Posted on Saturday, August 29, 2020

XBRL US  submitted a comment letter in response to the SEC’s draft Closed-End Fund (CEF) Taxonomy which has been prepared to support the SEC rule for Securities Offering Reform for Closed-End Investment Companies.

We recommended that the Commission:

  • Rely on the XBRL International Data Type Registry in determining data types.
  • Consider structuring the DEI Taxonomy, which contains concepts for cover page tagging for various reporting entities, so that issuers can more easily identify the concepts specific to their own disclosures.
  • Make the draft taxonomy available in spreadsheet format for ease of viewing, and provide a wide range of example instance documents to aid vendors and issuers when preparing their own filings.

Read the letter: XBRL US Comment on DRAFT CEF Taxonomy_8_29_2020