Document ID: SEC-2009-0474-0001
Agency: sec
Document Type: Rule
Title: Interactive Data To Improve Financial Reporting
Posted Date: 2009-04-07T04:00Z

[Federal Register: April 7, 2009 (Volume 74, Number 65)]
[Rules and Regulations]               
[Page 15666-15669]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr07ap09-7]                         

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SECURITIES AND EXCHANGE COMMISSION

17 CFR Parts 232, 239 and 249

[Release Nos. 33-9002A; 34-59324A; 39-2461A; IC-28609A; File No. S7-11-
08]
RIN 3235-AJ71

 
Interactive Data To Improve Financial Reporting

AGENCY: Securities and Exchange Commission.

ACTION: Final rule; correction.

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SUMMARY: We are making technical corrections to rules adopted in 
Release No. 33-9002 (January 30, 2009), which were published in the 
Federal Register on February 10, 2009 (74 FR 6776). The rules relate to 
requiring specified public companies and foreign private issuers to 
provide financial statement information to the Commission and on their 
corporate Web sites in interactive data format using the eXtensible 
Business Reporting Language (XBRL).

DATES: Effective Date: April 13, 2009.

FOR FURTHER INFORMATION CONTACT: Mark W. Green, Senior Special Counsel 
(Regulatory Policy), Division of Corporation Finance at (202) 551-3430; 
or Jeffrey W. Naumann, Assistant Director, Office of Interactive 
Disclosure at (202) 551-5352, U.S. Securities and Exchange Commission, 
100 F Street, NE., Washington, DC 20549-3628.

SUPPLEMENTARY INFORMATION: We are correcting Rules 201,\1\ 202 \2\ and 
405 \3\ of Regulation S-T \4\ and Forms F-9 \5\ and F-10 \6\ under the 
Securities Act of 1933 (Securities Act) \7\ and Forms 20-F,\8\ 40-F \9\ 
and 6-K \10\ under the Securities Exchange Act of 1934 (Exchange Act) 
\11\ as published.\12\
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    \1\ 17 CFR 232.201.
    \2\ 17 CFR 232.202.
    \3\ 17 CFR 232.405.
    \4\ 17 CFR 232.10 et seq.
    \5\ 17 CFR 239.39.
    \6\ 17 CFR 239.40.
    \7\ 15 U.S.C. 77a et seq.
    \8\ 17 CFR 249.220f.
    \9\ 17 CFR 249.240f.
    \10\ 17 CFR 249.306.
    \11\ 15 U.S.C. 78a et seq.
    \12\ The corrections we are making in this release do not affect 
the amendments we adopted in Release No. 33-9006 (Feb. 11, 2009) [74 
FR 7748] even though some of the amendments restated text that we 
now are correcting. We anticipate, however, that we will make 
conforming corrections to such amendments.
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I. Discussion of Corrections

A. Rule 201--Temporary Hardship Exemption

    In the introductory text of paragraph (a) \13\ of Rule 201, we 
inadvertently omitted language that became part of the text effective 
January 1, 2009 \14\ and serves to exclude from temporary hardship 
exemption availability an application for an order under any section of 
the Investment Company Act.\15\ We are correcting that omission.
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    \13\ 17 CFR 232.201(a).
    \14\ See Release No. 33-8981 (Oct. 29, 2008) [73 FR 65516].
    \15\ 15 U.S.C. 80a-1 et seq.

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[[Page 15667]]

B. Rule 202--Continuing Hardship Exemption

    We are correcting a typographical error in the introductory text of 
paragraph (a) \16\ of Rule 202 and correcting paragraphs (a)(2) \17\ 
and (b)(2) \18\ of Rule 202 by adding words and punctuation 
inadvertently omitted.
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    \16\ 17 CFR 202(a).
    \17\ 17 CFR 202(a)(2).
    \18\ 17 CFR 202(b)(2).
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C. Rule 405--Interactive Data File Submissions and Postings

    We are correcting cross-references in preliminary note 1 to, 
paragraph (a) \19\ of, and the note following, Rule 405.
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    \19\ 17 CFR 405(a).
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D. Forms F-9 and F-10--Securities Act Registration Statements

    We are correcting typographical errors in the amendatory language 
for Forms F-9 and F-10 and correcting typographical errors and cross-
references in paragraph (101) of Part II--Information not Required to 
be Delivered to Offerrees or Purchasers of both forms.

E. Form 20-F--Exchange Act Annual Report and Registration Statement

    We are correcting cross-references in paragraph 101 of the 
Instructions as to Exhibits of Form 20-F.

F. Form 40-F

    We are correcting an erroneous new paragraph number and 
typographical error in the amendatory language related to Form 40-F and 
correcting the paragraph number of, and cross-references and a 
typographical error in, the new paragraph added to General Instruction 
B of the form. We inadvertently designated the new paragraph with the 
number of an existing paragraph. We are correcting that error by 
designating the new paragraph as paragraph (15) of General Instruction 
B.

G. Form 6-K

    We are correcting a typographical error in the amendatory language 
related to adding a new last paragraph to General Instruction C of Form 
6-K and correcting cross-references and typographical errors within, 
and the designation of the last subparagraph of, the new paragraph. We 
are designating the last subparagraph of the new paragraph as ``(c).''

II. Correction of Publication

0
Accordingly, we correct the rules in Release No. 33-9002 (January 30, 
2009) as published in the Federal Register on February 10, 2009 (74 FR 
6776) in FR Doc. E9-2334 as follows:

Sec.  232.201   [Corrected]

0
1. On page 6813, in the second column, in the fourteenth line of the 
introductory text of paragraph (a) of Sec.  232.201, ``chapter), or an 
Interactive Data File'' is corrected to read ``chapter), an application 
for an order under any section of the Investment Company Act (15 U.S.C. 
80a-1 et seq.), or an Interactive Data File''.

Sec.  232.202   [Corrected]

0
2. On page 6813, in the third column, in the seventeenth line of the 
introductory text of paragraph (a) of Sec.  232.202, ``of'' is 
corrected to read ``or''.
0
3. On page 6813, in the third column, in the tenth line of paragraph 
(a)(2) of Sec.  232.202, ``filing or submission date,'' is corrected to 
read ``filing, submission, or posting date,''.
0
4. On page 6813, in the third column, in the first line of paragraph 
(b)(2) of Sec.  232.202, ``expense to'' is corrected to read ``expense 
involved to''.

Sec.  232.405   [Corrected]

0
5. On page 6814, in the third column, the last seventeen lines of 
Preliminary Note 1 to Sec.  232.405 are corrected to read as follows:

    ``(Sec.  229.601(b)(101) of this chapter), paragraph (101) of 
Part II--Information not Required to be Delivered to Offerees or 
Purchasers of both Form F-9 (Sec.  239.39 of this chapter) and Form 
F-10 (Sec.  239.40 of this chapter), paragraph 101 of the 
Instructions as to Exhibits of Form 20-F (Sec.  249.220f of this 
chapter), paragraph B.(15) of the General Instructions to Form 40-F 
(Sec.  249.240f of this chapter) and paragraph C.(6) of the General 
Instructions to Form 6-K (Sec.  249.306 of this chapter) specify 
when electronic filers are required or permitted to submit or post 
an Interactive Data File (Sec.  232.11), as further described in the 
Note to Sec.  232.405.''

0
6. On page 6814, in the third column, the introductory text of 
paragraph (a)(2) of Sec.  232.405 is corrected to read as follows:

    ``(2) Be submitted only by an electronic filer either required 
or permitted to submit an Interactive Data File as specified by Item 
601(b)(101) of Regulation S-K, paragraph (101) of Part II--
Information not Required to be Delivered to Offerees or Purchasers 
of either Form F-9 or Form F-10, paragraph 101 of the Instructions 
as to Exhibits of Form 20-F, paragraph B.(15) of the General 
Instructions to Form 40-F or paragraph C.(6) of the General 
Instructions to Form 6-K, as applicable, as an exhibit to:''

0
7. Beginning on page 6814 in the third column and continuing on page 
6815 in the first column, paragraph (a)(3) of Sec.  232.405 is 
corrected to read as follows:

    ``(3) Be submitted in accordance with the EDGAR Filer Manual 
and, as applicable, either Item 601(b)(101) of Regulation S-K, 
paragraph (101) of Part II--Information not Required to be Delivered 
to Offerees or Purchasers of either Form F-9 or Form F-10, paragraph 
101 of the Instructions as to Exhibits of Form 20-F, paragraph 
B.(15) of the General Instructions to Form 40-F or paragraph C.(6) 
of the General Instructions to Form 6-K; and''

0
8. On page 6815, in the first column, paragraph (a)(4) of Sec.  232.405 
is corrected to read as follows:

    ``(4) Be posted on the electronic filer's corporate Web site, if 
any, in accordance with, as applicable, either Item 601(b)(101) of 
Regulation S-K, paragraph (101) of Part II--Information not Required 
to be Delivered to Offerees or Purchasers of either Form F-9 or Form 
F-10, paragraph 101 of the Instructions as to Exhibits of Form 20-F, 
paragraph B.(15) of the General Instructions to Form 40-F or 
paragraph C.(6) of the General Instructions to Form 6-K.''

0
9. On page 6816, in the first column, the Note to Sec.  232.405 is 
corrected to read as follows:

    ``Note to Sec.  232.405: Item 601(b)(101) of Regulation S-K 
specifies the circumstances under which an Interactive Data File 
must be submitted as an exhibit and be posted to the issuer's 
corporate Web site, if any, and the circumstances under which it is 
permitted to be submitted as an exhibit, with respect to Forms S-1 
(Sec.  239.11 of this chapter), S-3 (Sec.  239.13 of this chapter), 
S-4 (Sec.  239.25 of this chapter), S-11 (Sec.  239.18 of this 
chapter), F-1 (Sec.  239.31 of this chapter), F-3 (Sec.  239.33 of 
this chapter), F-4 (Sec.  239.34 of this chapter), 10-K (Sec.  
249.310 of this chapter), 10-Q (Sec.  249.308a of this chapter) and 
8-K (Sec.  249.308 of this chapter). Paragraph (101) of Part II--
Information not Required to be Delivered to Offerees or Purchasers 
of both Form F-9 and Form F-10 specifies the circumstances under 
which an Interactive Data File must be submitted as an exhibit and 
be posted to the issuer's corporate Web site, if any, and the 
circumstances under which it is permitted to be submitted as an 
exhibit, with respect to Form F-9 and Form F-10, respectively. 
Paragraph 101 of the Instructions as to Exhibits of Form 20-F 
specifies the circumstances under which an Interactive Data File 
must be submitted as an exhibit and be posted to the issuer's 
corporate Web site, if any, and the circumstances under which it is 
permitted to be submitted as an exhibit, with respect to Form 20-F. 
Paragraph B.(15) of the General Instructions to Form 40-F and 
Paragraph C.(6) of the General Instructions to Form 6-K specify the 
circumstances under which an Interactive Data File must be submitted 
as an exhibit and be posted to the issuer's corporate Web site, if 
any, and the circumstances under which it is permitted to be 
submitted as an exhibit, with respect to Form 40-F and Form 6-K, 
respectively. Item 601(b)(101) of Regulation S-K, paragraph (101) of 
Part II--Information not Required to be Delivered to Offerees or 
Purchasers of both

[[Page 15668]]

Form F-9 and Form F-10, paragraph 101 of the Instructions as to 
Exhibits of Form 20-F, paragraph B.(15) of the General Instructions 
to Form 40-F and paragraph C.(6) of the General Instructions to Form 
6-K all prohibit submission of an Interactive Data File by an issuer 
that prepares its financial statements in accordance with Article 6 
of Regulation S-X (17 CFR 210.6-01 et seq.)''.

Sec.  239.39   [Corrected]

0
10. On page 6817, in the third column, the amendatory language for 
amendment 21 is corrected to read as follows:

    ``21. Amend Form F-9 (referenced in Sec.  239.39) by reserving 
paragraphs (8) through (100) and adding paragraph (101) at the end 
of ``Part II--Information not Required to be Delivered to Offerees 
or Purchasers'' to read as follows:''.

0
11. Beginning on page 6817, in the third column and continuing on page 
6818 in the first column, paragraph (101) of Part II--Information not 
Required To Be Delivered to Offerees or Purchasers of Form F-9, correct 
paragraphs (101)(a), introductory text, (101)(a)(ii), (101)(a)(iii), 
and (101)(b)(ii) to read as follows:

    ``(101) * * *
    (a) Required to be submitted and posted. Required to be 
submitted to the Commission and posted on the registrant's corporate 
Web site, if any, in the manner provided by Rule 405 of Regulation 
S-T (Sec.  232.405 of this chapter) if the Registrant does not 
prepare its financial statements in accordance with Article 6 of 
Regulation S-X (17 CFR 210.6-01 et seq.) and is described in 
subparagraph (a)(i), (ii), or (iii) of this paragraph (101), except 
that an Interactive Data File: first is required for a periodic 
report on Form 10-Q (Sec.  249.308a of this chapter), Form 20-F 
(Sec.  249.220f of this chapter) or Form 40-F (Sec.  249.240f of 
this chapter), as applicable; and is required for a registration 
statement under the Securities Act only if the registration 
statement contains a price or price range:
* * * * *
    (ii) A large accelerated filer not specified in subparagraph 
(a)(i) of this paragraph (101) that prepares its financial 
statements in accordance with generally accepted accounting 
principles as used in the United States and the filing contains 
financial statements of the registrant for a fiscal period that ends 
on or after June 15, 2010; or
    (iii) A filer not specified in subparagraph (a)(i) or (a)(ii) of 
this paragraph (101) that prepares its financial statements in 
accordance with either generally accepted accounting principles as 
used in the United States or International Financial Reporting 
Standards as issued by the International Accounting Standards Board, 
and the filing contains financial statements of the registrant for a 
fiscal period that ends on or after June 15, 2011.
    (b) * * *
    (ii) Interactive Data File is not required to be submitted to 
the Commission under subparagraph (a) of this paragraph (101).''

Sec.  239.40   [Corrected]

0
12. On page 6818, in the first column, the amendatory language for 
amendment 22 is corrected to read as follows:

    22. ``Amend Form F-10 (referenced in Sec.  239.40) by reserving 
paragraphs (8) through (100) and adding paragraph (101) at the end 
of ``Part II--Information not Required to be Delivered to Offerees 
or Purchasers'' to read as follows:''.

0
13. On page 6818, beginning in the second column and continuing on to 
the third column, paragraph (101) of Part II--Information not Required 
To Be Delivered to Offerees or Purchasers of Form F-10, correct 
paragraphs (101)(a), introductory text, (101)(a)(ii), (101)(a)(iii), 
and (101)(b)(ii) to read as follows:

    ``(101) * * *
    (a) Required to be submitted and posted. Required to be 
submitted to the Commission and posted on the registrant's corporate 
Web site, if any, in the manner provided by Rule 405 of Regulation 
S-T (Sec.  232.405 of this chapter) if the Registrant does not 
prepare its financial statements in accordance with Article 6 of 
Regulation S-X (17 CFR 210.6-01 et seq.) and is described in 
subparagraph (a)(i), (ii), or (iii) of this paragraph (101), except 
that an Interactive Data File: first is required for a periodic 
report on Form 10-Q (Sec.  249.308a of this chapter), Form 20-F 
(Sec.  249.220f of this chapter) or Form 40-F (Sec.  249.240f of 
this chapter), as applicable; and is required for a registration 
statement under the Securities Act only if the registration 
statement contains a price or price range:
* * * * *
    (ii) A large accelerated filer not specified in subparagraph 
(a)(i) of this paragraph (101) that prepares its financial 
statements in accordance with generally accepted accounting 
principles as used in the United States and the filing contains 
financial statements of the registrant for a fiscal period that ends 
on or after June 15, 2010; or
    (iii) A filer not specified in subparagraph (a)(i) or (a)(ii) of 
this paragraph (101) that prepares its financial statements in 
accordance with either generally accepted accounting principles as 
used in the United States or International Financial Reporting 
Standards as issued by the International Accounting Standards Board, 
and the filing contains financial statements of the registrant for a 
fiscal period that ends on or after June 15, 2011.
    (b) * * *
    (ii) Interactive Data File is not required to be submitted to 
the Commission under subparagraph (a) of this paragraph (101).''

Sec.  249.220f   [Corrected]

0
14. On page 6819, in the third column, paragraphs (a)(ii) and (a)(iii) 
of paragraph 101 of the Instructions as to Exhibits of Form 20-F are 
corrected to read as follows:

    ``(ii) A large accelerated filer not specified in subparagraph 
(a)(i) of this paragraph 101 that prepares its financial statements 
in accordance with generally accepted accounting principles as used 
in the United States and the filing contains financial statements of 
the registrant for a fiscal period that ends on or after June 15, 
2010; or
    (iii) A filer not specified in subparagraph (a)(i) or (a)(ii) of 
this paragraph 101 that prepares its financial statements in 
accordance with either generally accepted accounting principles as 
used in the United States or International Financial Reporting 
Standards as issued by the International Accounting Standards Board, 
and the filing contains financial statements of the registrant for a 
fiscal period that ends on or after June 15, 2011.''

0
15. On page 6820, in the first column, paragraph (b)(ii) of paragraph 
101 of the Instructions as to Exhibits of Form 20-F is corrected to 
read as follows:

    ``(ii) Interactive Data File is not required to be submitted to 
the Commission under subparagraph (a) of this paragraph 101.''

Sec.  249.240f   [Corrected]

0
16. On page 6820, in the first column, in the first line of amendment 
31.b, ``Add paragraph B.(7)'' is corrected to read ``Adding paragraph 
B.(15)''.
0
17. On page 6820, in the first column, in the first line under the 
heading General Instruction B., ``(7)'' is corrected to read ``(15)''.
0
18. On page 6820, in the first column, in the ninth line of the 
introductory text of newly corrected paragraph B.(15)(a) of the General 
Instructions of Form 40-F, ``registrant is does'' is corrected to read 
``registrant does''.
0
19. On page 6820, in the second column, paragraphs (a)(ii) and (a)(iii) 
of newly corrected paragraph B.(15) of the General Instructions of Form 
40-F are corrected to read as follows:

    ``(ii) A large accelerated filer not specified in subparagraph 
(a)(i) of this paragraph (15) that prepares its financial statements 
in accordance with generally accepted accounting principles as used 
in the United States and the filing contains financial statements of 
the registrant for a fiscal period that ends on or after June 15, 
2010; or
    (iii) A filer not specified in subparagraph (a)(i) or (a)(ii) of 
this paragraph (15) that prepares its financial statements in 
accordance with either generally accepted accounting principles as 
used in the United States or International Financial Reporting 
Standards as issued by the International Accounting Standards Board, 
and the filing contains financial statements of the registrant for a 
fiscal period that ends on or after June 15, 2011.''

0
20. On page 6820, in the second column, paragraph (b)(ii) of newly

[[Page 15669]]

corrected paragraph B.(15) of the General Instructions of Form 40-F is 
corrected to read as follows:

    ``(ii) Interactive Data File is not required to be submitted to 
the Commission under subparagraph (a) of this paragraph (15).''

Sec.  249.306  [Corrected]

0
21. On page 6820, in the second column, the amendatory language for 
amendment 32, is corrected to read as follows:

    ``32. Amend Form 6-K (referenced in Sec.  249.306) by revising 
paragraph (5) and adding paragraph (6) to General Instruction C to 
read as follows:''.

0
22. Beginning on page 6820 in the third column and continuing on page 
6821 in the first and second columns, correct paragraphs (6)(a), 
introductory text, (6)(a)(ii), (6)(a)(iii), and (6)(b)(ii) to General 
Instruction C of Form 6-K to read as follows:
    ``(6) * * *
    (a) Required to be submitted and posted. Required to be 
submitted to the Commission and posted on the registrant's corporate 
Web site, if any, in the manner provided by Rule 405 of Regulation 
S-T (Sec.  232.405 of this chapter) and, as submitted, listed as 
exhibit 101, if the registrant does not prepare its financial 
statements in accordance with Article 6 of Regulation S-X (17 CFR 
210.6-01 et seq.) and is described in subparagraph (a)(i), (ii), or 
(iii) of this paragraph (6), except that an Interactive Data File: 
first is required for a periodic report on Form 10-Q (Sec.  249.308a 
of this chapter), Form 20-F (Sec.  249.220f of this chapter) or Form 
40-F (Sec.  249.240f of this chapter), as applicable; and is 
required for a Form 6-K (Sec.  249.306 of this chapter) only when 
the Form 6-K contains either of the following: audited annual 
financial statements that are a revised version of financial 
statements that previously were filed with the Commission that have 
been revised pursuant to applicable accounting standards to reflect 
the effects of certain subsequent events, including a discontinued 
operation, a change in reportable segments or a change in accounting 
principle; or current interim financial statements included pursuant 
to the nine-month updating requirement of Item 8.A.5 of Form 20-F, 
and, in either such case, the Interactive Data File would be 
required only as to such revised financial statements or current 
interim financial statements regardless of whether the Form 6-K 
contains other financial statements:
* * * * *
    (ii) A large accelerated filer not specified in subparagraph 
(a)(i) of this paragraph (6) that prepares its financial statements 
in accordance with generally accepted accounting principles as used 
in the United States and the filing contains financial statements of 
the registrant for a fiscal period that ends on or after June 15, 
2010; or
    (iii) A filer not specified in subparagraph (a)(i) or (ii) of 
this paragraph (6) that prepares its financial statements in 
accordance with either generally accepted accounting principles as 
used in the United States or International Financial Reporting 
Standards as issued by the International Accounting Standards Board, 
and the filing contains financial statements of the registrant for a 
fiscal period that ends on or after June 15, 2011.
    (b) * * *
    (ii) Interactive Data File is not required to be submitted to 
the Commission under subparagraph (a)(i) of this paragraph (6).''

0
23. On page 6821, second column, paragraph ``(iii)'' designation is 
corrected to read paragraph ``(c)''.

    Dated: April 1, 2009.
Elizabeth M. Murphy,
Secretary.
 [FR Doc. E9-7778 Filed 4-6-09; 8:45 am]

BILLING CODE 8010-01-P