SEC Adopts Exhibit Hyperlink Requirement

Ira N. Rosner is a partner in Holland & Knight's Miami office Kristin Padgett is an associate in Holland & Knight's Tampa office.

HIGHLIGHTS:

• The U.S. Securities and Exchange Commission has adopted amendments (final rules) that will require registrants to include hyperlinks to exhibits.
• The final rules apply to certain periodic reports under the Securities Exchange Act of 1934, as amended, and registration statements under the Securities Act of 1933, as amended, filed on or after September 1, 2017.
• Holland & Knight's Public Companies and Securities Team explores the final rules in this client alert.

Background

The final rules arose from the current, tedious method of locating exhibits incorporated by reference in U.S. Securities and Exchange Commission (SEC) reports and registration statements. Currently, to locate an exhibit that has been incorporated by reference, the exhibit index must be reviewed to determine the filing in which the exhibit