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How does the EDGAR validator validate HTML embedded into Block Text?

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How does the EDGAR validator validate HTML embedded into Block Text?

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In all SEC submissions and attachments (other than Ex. 100 and Ex. 101), EDGAR rejects HTML that does not conform to a restriction of HTML 3.2 DTD, in particular rejecting anything that could pose a security threat to a recipient. On that general principle, the EDGAR Validator will analyze Interactive Data content that, when un-escaped, may be interpreted as HTML, and will reject it if it contains content that the existing DTD would reject. EDGAR Filer Manual v11 Rules 6.5.15 and 6.5.16 address this currently. Note that Block Text content must also be well formed XML. This is a stronger requirement than validating against the EDGAR HTML 3.2 DTD.

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