Securities Advisory: Electronic Filing and Website Posting of Section 16 Forms
5/14/2003
In response to the mandates of Section 403 of the Sarbanes-Oxley Act of 2002 (the "Act"), the Securities and Exchange Commission (SEC) recently issued final rules regarding the mandatory electronic filing via the SEC's Electronic Data Gathering, Analysis and Retrieval (EDGAR) system of all reports required to be filed under Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The new rules will also require issuers to post all Section 16 reports filed with respect to their securities on their corporate websites.
These rules will take effect on June 30, 2003. All Section 16 reports that are required to be filed on or after that date (1) may no longer be filed in paper ormat, and must instead be filed electronically via the EDGAR system, and (2) must be posted by issuers on their websites.
This issue discusses details relating to compliance with these new regulations.
