Posted on Friday, October 9, 2020

The XBRL US Regulatory Modernization Working Group, led by chair John Truzzolino, sent a letter to the SEC COO Kenneth Johnson to make suggestions related to the establishment of a pilot program for the SEC proposal on Filing Fee Disclosures and Payments Modernization. Suggestions made include allowing vendors access to an EDGAR testing system prior to the compliance date and conducting the pilot for at least a 6 month period. The letter also addresses ways that the SEC could improve communication related to EDGAR processing and allowing access to an EDGAR testing system prior to upgrades and updates to EDGAR.

Read: XBRL US Letter to SEC Chief Operating Officer Kenneth Johnson 10-8-2020