Updates

News from XBRL International

• Gary Gensler to head SEC: ESG Reporting set to go big in America? - January 22, 2021
• Liechtenstein adopts XBRL Reporting with New Taxonomy - January 22, 2021
• ICAI meets AI: Robot-Reviewed Reporting for India - January 22, 2021
• Better together: Sustainability Reporting Leaders launch shared Climate Standard - January 22, 2021
• Switzerland backs TCFD for Climate Transparency - January 22, 2021

From the News from the SEC's Office of Structured Disclosure

• No Proposed Update to U.S. GAAP Financial Reporting Taxonomy for Accounting Standards Update on Goodwill Impairment - January 8, 2021
• FASB Issues Proposed Updates for Future* Taxonomy Related to Proposed ASU on Revenue Contracts Acquired in a Business Combination - January 8, 2021
• IFRS Foundation Proposes Improvements to the IFRS Taxonomy 2020 Related to Presentation and Disclosure of Employee Benefits - December 3, 2020
• Scaling Errors Between Entity Common Stock Shares Outstanding and Common Stock Shares Outstanding - November 19, 2020
• FASB Issues Proposed Update for Future* Taxonomies Related to ASU No. 2020-09 and Proposed ASUs on Reference Rate Reform and Freestanding Modifications - November 5, 2020

From the Federal Register

• Rule 144 Holding Period and Form 144 Filings - January 19, 2021
• Disclosure of Payments by Resource Extraction Issuers - January 15, 2021
• Management's Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information - January 11, 2021
• Regulation ATS for ATSs That Trade U.S. Government Securities, NMS Stock, and Other Securities; Regulation SCI for ATSs That Trade U.S. Treasury Securities and Agency Securities; and Electronic Corporate Bond and Municipal Securities Markets - December 31, 2020
• Modernization of Rules and Forms for Compensatory Securities Offerings and Sales - December 11, 2020

Browse all news

The latest for and from Governments

Page

governmentSEC filerssoftware developmentsolarSuretytransparency

Posted Thursday, January 7, 2021

Newsletter for the Reporting Standard of Business and Government

December, 2020 XBRL US commented on SEC proposal on tailored shareholder reports. The SEC proposal, Tailored Shareholder Reports, Treatment of Annual Prospectus Updates for Existing Investors, and Improved Fee and Risk Disclosure for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements, recommends changes to modernize the disclosure framework for open-end management investment […more]

News

investment managementSEC filers

Posted Monday, January 4, 2021

XBRL US Comments on SEC Tailored Shareholder Reports Proposal

XBRL US submitted a comment letter in response to the SEC proposal on Tailored Shareholder Reports, Treatment of Annual Prospectus Updates for Existing Investors, and Improved Fee and Risk Disclosure for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements. The XBRL US letter advocated the use of XBRL for tailored shareholder reports […more]

News

SEC filers

Posted Tuesday, December 22, 2020

SEC Proposes to Mandate Electronic Filing of Form 144

On December 22, the Securities and Exchange Commission (SEC) published Rule 144 Holding Period and Form 144 Filings, which proposes to change the securities holding period start time and to mandate the electronic filing of Form 144 for securities subject to Exchange Act reporting requirements. The section of the proposal on Format requirements, states: While […more]

XBRL Taxonomy

SEC filers

Posted Thursday, December 17, 2020

2021 US GAAP Financial and SEC Reporting Taxonomies

The 2020 GAAP Financial Reporting Taxonomy contains updates for accounting standards and other recommended improvements, including an initial set of Data Quality Committee Rules.

News

SEC filers

Posted Wednesday, December 16, 2020

SEC Final Rule Disclosure of Payments by Resource Extraction Issuers

On December 16, 2020, the Securities and Exchange Commission adopted the final rule Disclosure of Payments by Resource Extraction Issuers, regarding rules requiring resource extraction issuers to include in an annual report information relating to payments made to a foreign government or the Federal Government for the purpose of the commercial development of oil, natural […more]

Page

governmentSEC filerssoftware developmentsolarSuretytransparency

Posted Wednesday, December 2, 2020

November 2020 Newsletter

November, 2020 This year’s XBRL US Investor Forum provided an insightful lens into the future of structured reporting. SEC Commissioner Allison Herren Lee touched on several topics in her keynote address (watch video). The Commissioner noted several areas including proxy, ESG, MD&A and earnings releases as disclosures that could benefit from structured data formatting: “As […more]

News

ESGSEC filerssustainability

Posted Tuesday, December 1, 2020

SEC ESG Subcommittee of the Asset Management Advisory Committee Advocates Standards

The Securities and Exchange Commission’s Asset Management Advisory Committee published on December 1, 2020, the potential recommendations of its ESG (Environmental Social Governance) Subcommittee which focused on the adoption of standards for disclosures from issuers and for ESG investment products: Recommendations Regarding Issuer Disclosure of ESG Risks: The SEC should require the adoption of standards […more]

News

SEC filers

Posted Thursday, November 19, 2020

SEC Adopted Final Rule on MD&A – Opts Not to Require Structured Data

On November 19, the Securities and Exchange Commission adopted the final rule Management’s Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information. The final amendments do not require registrants to structure disclosures required by the amendments in a machine-readable format as we proposed in the XBRL US comment letter submitted. Our comment letter suggested […more]

News

climate changedata qualityleiproxysecurities identifiersustainability

Posted Tuesday, November 17, 2020

SEC Commissioner Lee “The Promise of Structured Data” at XBRL US Investor Forum

SEC Commissioner Allison Herren Lee gave a keynote presentation “The Promise of Structured Data: True Modernization of Disclosure Effectiveness” at the XBRL US Investor Forum: Ready for Anything – Using Data in Perilous Times.  Her speech focused on the importance of data quality (and notes the contribution to quality improvements made by the XBRL US […more]

News

climate changesustainability

Posted Tuesday, November 10, 2020

SEC Commissioner Lee on Standardized Sustainability Metrics From Financial Institutions

Keynote remarks from Securities and Exchange Commissioner Allison Herren Lee at PLI’s 52nd Annual Institute on Securities Regulation on November 5, addressed “Playing the Long Game: The Intersection of Climate Change Risk and Financial Regulation“.  Commissioner Lee noted in her talk: “… investors, asset managers responsible for trillions in investments, issuers, lenders, credit rating agencies, analysts, […more]