Commission Announces Interactive Data Roundtable on New Software to Make Better Information a Reality
FOR IMMEDIATE RELEASE
Washington, D.C., September 25, 2006 - The Securities and Exchange Commission announced today that the second in the series of interactive data roundtables will be held on Tuesday, October 3, from 3:00 to 5:00 p.m., e.d.t., with an address by Indra Nooyi, incoming CEO of PepsiCo, Inc. PepsiCo is among the public companies voluntarily testing the new financial reporting technology, known as interactive data. This roundtable will focus on new software to make better information a reality by using interactive data to provide investor-friendly research tools. Presenters will demonstrate a sample of currently available software and panelists will discuss how interactive data enabled software can assist investors.
In March the Commission announced that it planned to hold a series of roundtables at its headquarters in Washington, D.C., focusing on speeding the implementation of new Internet tools that will help provide investors and analysts with better financial information about companies and funds.
The first roundtable in the series was held on June 12, 2006. The morning session of that roundtable focused on improving the quality of mutual fund disclosures and technology to provide mutual fund investors with better information. The afternoon session covered what investors and analysts are looking for in interactive data and how to accelerate the use of new software that permits the dissemination of interactive financial data. A subsequent roundtable discussion relating to preparers using interactive data will be held later in the winter.
"Interactive data will transform disclosure by giving investors faster access to information that they can easily use. It will liberate investors from having to laboriously undertake manual searches and painstakingly re-key data into electronic spreadsheets, or pay someone else to do it," said SEC Chairman Christopher Cox. "We look forward to discussing ways that new software can be made available so that all investors can view and analyze interactive data on the Internet."
The roundtable will be held in the Auditorium at the Commission's headquarters at 100 F Street, N.E., Washington, D.C., and will be open to the public with seating on a first-come, first-served basis. Doors will open at 1:00 p.m. Visitors will be subject to security checks. Materials related to the roundtable, including the day's agenda, will be accessible at http://www.sec.gov/spotlight/xbrl.htm. Real time and archived audio and video webcasts will be accessible at http://www.sec.gov.
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 roundtable. Submissions to the Commission may be provided by any of the following methods:
- Electronic submissions:
- Paper submissions:
- Send paper submissions in triplicate to Nancy M. Morris, Secretary, Securities and Exchange Commission, 100 F Street, N.E., Washington, D.C. 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.