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SEC Reporting || Industries || Government || Using Data
The Securities and Exchange Commission (SEC) published a rule proposal on November 4, 2021 that, if passed as written, would require financial statements reported on Form 11-K to be prepared using Inline XBRL. Form 11-K is used for annual reports of employee stock purchase plans, savings plans, and similar plans. Financials in Form 11-K include: […more]
On November 4, 2021, the IFRS Foundation announced the formation of the International Sustainability Standards Board which will develop a comprehensive global base of sustainability disclosure standards to meet investor needs for ESG-related data. They also announced the consolidation of the Climate Disclosure Standards Board (CDSB) and the Value Reporting Foundation (which is composed of […more]
XBRL US submitted a comment letter in response to the Securities and Exchange Commission’s Request for Comment on the 2021 Q4 release draft which updates the Closed-End Fund (CEF) from the previous version that was out for public review in April 2020. Read the release announcement. Read the XBRL US letter: XBRL US Comment on Draft […more]
On October 25, the U.S. House of Representatives passed the Financial Transparency Act (FTA – H.R. 2989) by a vote of 400-19. Big thanks goes to the Data Coalition and many of our members who worked tirelessly to move this legislation forward. This is an important bill that has broad implications for expanding structured data […more]
On October 21, the Securities and Exchange Commission published comments by SEC Commissioner Allison Herren Lee at the PRI/SLEG (Principles for Responsible Investment and the London Stock Exchange Group) Investor Action on Climate Webinar. In her speech, Commissioner Lee noted: “…our staff is actively engaged now in assessing how we can best facilitate the disclosure […more]
The Securities and Exchange Commission published the final rule for Filing Fee Disclosure and Payment Methods Modernization, a significant rule that will require Inline XBRL for, “…most fee-bearing forms, schedules and statements to provide that each filing’s calculation of filing fee tables, together with related explanatory notes to the filing fee tables, include all required […more]
The Securities and Exchange Commission today reopened the comment period for their rule proposal on Listing Standards for Recovery of Erroneously Awarded Compensation, which if finalized as proposed, would require issuers to establish and implement a policy for recovery of incentive-based compensation based on financial information required to be reported. The rule would require the […more]
On September 24, 2021, President Biden signed the Congressional Budget Justification Transparency Act of 2021 which requires federal agencies to publicly post budget justification materials on a website. These materials are funding requests submitted to Congress that outline the funds needed to meet program goals, and include detailed financial (funding) information and textual justification information. […more]
The Securities and Exchange Commission (SEC) announced their plans for EDGAR Next – Improving Filer Access and Account Management. EDGAR Next involves a rule proposal for technical changes to how filers access the EDGAR System to make submissions and how filers manage individuals who make submissions on their behalf. The rule proposal is out for […more]
On September 29, 2021, the Securities and Exchange Commission (SEC) announced a rule proposal, Enhanced Reporting of Proxy Votes by Registered Management Investment Companies; Reporting of Executive Compensation Votes by Institutional Investment Managers, for a 60-day public comment period. The proposal would amend Form N-PX to enhance the information reported and make it easier to […more]
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