SEC Proposes XBRL for Business Development Cos (BDC) and Closed End Funds (CEF)

Posted on Tuesday, April 9, 2019

On April 9, 2019, the Securities and Exchange Commission posted to the Federal Register a proposal to require the use of structured data for:

• Business Development Companies (BDC) submitting financial statement information using Inline XBRL;
• BDCs and closed end funds (CEF) to include structured covered page information in their registration statements on Form N-2 using Inline XBRL
• Certain information required in an affected fund’s prospectus to be tagged using Inline XBRL
• Filings on Form 24F-2 be submitted in XML format

Comments on the proposal are due 60 days from the date of publication on the Federal Register. The official publication date is April 10, 2019.

Read the proposal.