Updates

News from XBRL International

• Why Tagging Errors mean Trouble - September 25, 2020
• US College uses XBRL for financials - September 25, 2020
• Carbon Financials Initiative expands to UK - September 25, 2020
• How to Audit AI - September 25, 2020
• Qatar Exchange mandates XBRL Disclosures - September 25, 2020

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

• No Proposed Update to U.S. GAAP Financial Reporting Taxonomy for Franchisors—Revenue from Contracts with Customers - September 23, 2020
• Form 8-K Document Period End Date - September 23, 2020
• FASB Issues Proposed Changes for 2021 SEC Reporting Taxonomy - September 15, 2020
• FASB Guidance on Implementation of Extensible Enumerations 2.0 - September 15, 2020
• Draft 2021 SEC Taxonomies - September 1, 2020

From the Federal Register

• Electric Quarterly Report Users Group Meeting; Notice of Electric Quarterly Report Users Group Meeting - September 16, 2020
• Commission Information Collections Activities (Ferc Form Nos. 2 And 2-A); Comment Request; Extension; Errata Notice - September 14, 2020
• Exemptions From the Proxy Rules for Proxy Voting Advice - September 3, 2020
• Amendments to Financial Disclosures About Acquired and Disposed Businesses - August 31, 2020
• Securities Offering Reform for Closed-End Investment Companies - June 1, 2020

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The latest for and from Governments

News

investment managementSEC filers

Posted Tuesday, September 29, 2020

XBRL US Comments on SEC Reporting Threshold for 13F Filers

XBRL US submitted a comment letter to the SEC responding to their proposal, Reporting Threshold for Investment Managers. The proposal seeks to revise the disclosure requirement thresholds for investment managers filing Form 13F data to increase the reporting threshold from $100 million where it is today, to $3.5 billion. Today, 13F data is submitted to […more]

News

banksSEC filers

Posted Friday, September 11, 2020

SEC Final Rule: Update of Statistical Disclosures for Banks and S&L Registrants

The Securities and Exchange Commission (SEC) published the final rule for Update of Statistical Disclosures for Bank and Savings and Loan Registrants. The rule amends disclosures required to be reported, and codifies certain disclosures in a new Subpart 1400 of Regulation S-K. The original proposed rule asked whether the disclosures should be included in the […more]

News

SEC filers

Posted Wednesday, September 2, 2020

SEC Publishes Draft 2021 SEC Taxonomies for Public Review

The Securities and Exchange Commission published the draft 2021 SEC Taxonomies. The draft taxonomies are out for a public review and comment period to end November 2, 2020.

Page

governmentSEC filerssoftware developmentsolarSuretytransparency

Posted Tuesday, September 1, 2020

Newsletter for the Reporting Standard of Business and Government

August, 2020 The Financial Accounting Standards Board (FASB) published EE 2.0 impact on XBRL service providers and software. The impact study, called Extensible Enumerations 2.0 Implementation Impact on Service Providers and XBRL Creation Software – Are You Ready?, addresses the implementation of this new XBRL International technical specification in the 2021 US GAAP Taxonomy. Providers […more]

News

investment managementSEC filers

Posted Saturday, August 29, 2020

XBRL US Comment on SEC Draft Closed-End Fund Taxonomy

XBRL US  submitted a comment letter in response to the SEC’s draft Closed-End Fund (CEF) Taxonomy which has been prepared to support the SEC rule for Securities Offering Reform for Closed-End Investment Companies. We recommended that the Commission: Rely on the XBRL International Data Type Registry in determining data types. Consider structuring the DEI Taxonomy, […more]

News

foreign private issuersSEC filers

Posted Friday, August 28, 2020

XBRL US Comment on Data Collection of Form 6-K

XBRL US submitted a comment letter in response to the SEC’s Extension of Data Collection of Form 6-K. We recommended that Form 6-K filers be required to prepare cover pages for 6-Ks using Inline XBRL, in the same way that Form 8-K cover pages must be prepared with the passage of the FAST Act. Investors […more]

News

SEC filers

Posted Friday, August 28, 2020

FASB Publishes Extensible Enumerations 2.0 Impact on Providers & Software

To aid service providers and XBRL software providers, the FASB published Extensible Enumerations 2.0 Implementation Impact on Service Providers and XBRL Creation Software – Are You Ready? which addresses the implementation of Extensible Enumerations 2.0 in the 2021 US GAAP Taxonomy. Read the impact study.  

News

SEC filers

Posted Thursday, August 27, 2020

SEC Rule Proposal Administration of the EDGAR System

The Securities and Exchange Commission (SEC) published a rule proposal, Administration of the Electronic Data Gathering, Analysis, and Retrieval System, which is out for a 30 day public review period which ends on October 17, 2020. The proposal would add new Rule 15 which would allow the Commission to take certain actions in administering the […more]

News

advocacySEC filers

Posted Monday, August 10, 2020

XBRL US Comments on SEC Form N-CEN Data Collection

XBRL US submitted a letter to the Securities and Exchange Commission commenting on their request to the Office of Management and Budget (OMB) to extend their current data collection process for Form N-CEN. Form N-CEN is required to be reported by investment companies using a custom XML schema. Form N-CEN contains a limited amount of […more]

News

investment managementSEC filers

Posted Thursday, August 6, 2020

SEC Proposes Disclosure Modernization for Open-End Investment Management Companies

The 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  addresses rule and form amendments to modernize the disclosure framework for open-end management investment companies. While this rule does not call for XBRL […more]