Get the latest news and information about XBRL in the United States. We’re also on Twitter with breaking news – twitter.com/xbrlus, and updated event listings – twitter.com/xbrlevents.

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SEC Reporting || Industries || Government || Using Data

Latest News

News

Friday, September 22, 2023

SEC Final Rule Investment Company Names Requires XBRL Tagging

The Securities and Exchange Commission (SEC) published its final rule Investment Company Names, which calls for enhanced prospectus disclosure requirements pertaining to the terminology used in fund names as well as additional for reporting on Form N-PORT regarding compliance with the names-related regulatory requirements. This rule requires funds to tag most of the new information […more]

News

SEC Proposes EDGAR Next Rule

The Securities and Exchange Commission (SEC) published the proposed rule EDGAR Filer Access and Account Management in the Federal Register. This rule calls for amendments to access and management of accounts in the EDGAR system, referred to as EDGAR Next. Comments to this proposal are due November 21, 2023. Read the proposed rule and fact […more]

News

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]

News

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]

News

Friday, August 25, 2023

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]

News

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]

News

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]

News

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]