News from XBRL International

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

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News

Posted Wednesday, February 24, 2021

SEC Announces Public Review of FASB Proposed Implementation Guides

The Securities and Exchange Commission (SEC) announced that the FASB had published two new proposed implementation guides based on the 2021 US GAAP Financial Reporting Taxonomy which is currently under consideration by the SEC. The two proposed guides are available during a public comment period as noted below and will cover: Dimensional Modeling for Disclosures […more]


Posted Wednesday, February 3, 2021

SEC Final Rule: Administration of EDGAR System

The Securities and Exchange Commission final rule Administration of the Electronic Data Gathering, Analysis, and Retrieval System was published in the Federal Register. This new rule adopts new Regulation S-T which addresses actions the Commission may take to promote reliability and integrity of EDGAR submissions. The XBRL US Regulatory Modernization Working Group submitted a comment […more]


News

Posted Wednesday, February 3, 2021

SEC Announces EDGAR BETA Test Environment

On February 3, 2021, the Securities and Exchange Commission (SEC) announced that they will be releasing a limited access pilot test environment for beta-testers, to help filers and vendors try out the impact of a new URL that will be used for EDGAR submissions.  The test environment, EDGAR BETA, will give filers and vendors early […more]


Posted Tuesday, February 2, 2021

New SEC Position Announced: Senior Policy Advisor for Climate and ESG

The Securities and Exchange Commission announced the appointment of Satyam Khanna in a new role as Senior Policy Advisor for Climate and ESG in the office of Acting Chair Allison Herren Lee. This new SEC position will focus on advising the agency on environmental, social, and governance matters, and to advance new initiatives across the […more]


Posted Tuesday, February 2, 2021

January 2021 Newsletter

January, 2021 Momentum around sustainability reporting continues to grow in 2021. Climate change and sustainability reporting is a critical topic this year. The incoming Biden administration has expressed a greater focus on environmental issues. And the current acting SEC Chair Allison Herren Lee has been outspoken in support of greater standardization for ESG data. In […more]


Posted Wednesday, January 20, 2021

Approved Validation Rules

The Data Quality Committee released version 13 of freely-available rules and guidance in October.These 61 rules are automated checks that help filers using US GAAP and IFRS Taxonomies supported by the US Securities and Exchange Commission detect and resolve inconsistencies or errors in XBRL-formatted financial data.


Posted Thursday, January 7, 2021

December 2020 Newsletter

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]


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

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]


News

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]


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