Posted on Tuesday, November 15, 2022

The Financial Accounting Standards Board (FASB) staff recently issued a proposed Taxonomy Implementation Guide (Guide) based on the proposed 2023 GAAP Financial Reporting Taxonomy (Taxonomy) that is pending SEC acceptance and is subject to change until published as final. The proposed Guide, Financial Services—Investment Companies (Including SEC S-X Schedules for Business Development Companies, includes examples to help users of the Taxonomy understand how the modeling for the reporting by investment companies is structured within the Taxonomy.

Interested parties may submit comments on the proposed Guide on investments companies (File Reference Number 2023-2550) by emailing comments to or sending written comments to “Chief of Taxonomy Development, FASB 801 Main Avenue, P.O. Box 5116, Norwalk, CT 06856-5116.” Include the File Reference Number indicated above and on the cover of the proposed Guide.

The comment period for the proposed Guide ends on December 14, 2022.

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