Posted on Wednesday, August 12, 2015
In response to the SEC proposal on Investment Company Modernization, XBRL US submitted a comment letter on August 11, explaining the value of XBRL over XML as a more appropriate standard for the data investment companies would be required to submit. The SEC proposal recommends that two new forms be introduced to replace existing forms and that the data submitted be provided in structured data format, however it proposes that XML rather than XBRL be the required format. Read the rule proposal.
Download pdf XBRL US Letter on SEC Investment Co Modernization File No. S7-08-15 published August, 2015.
The national consortium for 
standards
Posted on Wednesday, August 12, 2015
In response to the SEC proposal on Investment Company Modernization, XBRL US submitted a comment letter on August 11, explaining the value of XBRL over XML as a more appropriate standard for the data investment companies would be required to submit. The SEC proposal recommends that two new forms be introduced to replace existing forms and that the data submitted be provided in structured data format, however it proposes that XML rather than XBRL be the required format. Read the rule proposal.
Download pdf XBRL US Letter on SEC Investment Co Modernization File No. S7-08-15 published August, 2015.