The Securities and Exchange Commission announced the appointment of Satyam Khanna in a new role as Senior Policy Advisor for Climate and ESG in the office of Acting Chair Allison Herren Lee. This new SEC position will focus on advising the agency on environmental, social, and governance matters, and to advance new initiatives across the […more]
Certain axes in the IFRS taxonomy should only have certain members, otherwise consumption of the data is adversely impacted because the resulting axis and member combinations are nonsensical. This guidance provides limitations on the use of certain axis and member combinations that should be adhered to when tagging financial information using the IFRS Taxonomy.
XBRL US submitted a letter commenting on the MSRB’s Strategic Goals and Priorities which asks the MSRB to consider how data standards would impact the current EMMA (Electronic Data Municipal Markets Access) data collection and dissemination process. We pointed out that we support the use of data standards to improve efficiencies in the reporting and […more]
December, 2020 XBRL US commented on SEC proposal on tailored shareholder reports. The SEC proposal, Tailored Shareholder Reports, Treatment of Annual Prospectus Updates for Existing Investors, and Improved Fee and Risk Disclosure for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements, recommends changes to modernize the disclosure framework for open-end management investment […more]
On December 22, the Securities and Exchange Commission (SEC) published Rule 144 Holding Period and Form 144 Filings, which proposes to change the securities holding period start time and to mandate the electronic filing of Form 144 for securities subject to Exchange Act reporting requirements. The section of the proposal on Format requirements, states: While […more]
On December 7, 2020, the Municipal Securities Rulemaking Board (MSRB) published a notice requesting input on their strategic goals and priorities to help them assess the long-term direction of the MSRB. They are looking for input on how the MSRB is fulfilling its Congressional mandate to develop rules and systems to support the municipal securities […more]
November, 2020 This year’s XBRL US Investor Forum provided an insightful lens into the future of structured reporting. SEC Commissioner Allison Herren Lee touched on several topics in her keynote address (watch video). The Commissioner noted several areas including proxy, ESG, MD&A and earnings releases as disclosures that could benefit from structured data formatting: “As […more]
The SEC not only acknowledges the value of DQC rules, but indicates that the staff is using the rules themselves.
The Securities and Exchange Commission published a rule proposal to the Federal Register, Tailored Shareholder Reports, Treatment of Annual Prospectus Updates for Existing Investors, and Improved Fee and Risk Disclosure for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements, which aims to modernize the disclosure framework for open end management investment companies. […more]
The Securities and Exchange Commission announced that the IFRS Foundation has published a proposed update to the IFRS Taxonomy 2020 for public comment. The taxonomy updates address topics including earnings per share, employee benefits expenses and share-based payment expenses, as well as the effect of changes in foreign exchange rates. Comments should be sent directly […more]
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