Over Thanksgiving weekend, the commission will launch one of the government s first major forays into use of Extensible Markup Language forms. The new Web application has been tested by only 10 percent of the filing community, the financial and publicly held companies required by law to file reports with the commission. After Thanksgiving and through April 20, the agency will lets users file via both the old and new systems. We will make every effort to keep the legacy filing system fully operational during this extended period, but no further system expansion or improvements are planned. The company has provided the commission with predefined document templates.
Filers can also attach related documents to the forms.
The commission anticipates receiving 6,000 filings per day on average from the 110,000 public companies and other entities that are required to file financial documents. Inc. All rights reserved.