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Latest News

News
Wednesday, February 9, 2022

SEC Proposes Shortening Settlement Cycle

This proposal aims to shorten the standard settlement cycle for most broker-dealer transactions from two to one business day after the trade date with a compliance date of March 31, 2024.

Comments are due the later of 30 days after publication in the Federal Register or April 22, 2022.

News
Wednesday, February 2, 2022

FERC Publishes Draft Taxonomy

The latest draft taxonomy from the Federal Energy Regulatory Commission (FERC) is now available. This draft precedes the proposed taxonomies for 2022 that will be posted later in February. Please notify FERC of any issues so that those issues can be addressed prior to the final release. Visit this page to access the draft: https://xbrl.us/xbrl-taxonomy/2022-eforms/

News
Friday, January 28, 2022

SEC Reopens Comment Period on Pay vs. Performance Proposal

The Securities and Exchange Commission (SEC) announced the reopening of the public comment period for the rule proposal on Pay Versus Performance. The proposal was officially published in the Federal Register with a public comment period close date of March 4, 2022. If finalized as proposed, the rule would amend the current executive compensation disclosure […more]

News
Monday, January 24, 2022

XBRL US Comments on FERC Notice of Data Collection for Form 6/6-Q

XBRL US submitted a comment letter in response to a notice of information collection from the Federal Energy Regulatory Commission (FERC) regarding Forms 6 and 6-Q. Both forms are now required to be reported in XBRL format. The XBRL US letter expressed our support for the data collection in XBRL format. Read the letter: XBRL […more]

News
Thursday, January 20, 2022

XBRL US Presents at OMB Grants Innovation Exchange

XBRL US was given an opportunity to present an XBRL Grants Case Study at the CFO Council Grants Community of Practice Innovation Exchange. During the program, hosted by the Office of Management and Budget, the XBRL US Standard Government Reporting Working Group, shared a case study on how grants reporting, including Single Audit, can be […more]

News
Wednesday, December 22, 2021

XBRL US Comments on SEC Proposal Updated EDGAR Filing Requirements

XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) regarding its proposed rule Updated EDGAR Filing Requirements, which aims to improve investor access to information in registration statements, periodic reports and other filings made with the Commission. The proposal includes a requirement for Inline XBRL for the filing of financial statements […more]

News
Wednesday, December 15, 2021

SEC Proposes Share Repurchase Disclosure Modernization

The Securities and Exchange Commission (SEC) published a rule proposal  designed to modernize and improve disclosure about repurchases of an issuer’s equity securities on a new Form SR on purchases of equity securities for each day that it makes a share repurchase. Form SR would report any purchase made by or on behalf of the […more]

News

SEC Proposes Money Market Reforms

The Securities and Exchange Commission (SEC) published a rule proposal  designed to reform money market disclosures which requires Form N-CR to be prepared in a custom XML data language. The Commission noted that they opted not to require Inline XBRL, “Due to the number of individual transactions that might be reported as Form N-CR data […more]

News

SEC Proposes Rule 10b5-1 and Insider Trading

The Securities and Exchange Commission (SEC) published a proposal on Rule 10b5-1 and Insider Trading.  The proposed rule would require certain amendments to Exchange Act Rule 10b5-1(c ) (1) to address concerns about abuse of the rule and proposing new disclosure requirements regarding insider trading policies. As written, the rule would require an issuer to […more]

News
Tuesday, December 14, 2021

XBRL US Comments on SEC Proposal on Enhanced Reporting of Proxy Votes

XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) regarding its proposed rule Enhanced Reporting of Proxy Votes by Registered Management Investment Companies; Reporting of Executive Compensation Votes by Institutional Investment Managers. The rule proposes that fund reporting of proxy votes on Form N-PX be enhanced by adding additional disclosures, and […more]


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