Posted on Thursday, October 14, 2021

The Securities and Exchange Commission today reopened the comment period for their rule proposal on Listing Standards for Recovery of Erroneously Awarded Compensation, which if finalized as proposed, would require issuers to establish and implement a policy for recovery of incentive-based compensation based on financial information required to be reported. The rule would require the disclosure of the policy as an exhibit block tagged in XBRL, and potentially requiring detail tagging of specific data points in the new compensation recovery disclosure. The rule is out for a 30-day public comment period which closes November 21, 2021.

XBRL US did not submit a comment letter on this proposal when it was first published on July 14, 2015, although we referenced the rule and our support for the use of XBRL, in a comment letter submitted on August 30, 2021, in response to the SEC’s Semiannual Regulatory Agenda ( This newly opened comment period gives us another opportunity to weigh in on this proposal.

Read Chair Gensler Remarks.

Read the proposal.


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