Media

Wednesday, October 4, 2023

FASB Issues Proposed Technical Improvements for 2024 GAAP Taxonomy

The Financial Accounting Standards Board (FASB) staff issued Proposed Technical and Other Conforming Improvements for the 2024 GAAP Taxonomy File Reference No. 2024-2500. The comment period ends on November 1, 2023. Interested parties may provide comments on the proposed technical and other conforming improvements by sending their comments to xbrled@fasb.org or by sending written comments to […more]

Monday, October 2, 2023

SEC Proposes Rule: Registration for Index-Linked Annuities; Amendments for Form N-4

The Securities and Exchange Commission (SEC) announced a rule proposal on Registration for Index-Linked Annuities; Amendments to Form N-4 for Index-Linked and Variable Annuities to provide a tailored form to register offerings of registered index-linked annuities (RILA). The proposal would amend Form N-4 which is currently used by most variable annuity accounts, to require isuers […more]

SEC, MSRB and FINRA to Host Virtual Compliance Outreach for Municipal Advisors & Dealers

The Securities and Exchange Commission (SEC) announced plans to hold a virtual compliance outreach program which will be hosted by the SEC Office of Municipal Securities, Municipal Securities Rulemaking Board (MSRB) and Financial Industry Regulatory Authority (FINRA). The program aims to give municipal market participants the opportunity to learn about regulatory and compliance matters for […more]

Tuesday, September 26, 2023

XBRL US Comments on IFRS Sustainability Disclosure Taxonomy

XBRL US submitted feedback expressing our broad support for the proposed IFRS Sustainability Disclosure Taxonomy. Read the XBRL US letter: XBRL US Comment on IFRS Sustainability Disclosure Taxonomy      

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]

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]

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 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]

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]