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) and 408(b)(1) be tagged in Inline XBRL including block text tagging of narrative as well as detail tagging of quantitative amounts disclosed within the narrative.
The final rules are effective February 27, 2023. Registrants must comply with the Inline XBRL tagging requirements beginning with the first filing that covers the first full fiscal period beginning on or after April 1, 2023, for companies other than Small Reporting Companies (SRC). SRCs will be required to provide and tag the disclosures after an additional six-month transition period.
Read the final rule.
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