XBRL US submitted a comment letter in response to the Securities and Exchange Commission (SEC) proposal on Share Repurchase Disclosure Modernization which aims to provide more detailed, frequent information to help investors better understand issuer’s market activity, motivation for share repurchase, and execution of the plan itself; and to give investors insights into a potential relationship between share repurchase and executive compensation and stock sales. The proposal also requires that these disclosures be prepared using detailed and block text tagging in XBRL format to ensure that they are accessible and timely for investors and market participants for aggregation, comparison and analysis.
Read the letter:XBRL US Comment on Share Repurchase Disclosure File No S7-21-21
