Wednesday, September 26, 2012

SEC to Receive Draft JOBS Act Registrations on EDGAR

The SEC’s Division of Corporation Finance has announced that draft, confidential emerging growth companies’ (EGCs) JOBS Act registration statements may soon be submitted through EDGAR. Earlier this year, the SEC devised a secure email system to receive EGC draft registrations as well as certain filings of foreign private issuers. Modifications to EDGAR for these submissions are expected to be available by Monday, October 1, 2012. According to CorpFin, firms will be able to choose the secure email system or EDGAR to submit draft registrations. Submissions via EDGAR will be mandatory when the EDGAR Filer Manual for the version 12.2 EDGAR release is effective. CorpFin also published guidance for making JOBS Act submissions on EDGAR.