News from XBRL International

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

From the Federal Register


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News

Posted Monday, March 20, 2023

SEC Upgrades to EDGAR 23.1, Now Supporting 2023 Taxonomies

The Securities and Exchange Commission (SEC) announced that the EDGAR System has been upgraded to Release 23.1 and now supports 2023 taxonomies. The newly released Executive Compensation Disclosure (ECD) taxonomy now includes the elements needed for tagging disclosures required by the Commission’s final rule on Insider Trading Arrangements and Related Disclosures. The 2023 U.S. Generally Accepted […more]


Posted Wednesday, March 15, 2023

SEC Proposes Broker Dealer Rule, Addressing Cybersecurity Risks, with Custom XML

The Securities and Exchange Commission (SEC) published a rule proposal, Addressing Cybersecurity Risks to the U.S. Securities Markets, which calls for broker-dealers, the Municipal Securities Rulemaking Board, clearing agencies, major security-based swap participants, national securities associations and exchanges, security-based swap data repositories and swap dealers, and transfer agents, to address their cybersecurity risks. They will […more]


Posted Monday, March 6, 2023

January/February 2023 Newsletter

January/February 2023 SEC final rule calls for Inline XBRL for disclosures on policies to facilitate straight-through-processing. The final rule, Shortening the Securities Transaction Settlement Cycle is effective 60 days after the 3/6/2023 publication to the Federal Register. The rule adopts amendments to shorten the standard settlement cycle for most broker-dealer transactions from two business days […more]


Posted Wednesday, March 1, 2023

Executive Compensation Disclosure Taxonomy (ECD)

Guidance for Pay vs. Performance Disclosure Item 402(v) requires tagging of the quantitative derivation of the difference between the “Total Compensation Amount” and the “Compensation Actually Paid” for both the PEO and the individuals comprising the Non-PEO NEOs. The ECD Taxonomy Guide published by the SEC indicated that all the members of the Adjustments to […more]


Posted Thursday, February 16, 2023

FASB Request for Comment: Proposed GAAP Taxonomy Style Guide & More

The Financial Accounting Standards Board (FASB) published a proposed GAAP Taxonomy Style Guide, Reference Style Guide (Style Guide) to help in analyzing the presentation and disclosure requirements of the FASB Accounting Standards Codification (ASC) to determine the appropriate role and format of the reference related to elements included in the GAAP Financial Reporting Taxonomy (GRT) […more]


Posted Wednesday, February 15, 2023

SEC Finalizes Rule: Shortening the Securities Transaction Settlement Cycle

The Securities and Exchange Commission (SEC) published notification that they have posted their final rule, Shortening the Securities Transaction Settlement Cycle, to the Federal Register (official publication date is 3/6/2023). This rule is effective 60 days after the official publication date. It adopts rule amendments to shorten the standard settlement cycle for most broker-dealer transactions […more]


News

Posted Thursday, January 26, 2023

SEC Office of the Chief Data Officer Publishes Data Strategy FY 2022 – 2026

The Securities and Exchange Commission (SEC) Office of the Chief Data Officer published their Data Strategy FY 2022 – 2026 on January 26, 2023. The SEC Data Vision references goals: Enhance use of data assets Design and build integrated data infrastructure Promote data awareness and literacy Strengthen data management and governance  


Posted Thursday, January 5, 2023

FASB Extends Comment Period on Proposed Meta Model Relationships

The Financial Accounting Standards Board (FASB) has extended the period for the Invitation to Comment on Proposed Meta Model Relationships to May 11, 2023. Additional information about the ITC can be found through this FASB/XBRL US webinar, “FASB Meta Model Invitation to Comment and Proposed Policy Election Element Relationships” held on Nov 2, 2022. Watch […more]


Posted Sunday, January 1, 2023

December 2022 Newsletter

Happy New Year! 2023 will be an especially important year for data standards and XBRL. The Financial Data Transparency Act (FDTA) was just signed into law. The rapid expansion of XBRL requirements for SEC corporate and investment management companies is placing greater demands on our members and on the Commission itself. And there’s a groundswell […more]


News

Posted Thursday, December 29, 2022

SEC Adopts Insider Trading & Related Disclosures Final Rule with XBRL Requirements

The Securities and Exchange Commission (SEC) published to the Federal Register the final rule on Insider Trading Arrangements and Related Disclosures, which calls for new disclosure requirements regarding insider trading policies and procedures, as well as amendments to disclosure requirements for director and executive compensation. The rule requires that the new disclosure Items 402(x), 408(a) […more]


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