The Securities and Exchange Commission (SEC) announced that they are adopting the final rule for Special Purpose Acquisition Companies, Shell Companies, and Projections, which calls for Inline XBRL tagging for information in Subpart 1600 of Regulation S-K. In the XBRL US comment letter submitted in response to this rule in proposal stage, we suggested that the Commission consider giving smaller entities a phase-in period given more limited resources. In the final rule, the Commission has adopted a one-year phase-in for the tagging portion of the new requirements for all issuers.
Read the rule.
Read Chair Gensler’s statement on the rule.
Upcoming XBRL US Events
AI Meets Auditing: Build Smarter Accounting Estimates with Multi-Agent LLMs
Reporting Modernization Work Group Meeting
Communications & Services Steering Committee Meeting
Domain Steering Committee Meeting
States Step In: Corporate Climate Reporting
Standard Government Reporting Work Group Meeting
AI and Structured Data Forum: Optimizing Performance
