Posted on Friday, August 28, 2020

XBRL US submitted a comment letter in response to the SEC’s Extension of Data Collection of Form 6-K. We recommended that Form 6-K filers be required to prepare cover pages for 6-Ks using Inline XBRL, in the same way that Form 8-K cover pages must be prepared with the passage of the FAST Act.

Investors need access to all corporate data defined and structured, and therefore accessible, in the same fashion. Providing US based corporate registrant data in structured, more timely format; and providing foreign private issuer data in unstructured HTML or text format, limits the usability of all data, and puts foreign private issuers at a disadvantage. It also increases the cost of analyzing registrant data as one data extraction and analysis method must be used for US based registrants and a separate method must be used for foreign private issuers.

Read the letter: XBRL US Comment on Data Collection of Form 6-K_8_28_2020