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Thursday, June 12, 2025

SEC Withdraws 14 Proposal Stage Rules, Including 3 with XBRL Components

The Securities and Exchange Commission (SEC) announced the withdrawal of 14 rules in proposal stage. Three of the rules in proposal stage have XBRL components, including: Cybersecurity Risk Management for Investment Advisers, Registered Investment Companies, and Business Development Companies (view the final rule withdrawal) Enhanced Disclosures by Certain Investment Advisers and Investment Companies about Environmental, […more]

News
Wednesday, June 11, 2025

SEC Further Extends Form PF Amendments Compliance Date

The Securities and Exchange Commission (SEC) extended Form PF Amendments compliance date to October 1, 2025. The compliance date has originally been set for March 12, 2025, and was subsequently pushed to June 12, 2025. The additional extension now to October 1, 2025, will give more time to filers to program and test for compliance […more]

News
Tuesday, June 10, 2025

XBRL US Comments on SEC SPAC Taxonomy

XBRL US submitted a letter to the Securities and Exchange Commission (SEC) raising concerns about the SPAC Taxonomy which is used to tag disclosures in compliance with the final rule, Special Purpose Acquisition Companies, Shell Companies, and Projections. The letter pointed out certain challenges with the SPAC Taxonomy, including the difficulties working with highly detailed […more]

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Friday, May 30, 2025

SEC Custom Tag Analysis Shows Slight Decline for All Filers

The Securities and Exchange Commission (SEC) published an analysis of public company custom tag rates for 2022 through 2024. The analysis shows a slight decline in the use of custom tags across all filers, from 18% in 2023 to 17% in 2024. All categories of filers experienced a decline except for large accelerated filers which […more]

News
Tuesday, May 27, 2025

XBRL US Comments on SEC Proposed Collection; Comment Request; Extension: Interactive Data

XBRL US submitted a comment letter in response to the Securities and Exchange Commission Proposed Collection; Comment Request; Extension: Interactive Data. Points raised in the letter include: Requiring corporate disclosures to be prepared in XBRL format produces structured data that is more useful, accessible, granular, and more consistent than data in unstructured format for regulators, […more]

News
Thursday, May 8, 2025

XBRL US Letter to Congress on Open Data Standards for Government Efficiency

XBRL US sent a letter to key members of the 119th Congress to emphasize the importance of open data standards as a proven method to meet government efficiency goals.  The letter, which was sent to Chairman of the Senate Finance Committee Mike Crapo (R-ID), Senator Mark Warner (D-VA), Chairman of the House Financial Services Committee […more]

News

XBRL US Letter Welcomes Incoming SEC Chair Atkins

XBRL US welcomed incoming Chairman of the Securities and Exchange Commission (SEC) Paul S. Atkins in a letter that addressed the role of data standards in supporting federal government agencies. It noted that data standards: Support the administration’s focus on modernization, efficiency, and productivity improvement. Assist in the creation of machine-understandable data for better, more […more]

News
Friday, May 2, 2025

FASB RFC: Proposed Update on Accounting for Debt Exchanges

On May 2, 2025, the Financial Accounting Standards Board (FASB) issued for comment proposed GAAP Taxonomy Improvements for the proposed Accounting Standards Update: Debt—Modifications and Extinguishments (Subtopic 470-50) and Liabilities—Extinguishments of Liabilities (Subtopic 405-20): Accounting for Debt Exchanges (Release Notes) The proposed Update was issued to clarify that certain debt exchange transactions should be accounted […more]

News
Thursday, May 1, 2025

The University of Denver and XBRL US present GovFin 2025: Designing a Digital Future, July 30-31 in Denver, Colorado

GovFin 2025 will address the implications of digital reporting for municipal bond issuance and the Financial Data Transparency Act (FDTA). The nine agencies tasked with implementing the FDTA are expected to finalize the first phase of rulemaking this year; during the second phase, each agency will develop rule proposals for their own data collections, including […more]

News
Monday, April 21, 2025

SEC Form N-PORT and N-CEN Reporting; Open-End Fund Rule Delayed

On April 21, 2025, the Securities and Exchange Commission (SEC) published a final rule regarding the delay of effective and compliance date for portions of the rule Form N-PORT and Form N-CEN Reporting; Guidance on Open-End Fund Liquidity Risk. The effective date for the amendments to Form N-PORT that were published on September 11, 2024, […more]



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