The Financial Accounting Standards Board (FASB) announced the availability of the 2024 GAAP Financial Reporting Taxonomy (GRT) and the 2024 SEC Reporting Taxonomy (SRT) (collectively referred to as the “GAAP Taxonomy”). The FASB also announced the availability of the 2024 DQC Rules Taxonomy (DQCRT), which together with the GAAP Taxonomy are collectively referred to as […more]
The Securities and Exchange Commission (SEC) upgraded the EDGAR System to Release 23.4 which now supports the Fund (FND) Taxonomy to be used for tagging elements related to the final rule on Investment Company Names. The SEC announcement pointed out that “… this version does not include an fnd-entire entry point due to technical issues […more]
November 2023 XBRL US GovFin 2023 Conference session videos now available. Hear the discussions with regulators from the Securities and Exchange Commission, the Federal Regulatory Commission, and the Federal Deposit Insurance Corporation; standards organizations including the Governmental Accounting Standards Board (GASB), and the Global LEI Foundation; and municipal reporting experts from Funkhouser & Associates, Tenbar […more]
XBRL US submitted a comment letter in response to the Securities and Exchange Commission (SEC) rule proposal for Registration for Index-Linked Annuities; Amendments to Form N-4 for Index-Linked and Variable Annuities. The proposal calls for amendments to align disclosures of registered index-linked annuities (RILA) with those of variable annuities, and to require the reporting of […more]
The XBRL US Regulatory Modernization Working Group submitted a comment letter in response to the Securities and Exchange Commission proposed rule, EDGAR Filer Access and Account Management, also known as “EDGAR Next”. The letter addressed questions posed in the SEC proposal and raised specific concerns about: 1) the need for additional API functionality to keep […more]
The XBRL US Regulatory Modernization Working Group submitted a comment letter in response to the Securities and Exchange Commission proposed rule, EDGAR Filer Access and Account Management, also known as “EDGAR Next”. The letter requests a 60-day extension on the current comment period, set to expire on November 21, 2023, given the technical complexity of […more]
The Securities and Exchange Commission (SEC) published a new rule proposal, Volume-Based Exchange Transaction Pricing for NMS Stocks, to prohibit national securities exchanges from offering volume-based transaction pricing in connection with the execution of agency-related orders in certain stocks. If exchanges offer such pricing for their members’ proprietary orders, the proposal would require the exchanges […more]
September 2023 New speakers and sessions added to GovFin 2023: Empowering Governments, Modernizing Reporting, to be held in Washington, DC on November 9, 2023. Barnet Sherman, Founder, Senior Managing Partner, The Tenbar Group; Professor at Boston University; and Senior Contributor to Forbes.com, will share insights into the future of the municipal bond market and the […more]
The Financial Accounting Standards Board (FASB) staff issued Proposed Technical and Other Conforming Improvements for the 2024 GAAP Taxonomy File Reference No. 2024-2500. The comment period ends on November 1, 2023. Interested parties may provide comments on the proposed technical and other conforming improvements by sending their comments to xbrled@fasb.org or by sending written comments to […more]
The Securities and Exchange Commission (SEC) published its final rule Investment Company Names, which calls for enhanced prospectus disclosure requirements pertaining to the terminology used in fund names as well as additional for reporting on Form N-PORT regarding compliance with the names-related regulatory requirements. This rule requires funds to tag most of the new information […more]
The national consortium for
the business reporting standard
