Accelerated deadline for insider transaction reports. (SEC Update).

The SEC has issued supplemental information about the provision of the Sarbanes-Oxley Act that accelerates the due date for officers', directors' and principal security holders' reports of transactions.

This amendment, which was effective Aug. 29, will require insiders to file reports before the end of the second business day following the day on which the subject transaction has been executed, or at such other time as the SEC shall establish, by rule, in any case in which the SEC determines that such two-day period is not feasible.

The SEC anticipated adopting rules regarding the accelerated reporting deadline no later than Aug. 29.

For a copy of the final rules, go to www.sec.gov/rules/final.shtml. Rules appear in the order in which they are released.