The Securities and Exchange Commission (SEC) announced a proposal for Investment Adviser Performance-Based Compensation Modernization, which calls for an exemption from the statutory prohibition on registered investment advisers receiving compensation on the basis of a share of capital gains in or capital appreciation of an advisory client’s account. It would require specialized disclosures in the fee […more]
The Federal Reserve Board published a request for comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act. The first proposal would require that Board-supervised payment stablecoin issuers fully back their stablecoins with certain permissible reserve assets and establish standardized capital requirements and risk management standards. […more]
The XBRL staff of the Financial Accounting Standards Board (FASB) proposed GAAP Taxonomy Improvements for the proposed Accounting Standards Update: Transfers and Servicing—Servicing Assets and Liabilities (Subtopic 860-50): Mortgage Servicing Rights—Recapture (Release Notes). The proposed Update on mortgage servicing rights—recapture (File Reference No. 2026-ED600) would require that the effects of recapturing mortgage servicing rights be […more]
XBRL US submitted a comment letter to the Federal Deposit Insurance Corporation (FDIC) in response to their Reporting Forms and Instructions Associated with Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers. The XBRL US comment recommended that the FDIC: Require issuer applications and ongoing disclosures to be prepared in digital, machine-readable format for economies […more]
The Securities and Exchange Commission (SEC) announced that they have updated the EDGAR System to Release 26.3 and no longer support the 2024 GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy. In addition, the 2024 versions of the following taxonomies are no longer supported: Country (COUNTRY), Currency (CURRENCY), Document and Entity Information (DEI), and Exchanges […more]
XBRL US responded to the Securities and Exchange Commission (SEC) request for comment on their Regulatory Flexibility Agenda in a letter raising the following points: Urged the Commission to require information disclosed to be prepared in conformance with a semantic data model to ensure that data provided to data consumers is highly-functional, machine-readable, aligned with […more]
The Securities and Exchange Commission (SEC) published an Order Granting Exemptive Relief, Pursuant to Section 36(a)(1) of the Securities Exchange Act of 1934, from Inline XBRL Requirements for Portions of Form CA-1 and Form 1 and for Form X-17A-5 Part III, Form 17-H, and Security-Based Swap Entity’s Annual Compliance Report. Read the order.
The Securities and Exchange Commission’s (SEC) Investor Advisory Committee held a meeting on disclosures and artificial intelligence and the Regulation National Market System. XBRL US’ President and CEO Campbell Pryde participated in the first panel, on artificial intelligence, along with Julie Marlowe, CPA, Assistant Director, Office of Data Standards and Innovation, Division of Economic and […more]
The Governmental Accounting Standards Board (GASB) has published their taxonomy and Structural Design document for the Voluntary Digital Financial Reporting project, for a 60-day public comment period that closes on November 30, 2026. The materials made available by the GASB include the taxonomy (as a zip file and downloaded into an Excel spreadsheet), and a […more]
The Securities and Exchange Commission (SEC) published an announcement on Common Tagging Errors in Schedule III – Real Estate and Accumulated Depreciation which describes issues in real estate companies detailed supplemental schedules including the application of incorrect dimensions when tagging property level information and the use of custom elements when standard elements are available. Read the […more]
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