NEW YORK, Aug. 29 -- R.R. Donnelley Financial, the worldwide provider of financial printing and customized communications solutions, has launched R.R. Donnelley EDGAR NET.filer, a new online self-service application to help clients meet the accelerated Form 4 filing requirements mandated by the Securities and Exchange Commission (SEC).
"Due to a desire for greater transparency of financial information, the SEC is encouraging electronic filing with EDGAR," commented Elliot Eisenberg, senior vice president, U.S. sales and service, R.R. Donnelley Financial. "While paper filing of the Form 4 is still permissible, most companies will need to file these forms electronically in order to meet the tightened deadline. Our new online application is unique to the financial printing industry, providing users with greater control and accessibility in a secure environment that saves them time and headaches."
EDGAR NET.filer makes submission of the recently accelerated filing deadlines for Form 4 filings quick, secure and convenient. As an online technology, its built-in flexibility fits any corporation's compliance management process and provides an archive of filings without requiring special software, hardware or IT administration.
In July 2002, the U.S. Congress enacted legislation, the Sarbanes-Oxley Act, which dramatically shortens the deadline for filing Form 4s by corporate insiders. Effective today, the SEC is requiring companies to report changes in beneficial ownership by the end of the second business day following the transaction. Previously, the Form 4 was required to be filed by the tenth day of the month following the transactions. This shortened deadline drastically impacts how corporations prepare and file these forms.
Since 1993, the SEC has required that all electronic filings be completed using EDGAR, Electronic Gathering, Analysis and Retrieval system. EDGAR NET.filer is in strict compliance with all SEC regulations and all users have the full support of R.R. Donnelley Financial's team. To learn more about this quick and easy online solution, go to http://www.rrdfin.com/edgar or http://www.realcorporatelawyer.com.
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