SEC To Test New Filing System For Y2K Problems : LUSENET : TimeBomb 2000 (Y2000) : One Thread

Note the number of government agency that missed another deadline.

A new test system being set up by the Securities and Exchange Commission (SEC) to test for Y2K problems is slated to be used by up- and-coming companies with stars in their eyes and a bottom line needing cash.

The test system can be used by filers who want to make sure their submissions will work with the EDGAR system in 2000. Between July 12 and July 30, the EDGAR test system clock will be February 21, 2000 and will continue until the March 10, 2000.

The SEC said companies are "strongly encouraged to utilize this opportunity to test their EDGAR filing equipment and procedures for Y2K readiness." Participation in the test, though, is voluntary.

Publicly traded companies can use EDGAR, which stands for the Electronic Data Gathering Analysis and Retrieval system, to file quarterly and yearly reports, among other submissions.

The test site is at . The SEC's main Website is at .

Y2K readiness is a topic that's gaining steam as the calendar advances towards Jan. 1, 2000. Last March, the Senate Special Committee on the Year 2000 Technology Problem today said about 10 percent of the federal government would miss an April 1 Y2K compliance deadline. The Federal Aviation Administration (FAA), Department of Health & Human Services and the Defense Department were expected to be among the agencies missing the deadline.

-- y2k dave (, May 27, 1999

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