filing fee accounts in which there has been no activity for 180 days. Visit the SEC web site for more info.

EDGAR Updates to 8-Ks and Certifications

Posted: July 22nd, 2003

The SEC will be updating item numbers on Form 8-Ks in addition to changing the way Section 302 and 906 certifications are to be filed. Visit the SEC web site for more info.

SEDI Open for Filings

Posted: June 12th, 2003

The System for Electronic Disclosure by Insiders (SEDI) is now accepting filings from both issuers and insiders.

SEDI Re-Launched

Posted: May 5th, 2003

The System for Electronic Disclosure by Insiders has been re-launched. Visit the SEDI web site to learn more.

Electronic Filing of Section 16 Document

Posted: May 5th, 2003

The SEC Online Forms website created to handle Section 16 filings went live on Monday, May 5th. Visit the SEC web site and load the submission form.

We've Moved

Posted: April 28th, 2003

Automated Filing Services has moved from its Howe Street location to 885 Dunsmuir Street. View our contact information.

CDS SEDAR Fee Update

Posted: April 15th, 2003

In order to fund the SEDI system, annual CDS SEDAR fees have increased for all reporting companies. Click to learn more.

SEDI Filing Resuming

Posted: April 15th, 2003

SEDI filing will resume on May 5, 2003; we will be providing SEDI filing services as of this time.

OSC Fee Changes

Posted: March 24th, 2003

The Ontario Securites Commission has altered its filing fee requirements. All SEDAR filers that report to Ontario should review the rule changes. Visit the OSC web site to learn more.

Foreign Issuers must file Electronically

Posted: October 1st, 2002

The SEC now requires all foreign issuers to report electronically via EDGAR; documents filed in paper will be returned. Visit the SEC web site to learn more.