Posted on Tuesday, February 25, 2020

XBRL US submitted a comment letter weighing in on the SEC proposal that fees and calculation tables in fee-based tables be prepared in Inline XBRL format. XBRL US supports the proposal and agrees with the Commission that structuring fee data will improve the efficiencies of the fee validation process for SEC staff, and will increase the confidence of registrants in the accuracy of their calculated filing fee.

In addition to questions about various aspects of the proposal, the SEC also asked if a pilot or test period would be advisable. We supported the idea of a pilot as a good means to identify and resolve issues that may arise during implementation.

Read the XBRL US letter: XBRL US Comment RE SEC File Number S7-20-19 Fee-Based Filings