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SEC Extends Data Deadline for Companies


Feb. 16, 2006 The Securities and Exchange Commission announced that the deadline for companies to join the interactive data test group has been extended until March 10, 2006, in response to requests for more time from potential participants.



Since it was first announced January 11, several companies have already signed up to participate in the test group. The four-week extension also recognizes the demands of year-end reporting requirements.

Under the test program, SEC staff will offer expedited reviews of registration statements or annual reports to registrants that participate in the test group as part of the SEC's interactive data initiative. Interactive data holds the promise of transforming the static, text-only documents companies file with the SEC into dynamic financial reports that can be quickly and easily accessed and analyzed.

Companies interested in participating in the test group have until March 10, 2006, to contact Jeffrey Naumann in the Office of the Chief Accountant (naumannj@sec.gov) or Brigitte Lippmann in the Division of Corporation Finance (lippmannb@sec.gov).

2006 SmartPros Ltd. All rights reserved.

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