I have a text file which the publisher (the US Securities Exchange Commission) asserts is encoded in UTF-8 (https://www.sec.gov/files/aqfs.pdf, section 4). I'm processing the lines with the following code:
def tags(filename):
    """Yield Tag instances from tag.txt."""
    with codecs.open(filename, 'r', encoding='utf-8', errors='strict') as f:
        fields = f.readline().strip().split('\t')
        for line in f.readlines():
            yield process_tag_record(fields, line)
I receive the following error:
Traceback (most recent call last):
  File "/home/randm/Projects/finance/secxbrl.py", line 151, in <module>
    main()
  File "/home/randm/Projects/finance/secxbrl.py", line 143, in main
    all_tags = list(tags("tag.txt"))
  File "/home/randm/Projects/finance/secxbrl.py", line 109, in tags
    content = f.read()
  File "/home/randm/Libraries/anaconda3/lib/python3.6/codecs.py", line 698, in read
    return self.reader.read(size)
  File "/home/randm/Libraries/anaconda3/lib/python3.6/codecs.py", line 501, in read
    newchars, decodedbytes = self.decode(data, self.errors)
UnicodeDecodeError: 'utf-8' codec can't decode byte 0xad in position 3583587: invalid start byte
Given that I probably can't go back to the SEC and tell them they have files that don't seem to be encoded in UTF-8, how should I debug and catch this error?
What have I tried
I did a hexdump of the file and found that the offending text was the text "SUPPLEMENTAL DISCLOSURE OF NON�CASH INVESTING". If I decode the offending byte as a hex code point (i.e. "U+00AD"), it makes sense in context as it is the soft hyphen. But the following does not seem to work:
Python 3.5.2 (default, Nov 17 2016, 17:05:23)
[GCC 5.4.0 20160609] on linux
Type "help", "copyright", "credits" or "license" for more information.
>>> b"\x41".decode("utf-8")
'A'
>>> b"\xad".decode("utf-8")
Traceback (most recent call last):
  File "<stdin>", line 1, in <module>
UnicodeDecodeError: 'utf-8' codec cant decode byte 0xad in position 0: invalid start byte
>>> b"\xc2ad".decode("utf-8")
Traceback (most recent call last):
  File "<stdin>", line 1, in <module>
UnicodeDecodeError: 'utf-8' codec cant decode byte 0xc2 in position 0: invalid continuation byte
I've used errors='replace', which seems to pass. But I'd like to understand what will happen if I try to insert that into a database.
Hexdump:
0036ae40  31 09 09 09 09 53 55 50  50 4c 45 4d 45 4e 54 41  |1....SUPPLEMENTA|
0036ae50  4c 20 44 49 53 43 4c 4f  53 55 52 45 20 4f 46 20  |L DISCLOSURE OF |
0036ae60  4e 4f 4e ad 43 41 53 48  20 49 4e 56 45 53 54 49  |NON.CASH INVESTI|
0036ae70  4e 47 20 41 4e 44 20 46  49 4e 41 4e 43 49 4e 47  |NG AND FINANCING|
0036ae80  20 41 43 54 49 56 49 54  49 45 53 3a 09 0a 50 72  | ACTIVITIES:..Pr|
 
     
    