It's a routine filing that company has met all legal posting requirements. An EDGAR filing of effectiveness is a notice that the Securities and Exchange Commission (SEC) has determined that a company's registration statement is complete and available for public viewing:
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What it means
The SEC issues this notice through the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. The notice confirms that the company has met all legal and regulatory requirements and has disclosed all material information.
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How it works
The SEC posts the notice as an EDGAR form type called "EFFECT" the morning after the filing is determined to be effective.
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Benefits
The EDGAR system provides a number of benefits, including:
- Broad and timely public notice
- An online record of a company's filing history
- Prompt and reliable public confirmation that registration statements are effective
