Media

Monday, November 4, 2019

Reason Foundation Comments on SEC FIMSAC Discussion on Structured Municipal Disclosures

The Securities and Exchange Commission’ Fixed Income Market Structure Advisory Committee held a meeting on November 4, 2019 which addressed “Structured Disclosures by Municipal Issuers” featuring speakers from Municipal Securities Rulemaking Board (MSRB), Will County, IL, Municipal Market Analytics, XBRL US, and the Securities and Exchange Commission. Marc Joffe and Spencer Purnell of XBRL US […more]

XBRL US CEO Participated in SEC Fixed Income Market Structure Advisory Committee

The Securities and Exchange Commission’ Fixed Income Market Structure Advisory Committee held a meeting on November 4, 2019 which addressed “Structured Disclosures by Municipal Issuers” featuring XBRL US CEO Campbell Pryde. Key messages conveyed during the panel included how XBRL data standards can be used to improve the efficiency and effective of municipal reporting. Separately, […more]

Monday, October 28, 2019

FASB Chairman to Address Importance of Standardized Data in Setting Accounting Standard, at XBRL Investor Forum, Nov 4 in NY

FASB Chairman Russ Golden to keynote XBRL US Investor Forum.

Topics to be covered include blockchain, artificial intelligence, new reporting domains like municipal securities reporting, and more.

Thursday, October 24, 2019

SEC Proposes Inline XBRL for Fee Calculation Tables and Fee Footnotes

The SEC published a new rule proposing that Inline XBRL tagging be required for all fee calculation table and fee footnotes in fee bearing filings, including Funds and Transactional 1933 Act filings, tender offers, proxies (with fees), etc. On page 10 of the rule: amend most fee-bearing forms, schedules and statements to provide that each […more]

Tuesday, October 22, 2019

XBRL US Comments on SEC Modernization of Reg S-K

XBRL US submitted a comment letter responding to the SEC proposal, Modernization of Regulation S-K Items 101, 103, and 105. The Commission proposes various changes in disclosure requirements related to Item 101 for business description, Item 103 for legal proceedings and Item 105 for risk factors. The proposed amendments are intended to improve the readability of […more]

Monday, October 21, 2019

Senate Passes GREAT (Grants Reporting Efficiency & Agreements Transparency) Act

The U.S. House of Representatives passed the Grants Reporting Efficiency and Agreements Transparency (GREAT) Act (H.R. 4887). A Senate version (S. 3834), introduced by Senators James Lankford (OK) and Michael Enzi (WY), was passed by the Senate Homeland Security and Governmental Affairs Committee.

Wednesday, October 16, 2019

XBRL US Supports Financial Transparency Act (FTA)

XBRL US supports the Financial Transparency Act (FTA) (HR 4776), which was reintroduced on September 24, 2019 by Carolyn Maloney (NY-D), Chair of the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, of the House Financial Services Committee, and by Patrick McHenry (NC-R), Ranking Member of the Subcommittee. This is a very important bill for […more]

Wednesday, October 2, 2019

SEC Proposes Update of Statistical Disclosures for Banks

On September 17, 2019, the SEC published a rule proposal: Update of Statistical Disclosures for Bank and Savings and Loan Registrants.  Today, that proposal was posted on the Federal Register, with an official publication date of October 3. Comment letters are due 60 days from the date of publication in the Federal Register. A proposal […more]

Tuesday, September 24, 2019

XBRL US on SEC Concept Release: Harmonizing Exempt Securities Offering

XBRL US submitted a comment letter responding to the SEC Concept Release on Harmonization of Securities Offering Exemptions. The XBRL US letter noted that the Commission could more effectively meet its goal of simplifying and harmonizing the exempt offering framework by requiring all reporting entities to use the same consistent method to report the same disclosures. […more]

Financial Transparency Act (FTA) Reintroduced

On September 24, 2019, the Financial Transparency Act (FTA)  (H.R. 4476) was reintroduced by House Financial Services Committee Ranking Member Patrick McHenry (NC-R) and Subcommittee Chairwoman Carolyn Maloney (NY-D). This is a very important bill for data standards, with a stated goal: To amend securities, commodities, and banking laws to make the information reported to […more]