Media

Friday, September 8, 2023

XBRL US Comments on SEC Share Repurchase Taxonomy

XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) with observations and questions related to the Share Repurchase Taxonomy which was developed to support implementation of the final rule, Amendments to Modernize Share Repurchase Disclosure. Our letter raises issues around the SHR Taxonomy including the use of shared taxonomies, parent-child relationships, […more]

Thursday, August 31, 2023

XBRL US Comments on SEC Proposed Collection: Rule 17g-1 and Form NRSRO

XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) in response to its Request for Comment on the Proposed Collection on Rule 17g-1 and Form NRSRO. The letter suggested that the SEC transition Form NRSRO to XBRL-CSV to satisfy requirements of the Financial Data Transparency Act (FDTA) and to leverage the […more]

Friday, August 25, 2023

XBRL US RMWG Seeks Further Information from SEC on EDGAR BETA Testing for Filing Fee Modernization

The XBRL US Regulatory Modernization Working Group (RMWG) submitted a letter to the Securities and Exchange Commission (SEC) requesting additional information about the upcoming EDGAR BETA Test which is being established to support the Filing Fee Disclosure and Payment Methods Modernization final rule. The letter notes that the working group greatly appreciates the plan to […more]

XBRL US RMWG Comments on RXD Taxonomy

The XBRL US Regulatory Modernization Working Group (RMWG) submitted a letter to the Securities and Exchange Commission (SEC) providing feedback on the RXD Taxonomy which was developed to support the SEC final rule, Disclosure of Payments by Resource Extraction Issuers. The letter suggested that the SEC consider allowing filers to prepare their submissions in support […more]

Wednesday, August 16, 2023

XBRL US RMWG Input to SEC Taxonomy Development Approach and Rule Implementation

The XBRL US Regulatory Modernization Working Group (RMWG) submitted a letter to the Securities and Exchange Commission (SEC) with recommendations on the SEC’s approach to taxonomy development. There has been a significant increase in the number of final and proposed rules published by the SEC over the past few years which contain structured data requirements.  […more]

Wednesday, July 26, 2023

SEC Final Rule: Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure

Securities and Exchange Commission (SEC) published the final rule for Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure, requiring periodic disclosures about a registrant’s processes to assess, identify, and manage material cybersecurity risks, management’s role in assessing and managing material cybersecurity risks, and the board of directors’ oversight of cybersecurity risks. Lastly, the final rules […more]

Monday, July 24, 2023

XBRL US Hosts GovFin 2023: Empowering Governments, Modernizing Reporting, November 9, 2023, Washington, DC

XBRL US announced that they will be hosting a one-day conference, GovFin 2023: Empowering Governments, Modernizing Reporting, in Washington, DC, on Thursday, November 9, 2023. This educational forum will focus on the passage of legislation including the Financial Data Transparency Act (FDTA), and the Grants Reporting Efficiency and Transparency (GREAT) Act, and on how governments […more]

Monday, July 17, 2023

SEC Publishes Draft Share Repurchase Taxonomy

The Securities and Exchange Commission published the draft 2023 Share Repurchase (SHR) Taxonomy which will be used to support the SEC final rule on Share Repurchase Disclosure Modernization. The rule requires issuers to tag the information disclosed pursuant to Items 601 and 703 of Regulation S-K, Item 16E of Form 20-F, Item 14 of Form […more]

Wednesday, July 12, 2023

SEC Final Rule: Money Market Fund Reforms

The Securities and Exchange Commission (SEC) announced the adoption of amendments to rules related to money market funds. The rule requires funds to prepare Form N-CR in custom XML format. Read the announcement. Read the rule. Read the fact sheet.  

Tuesday, July 11, 2023

SEC Requests Comment on Rule 17g-1 and Form NRSRO

The Securities and Exchange Commission (SEC) today published a Proposed Collection; Comment Request for Rule 17g-1 and Form NRSRO. Form NRSRO is required to be reported in XBRL format. Comments are due on August 6, 2023. Read the request.