Federal Register / Vol. 90, No. 19 / Thursday, January 30, 2025 / Rules and Regulations 8493 

1See FASB ASC 250–10–50–1 through 50–3 and 

IAS 8. See also, e.g., Item 302 of Regulation S–K 

[17 CFR 229.302] and PCAOB Auditing Standard 

2820 (par. 8). 

2 17 CFR 229.101, 105, and 303. 

3See also IAS 37. 

4See also IAS 1, Presentation of Financial 

Statements. 1See Rule 301 of Regulation S–T. 

2EDGAR Release 24.3 was deployed on 

September 16, 2024. 

3See Short Position and Short Activity Reporting 

by Institutional Investment Managers, Release No. 

34–98738 (Oct. 13, 2023) [88 FR 75100 (Nov. 1, 

2023)]. 

4See Short Position and Short Activity Reporting 

by Institutional Investment Managers, Release No. 

34–98738 (Oct. 13, 2023) [88 FR 75100 (Nov. 1, 

2023)]. 

5See Registration for Index-Linked Annuities and 

Registered Market Value Adjustment Annuities; 

Amendments to Form N–4 for Index-Linked 

Annuities, Registered Market Value Adjustment 

Annuities, and Variable Annuities; Other Technical 

Amendments, Release No. 33–11294 (July 1, 2024) 

[FR 89 FR 59978 (July 24, 2024)]. 

Topic 5.FF, an entity that has an obligation 

to safeguard crypto-assets for others should 

determine whether to recognize a liability 

related to the risk of loss under such an 

obligation, and if so, the measurement of 

such a liability, by applying the recognition 

and measurement requirements for liabilities 

arising from contingencies in Financial 

Accounting Standards Board Accounting 

Standards Codification (‘‘FASB ASC’’) 

Subtopic 450–20, Loss Contingencies, or 

International Accounting Standard (‘‘IAS’’) 

37, Provisions, Contingent Liabilities and 

Contingent Assets, under U.S. generally 

accepted accounting principles and IFRS 

Accounting Standards, respectively. Entities 

should effect the rescission of Topic 5.FF on 

a fully retrospective basis in annual periods 

beginning after December 15, 2024. Entities 

may elect to effect the rescission in any 

earlier interim or annual financial statement 

period included in filings with the 

Commission after the effective date of this 

SAB. Entities should include clear disclosure 

of the effects of a change in accounting 

principle upon initial application of this 

rescission.1

The staff reminds entities that they should 

continue to consider existing requirements to 

provide disclosures that allow investors to 

understand an entity’s obligation to safeguard 

crypto-assets held for others. These 

requirements include, but are not limited to, 

Items 101, 105, and 303 of Regulation S–K; 2

FASB ASC Subtopic 450–20; 3 and FASB 

ASC Topic 275, Risks and Uncertainties.4

Accordingly, the staff hereby amends the 

Staff Accounting Bulletin Series as follows: 

* * * * * 

Topic 5: Miscellaneous Accounting 

* * * * * 

FF. Removed by SAB 122 

[FR Doc. 2025–01864 Filed 1–29–25; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

17 CFR Part 232 

[Release Nos. 33–11341; 34–101914; 39– 

2559; IC–35419] 

Adoption of Updated EDGAR Filer 

Manual 

AGENCY: Securities and Exchange 

Commission. 

ACTION: Final rule. 

SUMMARY: The Securities and Exchange 

Commission (‘‘Commission’’) is 

adopting amendments to Volume II of 

the Electronic Data Gathering, Analysis, 

and Retrieval system Filer Manual 

(‘‘EDGAR Filer Manual’’ or ‘‘Filer 

Manual’’) and related rules and forms. 

EDGAR Release 24.4 will be deployed in 

the EDGAR system on December 16, 

2024. 

DATES: Effective January 30, 2025. The 

incorporation by reference of the revised 

Filer Manual is approved by the 

Director of the Federal Register as of 

January 30, 2025. 

FOR FURTHER INFORMATION CONTACT: For 

questions regarding the amendments to 

Volume II of the Filer Manual, please 

contact Rosemary Filou, Deputy 

Director and Chief Counsel, Jane 

Patterson, Senior Special Counsel, or 

Lidian Pereira, Senior Special Counsel, 

in the EDGAR Business Office at (202) 

551–3900. For questions regarding the 

filing of Form SHO, please contact 

Timothy M. Riley, Branch Chief, or 

Patrice M. Pitts, Special Counsel, Office 

of Trading Practices, Division of Trading 

and Markets at (202) 551–5777. For 

questions regarding registering the 

offerings of registered index-linked 

annuities and registered market value 

annuities, please contact Heather 

Fernandez, Financial Analyst, in the 

Division of Investment Management at 

(202) 551–6708. For questions regarding 

Variable Insurance Products XBRL 

taxonomy, please contact the Office of 

Structured Disclosure in the Division of 

Economic and Risk Analysis at (202) 

551–5494. For questions regarding filing 

formats for Schedules 13D and 13G with 

XML-Based Filing Format, please 

contact Robert Errett, Sean Harrison, or 

Joseph Lonergan in the Disclosure 

Management Office in the Division of 

Corporation Finance at (202) 551–3225. 

SUPPLEMENTARY INFORMATION: We are 

adopting an updated Filer Manual, 

Volume II: ‘‘EDGAR Filing,’’ Version 72 

(December 2024) and amendments to 17 

CFR 232.301 (‘‘Rule 301’’). The updated 

Filer Manual is incorporated by 

reference into the Code of Federal 

Regulations. 

I. Background 

The Filer Manual contains 

information needed for filers to make 

submissions on EDGAR. 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.1 Filers 

must consult the Filer Manual in 

conjunction with our rules governing 

mandated electronic filings when 

preparing documents for electronic 

submission. 

II. EDGAR System Changes and 

Associated Modifications to Volume II 

of the Filer Manual 

EDGAR is being updated in EDGAR 

Release 24.4 and corresponding 

amendments to Volume II of the Filer 

Manual are being made to reflect these 

changes, as described below.2

New Form SHO 

On October 13, 2023, the SEC adopted 

new Rule 13f–2 and related Form SHO 

to provide greater transparency through 

the publication of short sale-related data 

to investors and other market 

participants. Under Rule 13f–2, an 

institutional investment manager 

(‘‘Manager’’) that meets certain 

prescribed reporting thresholds will 

report certain short position and short 

activity data for certain equity securities 

on Form SHO.3 A Manager will file 

Form SHO using either a fillable web 

form available on EDGAR, or its own 

software tool that utilizes a Form SHOspecific XML. The Commission will 

thereafter anonymize, aggregate, and 

publish certain data collected from the 

forms received. EDGAR will be updated 

in accord with this new rule.4

Forms Related to Registering the 

Offerings of Registered Index-Linked 

Annuities (‘‘RILAs’’) and Registered 

Market Value Adjustment Annuities 

On July 1, 2024, the Commission 

adopted Registration for Index-Linked 

Annuities and Registered Market Value 

Adjustment Annuities; Amendments to 

Form N–4 for Index-Linked Annuities, 

Registered Market Value Adjustment 

Annuities, and Variable Annuities; 

Other Technical Amendments.5 The 

Rule requires RILAs and registered 

market value adjustment annuities 

(collectively, ‘‘non-variable annuities’’) 

to register on Form N–4 and pay their 

fees on Form 24F–2. The following 

changes will be made to allow filers to 

comply with the new requirements: 

• EDGAR will be modified to 

automatically accept initial Form N–4 

submissions from Securities Act of 1933 


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8494 Federal Register / Vol. 90, No. 19 / Thursday, January 30, 2025 / Rules and Regulations 

6See Modernization of Beneficial Ownership 

Reporting, Release No. 33–11253 (Oct. 10, 2023) [88 

FR 76896 (Nov. 7, 2023)]. 

7 5 U.S.C. 553(b)(A). 

8 5 U.S.C. 601 through 612. 

9 5 U.S.C. 804(3)(c). 

10 5 U.S.C. 553(d)(3). 

11 15 U.S.C. 77f, 77g, 77h, 77j, and 77s(a). 

12 15 U.S.C. 78c, 78l, 78m, 78n, 78o, 78o–4, 78w, 

and 78ll. 

13 15 U.S.C. 77sss. 14 15 U.S.C. 80a–8, 80a–29, 80a–30, and 80a–37. 

(‘‘1933 Act’’)-only filers. Upon 

acceptance, EDGAR will assign a new 

1933 Act File Number (‘‘333–’’) to the 

submission. 

• EDGAR will no longer require 

registrants with an investment company 

type of N–4 to have an Investment 

Company Act of 1940 file number 

(‘‘811–’’) in order to make N–VPFS 

filings. N–VPFS filings made by nonvariable annuities will be accepted in 

EDGAR as long as the filer has a 1933 

Act File Number. 

• Three new exhibits will be available 

to Form N–4 filers: 

Æ EX–99.4p PWR ATTY 

Æ EX–99.4q ACCT LTR 

Æ EX–99.4r HISTORIC 

• EDGAR will be updated to accept 

the 2024Q4 version of the Variable 

Insurance Products (‘‘VIP’’) XBRL 

taxonomy, which incorporates new 

disclosure requirements on Form N–4 

for non-variable annuities. 

• The Form 24F–2 online application 

and XML schema will be modified to 

include updates to Form 24F–2 

introduced by the Rule. After the date 

of this EDGAR release, all Form 24F–2 

filers will need to comply with the 

updated requirements. Submissions 

created using earlier versions of the 

schema will be suspended. 

Additionally, online form filers will be 

unable to restore a Form 24F–2 created 

and saved prior to the release date and 

will be prompted to create a new filing. 

• Descriptive text throughout the 

EDGAR Filer Manual will be updated to 

clarify that certain submission types and 

EDGAR functionality previously only 

used by investment companies will now 

also apply to non-variable annuities. 

Replacement of Filing Formats for 

Schedules 13D and 13G With XMLBased Filing Format 

In October 2023, the Commission 

adopted amendments that require 

beneficial ownership reports on 

Schedules 13D and 13G to be filed using 

a structured, machine-readable data 

language.6 EDGAR is being updated to 

replace the HTML and ASCII filing 

formats for Schedules 13D and 13G with 

an XML-based filing format. 

Removal of Screenshots From Chapters 

5 and 7 

The Filer Manual Volume II will be 

updated to remove screenshots from 

Chapters 5 and 7 that duplicate 

instructions provided in the text. 

Clarification of the Title of Chapter 3 

The title of Chapter 3 of the Filer 

Manual Volume II will be clarified to 

include reference to submission types 

and as amended will read ‘‘Index to 

Forms and Submission Types’’. 

III. Amendments to Rule 301 of 

Regulation S–T 

Along with the adoption of the 

updated 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 the 

current 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 is 

available at https://www.sec.gov/edgar/ 

filerinformation/current-edgar-filermanual. 

IV. Administrative Law Matters 

Because the Filer Manual and rule 

amendments relate solely to agency 

procedures or practice and do not 

substantially alter the rights and 

obligations of non-agency parties, 

publication for notice and comment is 

not required under the Administrative 

Procedure Act (‘‘APA’’).7 It follows that 

the amendments do not require analysis 

under requirements of the Regulatory 

Flexibility Act 8 or a report to Congress 

under the Small Business Regulatory 

Enforcement Fairness Act of 1996.9

The effective date for the updated 

Filer Manual and related rule 

amendments is January 30, 2025. In 

accordance with the APA,10 we find that 

there is good cause to establish an 

effective date less than 30 days after 

publication of these rules. 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 the related 

system upgrades. 

V. Statutory Basis 

We are adopting the amendments to 

Regulation S–T under the authority in 

sections 6, 7, 8, 10, and 19(a) of the 

Securities Act of 1933,11 sections 3, 12, 

13, 14, 15, 15B, 23, and 35A of the 

Securities Exchange Act of 1934,12

section 319 of the Trust Indenture Act 

of 1939,13 and sections 8, 30, 31, and 38 

of the Investment Company Act of 

1940.14

List of Subjects in 17 CFR Part 232 

Incorporation by reference, Reporting 

and recordkeeping requirements, 

Securities. 

Text of the Amendments 

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 

■ 1. The general authority citation for 

part 232 continues to read as follows: 

Authority: 15 U.S.C. 77c, 77f, 77g, 77h, 77j, 

77s(a), 77z–3, 77sss(a), 78c(b), 78l, 78m, 78n, 

78n–1, 78o(d), 78w(a), 78ll, 80a–6(c), 80a–8, 

80a–29, 80a–30, 80a–37, 7201 et seq.; and 18 

U.S.C. 1350, unless otherwise noted. 

* * * * * 

■ 2. Section 232.301 is revised to read 

as follows: 

§ 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 forth the 

technical formatting requirements for 

electronic submissions. The 

requirements for becoming an EDGAR 

Filer and updating company data are set 

forth in the EDGAR Filer Manual, 

Volume I: ‘‘General Information,’’ 

Version 41 (December 2022). The 

requirements for filing on EDGAR are 

set forth in the updated EDGAR Filer 

Manual, Volume II: ‘‘EDGAR Filing,’’ 

Version 72 (December 2024). 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 inspection at the 

Commission and at the National 

Archives and Records Administration 

(NARA). The EDGAR Filer Manual is 

available for website viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE, 

Washington, DC 20549, on official 

business days between the hours of 10 

a.m. and 3 p.m. Operating conditions 

may limit access to the Commission’s 

Public Reference Room. For information 

on the availability of the EDGAR Filer 

Manual at NARA, visit 


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Federal Register / Vol. 90, No. 19 / Thursday, January 30, 2025 / Rules and Regulations 8495 

1 5 CFR 1320.12. 2Regulations Implementing the National 

Environmental Policy Act, Order No. 486, 52 FR 

47897 (Dec. 17, 1987), FERC Stats. & Regs. ¶ 30,783. 

3 18 CFR 380.4(a)(1). 

4 5 U.S.C. 601–12. 

www.archives.gov/federal-register/cfr/ 

ibr-locations.html or email 

fr.inspection@nara.gov. The EDGAR 

Filer Manual may also be obtained from 

https://www.sec.gov/edgar/ 

filerinformation/current-edgar-filermanual. 

By the Commission. 

Dated: December 16, 2024. 

J. Matthew DeLesDernier, 

Deputy Secretary. 

[FR Doc. 2025–01923 Filed 1–29–25; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF ENERGY 

Federal Energy Regulatory 

Commission 

18 CFR Part 381 

[Docket No. RM25–5–000] 

Annual Update of Filing Fees 

AGENCY: Federal Energy Regulatory 

Commission (Commission or FERC), 

Department of Energy (DOE). 

ACTION: Final rule; annual update of 

Commission filing fees. 

SUMMARY: In accordance with the 

Commission’s regulations, the 

Commission issues this update of its 

filing fees. This document provides the 

yearly update using data in the 

Commission’s Financial System to 

calculate the new fees. The purpose of 

updating is to adjust the fees on the 

basis of the Commission’s costs for 

Fiscal Year 2024. 

DATES: Effective March 3, 2025. 

FOR FURTHER INFORMATION CONTACT: 

Muhammed Fofana, Office of the 

Executive Director, Federal Energy 

Regulatory Commission, 888 1st Street 

NE, Washington, DC 20426, 202–502– 

6046, Muhammed.Fofana@ferc.gov. 

SUPPLEMENTARY INFORMATION: 

I. Introduction 

1. The Commission is issuing this 

document to update filing fees that the 

Commission assesses for specific 

services and benefits provided to 

identifiable beneficiaries. Pursuant to 18 

CFR 381.104, the Commission is 

establishing updated fees on the basis of 

the Commission’s Fiscal Year 2024 

costs. 

II. Information Collection Statement 

2. The Office of Management and 

Budget (OMB) approves certain 

information collection requirements 

imposed by agency rule.1 However, this 

rule does not contain any new or 

additional information collection 

requirements. Therefore, compliance 

with OMB’s regulations is not required. 

III. Environmental Analysis 

3. The Commission is required to 

prepare an Environmental Assessment 

or an Environmental Impact Statement 

for any action that may have a 

significant adverse effect on the human 

environment.2

4. Part 380 of the Commission’s 

regulations lists exemptions to the 

requirement to draft an Environmental 

Analysis or Environmental Impact 

Statement. Included is an exemption for 

procedural, ministerial, or internal 

administrative actions.3 Accordingly, 

this rulemaking is exempt from the 

requirement to draft such documents 

under that provision. 

IV. Regulatory Flexibility Act 

5. The Regulatory Flexibility Act of 

1980 (RFA) 4 generally requires a 

description and analysis of final rules 

that will have a significant economic 

impact on a substantial number of small 

entities. This rule concerns an update to 

filing fees. The Commission certifies 

that it will not have a significant 

economic impact upon participants in 

Commission proceedings. An analysis 

under the RFA is therefore not required. 

V. Document Availability 

6. In addition to publishing the full 

text of this document in the Federal 

Register, the Commission provides all 

interested persons an opportunity to 

view and/or print the contents of this 

document via the internet through the 

Commission’s Home Page (https://

www.ferc.gov). 

7. From FERC’s Home Page on the 

internet, this information is available on 

eLibrary. The full text of this document 

is available on eLibrary in PDF and 

Microsoft Word format for viewing, 

printing, and/or downloading. To access 

this document in eLibrary, type the 

docket number excluding the last three 

digits of this document in the docket 

number field. 

8. User assistance is available for 

eLibrary and the FERC’s website during 

normal business hours from FERC 

Online Support at (202) 502–6652 (toll 

free at 1–866–208–3676) or email at 

ferconlinesupport@ferc.gov, or the 

Public Reference Room at (202) 502– 

8371, TTY (202) 502–8659. Email the 

Public Reference Room at 

public.referenceroom@ferc.gov. 

VI. Effective Date 

9. The Commission is issuing this rule 

as a final rule without a period for 

public comment. Under 5 U.S.C. 

553(b)(3)(A), notice-and-comment 

rulemaking procedures are unnecessary 

for ‘‘rules of agency organization, 

procedure, or practice.’’ This rule is 

therefore exempt from notice-andcomment rulemaking procedures 

because it concerns the Commission’s 

procedures and practices. In particular, 

the rule adjusts filing fee amounts. The 

rule will not significantly affect 

regulated entities or the general public. 

10. This rule is effective March 3, 

2025. 

The new fee schedule is as follows: 

Fees Applicable to the Natural Gas Policy Act 

1. Petitions for rate approval pursuant to 18 CFR 284.123(b)(2). (18 CFR 381.403) ........................................................................ $20,360 

Fees Applicable to General Activities 

1. Petition for issuance of a declaratory order (except under Part I of the Federal Power Act). (18 CFR 381.302(a)) .................... 40,900 

2. Review of a Department of Energy remedial order: 

Amount in controversy: 

$0–9,999. (18 CFR 381.303(b)) ............................................................................................................................................ 100 

$10,000–29,999. (18 CFR 381.303(b)) ................................................................................................................................. 600 

$30,000 or more. (18 CFR 381.303(a)) ................................................................................................................................ 59,710 

3. Review of a Department of Energy denial of adjustment: 

Amount in controversy: 


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