XBRL US submitted a comment letter responding to the SEC proposal regarding Financial Disclosures about Guarantors and Issuers of Guaranteed Securities and Affiliates Whose Securities Collateralize a Registrant’s Securities. Points raised in the letter include:
- Disclosures should be made in the same location by all companies.
- Financial disclosures should all be provided in machine-readable format.
- The additional cost of XBRL formatting in the SEC proposal will be minimal.
Read the letter: XBRL US Comment Letter RE Guaranteed Securities File Number S7-19-18
Read the SEC proposal.