Many of the documents covered by the amendments – including the glossy annual report – will not be subject to mandatory electronic submission until six months after the effectiveness of the amendments. Form 144 notices will become subject to mandatory electronic filing after a longer transition period that will extend well into 2023.
The amendments also will require, after a three-year transition period, the use of the Inline XBRL structured data language for annual financial statements and other financial information contained in annual reports of employee benefit plans filed on Form 11-K under the Exchange Act.
The amendments will be effective on July 11, 2022. The SEC’s adopting release (No. 33-11070) can be accessed here.
Authored by Alan Dye (co-editor), Richard Parrino (co-editor), and Nicholas Hoover.