Roundtable Series on Giving Investors and Analysts Better Financial Data Via Internet, 13640 [E6-3779]

Download as PDF 13640 Federal Register / Vol. 71, No. 51 / Thursday, March 16, 2006 / Notices Electronic Communications • Use the Commission’s Internet comment form (http://www.sec.gov/ rules/other.shtml); or • Send an e-mail to rulecomments@sec.gov. Please include File Number 81–935 on the subject line. Paper Communications wwhite on PROD1PC61 with NOTICES • Send paper comments in triplicate to Nancy M. Morris, Secretary, Securities and Exchange Commission, Station Place, 100 F Street, NE., Washington, DC 20549–1090. All submissions should refer to File Number 81–935. This file number should be included on the subject line if e-mail is used. To help the Commission process and review your communications more efficiently, please use only one method. The Commission will post all communications on the Commission’s Internet Web site (http:// www.sec.gov/rules/other.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the application filed with the Commission, and all written communications relating to the application between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for inspection and copying in the Commission’s Public Reference Room. All communications received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should be submitted on or before March 30, 2006. Persons who request a hearing or advice as to whether a hearing is ordered will receive any notices and orders issued in this matter, including the date of the hearing (if ordered) and any postponements thereof. At any time after said date, the Commission may issue an order granting the application upon request or upon the Commission’s own motion. For the Commission, by the Division of Corporation Finance, pursuant to delegated authority. Nancy M. Morris, Secretary. [FR Doc. E6–3778 Filed 3–15–06; 8:45 am] BILLING CODE 8010–01–P VerDate Aug<31>2005 15:48 Mar 15, 2006 Jkt 208001 SECURITIES AND EXCHANGE COMMISSION Roundtable Series on Giving Investors and Analysts Better Financial Data Via Internet Washington, DC, March 9, 2006—The Securities and Exchange Commission announced today a series of roundtables to be held throughout 2006 at its headquarters in Washington, DC, focused on speeding the implementation of new Internet tools that will help provide investors and analysts with better financial information about companies and funds. The roundtables will review the experiences from the first year of a pilot program to use so-called interactive data for company filings with the SEC. Interactive data permits Internet users to search for and use individual items of information from financial reports, such as net income, executive compensation, or mutual fund expenses. Today, even computer-based financial information is generally presented in the form of entire pages of data that can’t easily be separated. Approximately a dozen companies participated in the voluntary program in its initial year. The roundtables will also use the lessons learned from the pilot program in order to develop new ways to get analysts and investors significantly better information. Topics will include what investors and analysts are looking for in the new world of interactive data; how to accelerate the use of new software that permits the dissemination of interactive financial data; and how to best design the SEC’s requirements for company disclosures to take maximum advantage of the potential of interactive data. Representatives from investors, issuers, auditors, analysts, technology professionals, regulators, and others will be invited to the roundtable discussions. The first roundtable in the series will be held on Monday, June 12, from 10 a.m.–noon, and will focus on how best to serve the needs of analysts and investors with interactive data. Subsequent roundtable discussions will be held later in the summer and fall. ‘‘It is now within our reach to get dramatically more useful information in the hands of investors,’’ said SEC Chairman Christopher Cox. ‘‘We look forward to these discussions on implementing interactive data initiatives that can benefit investors as quickly as possible, and we welcome the opportunity to learn from investors and other users of financial information how the SEC can improve our own disclosure program.’’ PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 The Commission also announced that it is seeking written feedback from investors, registrants, auditors and others on their experiences with interactive data and XBRL The Commission welcomes feedback on any aspect of the use of interactive data. The information that is submitted will become part of the public record of the interactive data roundtables. Members of the public are encouraged to provide feedback throughout the year as the roundtable topics and dates are announced. Submissions to the Commission may be provided by any of the following methods: Electronic Submissions • Use the Commission’s Internet submission form at http://www.sec.gov/ news/press.shtml; or • Send an e-mail to rulecomments@sec.gov. Please include File Number 4–515 on the subject line. Paper Submissions • Send paper submissions in triplicate to Nancy M. Morris, Secretary, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549–1090. All submissions should refer to File Number 4–515. This file number should be included on the subject line if e-mail is used. To help process and review your submissions more efficiently, please use only one method. The Commission will post all submissions on the Commission’s Internet Web site at (http://www.sec.gov/news/press/4– 515.shtml). Please note that all submissions received will be posted without change; the SEC does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. Nancy M. Morris, Secretary. [FR Doc. E6–3779 Filed 3–15–06; 8:45 am] BILLING CODE 8010–01–P E:\FR\FM\16MRN1.SGM 16MRN1

Agencies

[Federal Register Volume 71, Number 51 (Thursday, March 16, 2006)]
[Notices]
[Page 13640]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-3779]


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SECURITIES AND EXCHANGE COMMISSION


Roundtable Series on Giving Investors and Analysts Better 
Financial Data Via Internet

    Washington, DC, March 9, 2006--The Securities and Exchange 
Commission announced today a series of roundtables to be held 
throughout 2006 at its headquarters in Washington, DC, focused on 
speeding the implementation of new Internet tools that will help 
provide investors and analysts with better financial information about 
companies and funds.
    The roundtables will review the experiences from the first year of 
a pilot program to use so-called interactive data for company filings 
with the SEC. Interactive data permits Internet users to search for and 
use individual items of information from financial reports, such as net 
income, executive compensation, or mutual fund expenses. Today, even 
computer-based financial information is generally presented in the form 
of entire pages of data that can't easily be separated. Approximately a 
dozen companies participated in the voluntary program in its initial 
year.
    The roundtables will also use the lessons learned from the pilot 
program in order to develop new ways to get analysts and investors 
significantly better information. Topics will include what investors 
and analysts are looking for in the new world of interactive data; how 
to accelerate the use of new software that permits the dissemination of 
interactive financial data; and how to best design the SEC's 
requirements for company disclosures to take maximum advantage of the 
potential of interactive data.
    Representatives from investors, issuers, auditors, analysts, 
technology professionals, regulators, and others will be invited to the 
roundtable discussions.
    The first roundtable in the series will be held on Monday, June 12, 
from 10 a.m.-noon, and will focus on how best to serve the needs of 
analysts and investors with interactive data. Subsequent roundtable 
discussions will be held later in the summer and fall. ``It is now 
within our reach to get dramatically more useful information in the 
hands of investors,'' said SEC Chairman Christopher Cox. ``We look 
forward to these discussions on implementing interactive data 
initiatives that can benefit investors as quickly as possible, and we 
welcome the opportunity to learn from investors and other users of 
financial information how the SEC can improve our own disclosure 
program.''
    The Commission also announced that it is seeking written feedback 
from investors, registrants, auditors and others on their experiences 
with interactive data and XBRL The Commission welcomes feedback on any 
aspect of the use of interactive data. The information that is 
submitted will become part of the public record of the interactive data 
roundtables.
    Members of the public are encouraged to provide feedback throughout 
the year as the roundtable topics and dates are announced. Submissions 
to the Commission may be provided by any of the following methods:

Electronic Submissions

     Use the Commission's Internet submission form at http://
www.sec.gov/news/press.shtml; or
     Send an e-mail to rule-comments@sec.gov. Please include 
File Number 4-515 on the subject line.

Paper Submissions

     Send paper submissions in triplicate to Nancy M. Morris, 
Secretary, Securities and Exchange Commission, 100 F Street, NE., 
Washington, DC 20549-1090.

All submissions should refer to File Number 4-515. This file number 
should be included on the subject line if e-mail is used. To help 
process and review your submissions more efficiently, please use only 
one method. The Commission will post all submissions on the 
Commission's Internet Web site at (http://www.sec.gov/news/press/4-
515.shtml). Please note that all submissions received will be posted 
without change; the SEC does not edit personal identifying information 
from submissions. You should submit only information that you wish to 
make available publicly.

Nancy M. Morris,
Secretary.
 [FR Doc. E6-3779 Filed 3-15-06; 8:45 am]
BILLING CODE 8010-01-P