Updates

Posted Tuesday, July 16, 2024

Point of View

Identifying the Obligor for Municipal Securities

The complexities of the municipal bond market make it challenging for bond data users to quickly find what they need when searching in the Municipal Securities Rulemaking Board (MSRB) Electronic Municipal Markets Access (EMMA) system. The Financial Data Transparency Act (FDTA) is an important opportunity to enable easier, more concrete search capabilities at a granular level by leveraging entity identifiers and standardization of data.

Posted Tuesday, July 16, 2024

XBRL US Comments on Dept of Commerce RFI: AI and Open Govt Data Assets

XBRL US responded to the Department of Commerce Request for Information on AI and Open Government Data Assets. The XBRL US letter stated, “We agree with the Department of Commerce view that AI systems should be powered by data that is not just machine-readable and accessible, but that is ‘machine-understandable’. Artificial intelligence has enormous potential […more]

Posted Monday, July 8, 2024

Newsletter for the Reporting Standard of Business and Government

June, 2024 Colorado, Connecticut, Pennsylvania, Ohio, Utah, and Virginia to address FDTA topics at GovFin 2024: Municipal Reporting Workshop, New York, NY, July 29-30, 2024. The 1 ½ day conference will address diverse topics including navigating the MSRB EMMA system, building taxonomies to represent bond issuance disclosures, and innovating with technologies like artificial intelligence to […more]

Posted Wednesday, July 3, 2024

2024 Security-Based Swap Data Repositories and Execution Facilities

Family SBS Version 2024 Taxonomy Guide https://xbrl.sec.gov/sbs/2024/sbs-taxonomy-guide-2024-06-25.pdf Zip https://xbrl.sec.gov/sbs/2024/sbs-2024.zip Entry point schemas: https://xbrl.sec.gov/sbs/2024/sbs-2024.xsd https://xbrl.sec.gov/sbs/2024/sbs-sbsef-2024.xsd https://xbrl.sec.gov/sbs/2024/sbs-sbsef-cco-2024.xsd https://xbrl.sec.gov/sbs/2024/sbs-sbsef-com-2024.xsd https://xbrl.sec.gov/sbs/2024/sbs-sbsef-fex-2024.xsd https://xbrl.sec.gov/sbs/2024/sbs-sbsef-fin-2024.xsd https://xbrl.sec.gov/sbs/2024/sbs-sbsef-ocx-2024.xsd Automatically imported: https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd%C2%A0 May be explicitly imported: Common Taxonomy Files

Posted Wednesday, July 3, 2024

2024 IFRS Taxonomy

The International Financial Reporting Standards (IFRS) Taxonomy is the global standard issued by the IFRS Foundation to mark up electronic IFRS financial statements. By providing the IFRS Taxonomy, the International Accounting Standards Board can ensure that the taxonomy used is an accurate representation of International Financial Reporting Standards (IFRS Standards). SEC’s IFRS Taxonomy FAQ 2024 IFRS Taxonomy […more]

Posted Monday, July 1, 2024

SEC Publishes Semi-Annual Report to Congress, June 2024

The Securities and Exchange Commission (SEC) has published its Semi-Annual Report to Congress for June 2024. New information since the last report includes additional Commission rulemaking releases adopting structured data tagging requirements; the setting aside of the SEC Share Repurchase rule that had structured data tagging requirements; and updated statistics in the analysis of the […more]

Posted Friday, June 28, 2024

SEC Custom Tag Rate Analysis Shows Decline for All Except Accelerated Filers

The Securities and Exchange Commission (SEC) published an analysis of custom tag rates which found that Forms 10-K and 10-K/A shows a decrease in average custom tag rate for filings in 2023 compared to 2022 across all filer status except the accelerated filer category, for which the rate remains flat. Read the full analysis.

Posted Friday, June 28, 2024

SEC EDGAR System Upgraded to Release 24.2

The Securities and Exchange Commission (SEC) upgraded the EDGAR system to Release 24.2 which now supports the IFRS Taxonomy 2024 and the Security-Based Swap (SBS) taxonomy. Please see notes below from the SEC related to this release: The 2024 version of the IFRS taxonomy reflects the same taxonomy version that the International Accounting Standards Board made […more]

Posted Wednesday, June 26, 2024

SEC Publishes Final Swaps Based Securities (SBS) Taxonomy

The Securities and Exchange Commission (SEC) published the final Swaps Based Securities (SBS) Taxonomy which can be found here. The Commission also published illustrative sample documents in advance of the EDGAR 24.2 release, which will incorporate the final SBS taxonomy into EDGAR.

Posted Tuesday, June 25, 2024

SEC Announces Draft Cybersecurity Disclosure Taxonomy Published

The Securities and Exchange Commission (SEC) announced that they had published the draft Cybersecurity Disclosure (CYD) taxonomy to support the final rule, Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure. Taxonomy files are included here. Comments on this taxonomy are due by August 23, 2024.