
global standards for global investors
Hear their views on how foreign private issuers are handling the move to greater standardization in a global marketplace.
Hear their views on how foreign private issuers are handling the move to greater standardization in a global marketplace.
June 2019 Legislative and Regulatory News GREAT Act Passes Senate Committee on Homeland Security & Government Reform FERC Adopts XBRL Standards for Utilities Reporting California State Assembly Committee Approves SB 598, Open Financial Statements Act SEC Publishes Concept Release to Harmonize Exempt Offerings SEC Updates EDGAR to Release 19.2, Publishes DEI Taxonomy U.S. Federal Data […more]
The California State Assembly, Committee on Local Government, unanimously (8 to 0) approved SB 598, the Open Financial Statements Act. If signed into law, this bill requires the creation of the Open Financial Statements Commission, a 9-member commission in the State Treasurer’s office, comprised of a representative from the Controller’s office, a representative from the […more]
The California State Senate unanimously passed Senate Bill 598, the Open Financial Statements Act. The bill would establish a 9-member commission called the Open Financial Statement Commission in the Treasurer’s office. The commission would be tasked with contracting with vendors to build taxonomies suitable for public agency financial filings and create a software tool that enables […more]
April/May 2019 Legislative and Regulatory News SEC Publishes Draft EDGAR Filer Manual SEC Proposes XBRL for Reporting by Business Development Companies & Closed End Funds SEC Finalizes FAST Act Requires XBRL Tagging for Cover Page Small Business Administration Accepts XBRL Data for Surety Bond Guarantee Program FERC Proposal on Transmission Investment Activity References Use of […more]
This Q&A is intended as general guidance and should not be relied upon as authoritative. Filers are encouraged to consult with their own legal and/or with the SEC directly. Early Adoption/Timing Can a public company elect to tag the cover page on their 8-K using Inline XBRL before they file the first 10-Q? Or is […more]
SB 598, a bill introduced in California by Senator John Moorlach, was passed unanimously through the Senate Government Organization Committee. This is the second state Senate committee that has unanimously passed this bill which will go to a final vote before September 13. The bill calls for the creation of the Open Financial Statement Commission, consisting […more]
The Financial Data Transparency Act (FDTA) calls for the use of open data standards by member agencies of the U.S. Financial Stability Oversight Council: U.S. Treasury, the Securities and Exchange Commission (SEC), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Bureau of Consumer Financial Protection (CFPB), the […more]
XBRL US applauds the decision by the Securities and Exchange Commission to adopt Inline XBRL for operating companies and funds.
Join the growing number of professionals using the XBRL application programming interface (API) to get reported data and check reports before filing.
Check out our growing collection of free resources, including: