Updates

Posted Tuesday, March 1, 2022

Closed-End Fund Taxonomy, 2022

XBRL was mandated for Closed-End Funds by the SEC. Details for the 2022 release can be found here.

Posted Wednesday, February 9, 2022

SEC Proposes Shortening Settlement Cycle

This proposal aims to shorten the standard settlement cycle for most broker-dealer transactions from two to one business day after the trade date with a compliance date of March 31, 2024.

Comments are due the later of 30 days after publication in the Federal Register or April 22, 2022.

Posted Friday, January 28, 2022

SEC Reopens Comment Period on Pay vs. Performance Proposal

The Securities and Exchange Commission (SEC) announced the reopening of the public comment period for the rule proposal on Pay Versus Performance. The proposal was officially published in the Federal Register with a public comment period close date of March 4, 2022. If finalized as proposed, the rule would amend the current executive compensation disclosure […more]

Posted Friday, January 28, 2022

January 2022 Newsletter

January, 2022 XBRL US commented on FERC data collection of Forms 6 and 6-Q. Both forms are now required to be reported in XBRL format which renders the data machine-readable, improving the ability of the Commission to perform audits and reviews, and conduct research. It also enhances the usefulness of the data for the public […more]

Posted Wednesday, January 5, 2022

December, 2021 Newsletter

December, 2021 2022 promises to be an exciting year for the XBRL community with new structured data programs coming online from U.S. based public utilities reporting to the Federal Energy Regulatory Commission (FERC), European and UK companies filing through the European Securities Markets Authority (ESMA), and local Florida government entities reporting in XBRL to the […more]

Posted Wednesday, December 22, 2021

XBRL US Comments on SEC Proposal Updated EDGAR Filing Requirements

XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) regarding its proposed rule Updated EDGAR Filing Requirements, which aims to improve investor access to information in registration statements, periodic reports and other filings made with the Commission. The proposal includes a requirement for Inline XBRL for the filing of financial statements […more]

Posted Wednesday, December 15, 2021

SEC Proposes Share Repurchase Disclosure Modernization

The Securities and Exchange Commission (SEC) published a rule proposal  designed to modernize and improve disclosure about repurchases of an issuer’s equity securities on a new Form SR on purchases of equity securities for each day that it makes a share repurchase. Form SR would report any purchase made by or on behalf of the […more]

Posted Wednesday, December 15, 2021

SEC Proposes Money Market Reforms

The Securities and Exchange Commission (SEC) published a rule proposal  designed to reform money market disclosures which requires Form N-CR to be prepared in a custom XML data language. The Commission noted that they opted not to require Inline XBRL, “Due to the number of individual transactions that might be reported as Form N-CR data […more]

Posted Wednesday, December 15, 2021

SEC Proposes Rule 10b5-1 and Insider Trading

The Securities and Exchange Commission (SEC) published a proposal on Rule 10b5-1 and Insider Trading.  The proposed rule would require certain amendments to Exchange Act Rule 10b5-1(c ) (1) to address concerns about abuse of the rule and proposing new disclosure requirements regarding insider trading policies. As written, the rule would require an issuer to […more]

Posted Tuesday, December 14, 2021

XBRL US Comments on SEC Proposal on Enhanced Reporting of Proxy Votes

XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) regarding its proposed rule Enhanced Reporting of Proxy Votes by Registered Management Investment Companies; Reporting of Executive Compensation Votes by Institutional Investment Managers. The rule proposes that fund reporting of proxy votes on Form N-PX be enhanced by adding additional disclosures, and […more]