Media

Wednesday, May 24, 2023

XBRL US Comments on SEC Cybersecurity Proposal for Broker Dealers, Clearing Agencies & More

XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) in response to the rule proposal on Cybersecurity Risk Management Rule for Broker-Dealers, Clearing Agencies, Major Security-Based Swap Participants, the Municipal Securities Rulemaking Board, National Securities Associations, National Securities Exchanges, Security-Based Swap Data Repositories, Security-Based Swap Dealers, and Transfer Agents. The XBRL […more]

Tuesday, May 23, 2023

XBRL US Comments on SEC Electronic Submission of Certain Material; Amendments to FOCUS

XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) in response to the rule proposal on Electronic Submission of Certain Material Under the Securities Exchange Act of 1934; Amendments Regarding the FOCUS Report. The letter expressed XBRL US’ support for the Commission’s proposal to require documents to be filed electronically and […more]

Tuesday, May 16, 2023

SEC Publishes Draft Open-End Taxonomy for Public Review

The Securities and Exchange Commission (SEC) published the draft Open-End Fund Taxonomy and taxonomy guide for public review. Files are available at https://www.sec.gov/structureddata/dera_taxonomies. Sample filings using the draft OEF taxonomy can be found at https://xbrl.sec.gov/oef/2023/oef23-samples-2023-05-02.zip. Comments must be received by June 5, 2023.

Friday, May 12, 2023

FASB Proposed GAAP Taxonomy Improvements: Stock Compensation

The Financial Accounting Standards Board (FASB) staff have issued for comment proposed GAAP Taxonomy Improvements for an Update on Stock Compensation (Topic 718): Scope Application of Profits Interest Awards.  Read the Release Notes. The comment period on the proposed GAAP Taxonomy Improvements for the proposed Update ends on July 10, 2023. Interested parties may provide […more]

Wednesday, May 3, 2023

SEC Reopens Comment on Modernization of Beneficial Ownership Reporting

The Securities and Exchange Commission (SEC) reopened the comment period for the rule proposal, Modernization of Beneficial Ownership Reporting. The Commission is reopening the comment period to allow interested persons an opportunity to comment on the additional analysis and data contained in a staff memorandum that was added to the public comment file on April […more]

SEC Final Rule: Amendments to Modernize Share Repurchase Disclosure

The Securities and Exchange Commission (SEC) published a final rule proposal on Amendments to Modernize Share Repurchase Disclosure. The requirements require tabular disclosure of repurchase activity aggregated on a daily basis, and disclosed either quarterly or semi-annually. Structured data requirements are stated in the rule as follows: We are adopting, as proposed, final amendments to […more]

Monday, May 1, 2023

XBRL US Comments on GSA RFI RE: GREAT Act Data Standards for Grants Reporting

XBRL US submitted a comment letter to the General Services Administration (GSA) regarding a Request for Information on the Federal Integrated Business Framework (FIBF) Information Management Toolset. The FIBF Framework is part of the implementation of the Grants Reporting Efficiency and Transparency (GREAT) Act which aims to bring data standards into the grants reporting process […more]

Thursday, April 27, 2023

SEC Open Meeting on Form PF & Disclosures about Repurchases of Equity Securities

The Securities and Exchange Commission announced that they will be holding an open meeting on May 3, 2023, at 10 AM ET to address: Whether to adopt rule amendments that modernize and improve disclosure about repurchases of an issuer’s equity securities that are registered under the Securities Exchange Act of 1934, including requiring issuers to […more]

Friday, March 31, 2023

SEC Hosting Municipal Securities Disclosure Conference, May 10, 2023

The Securities and Exchange Commission (SEC) announced plans to hold a Municipal Securities Disclosure Conference on May 10, 2023 at SEC headquarters. The event will have both in-person and virtual access and registration is required.  The deadline to register is May 5, 2023. Topics to be covered include: Financial Data Transparency Act (FDTA) Voluntary Disclosure […more]

Wednesday, March 29, 2023

FASB Proposed GAAP Taxonomy Improvements: Accounting & Disclosure of CryptoAssets

The Financial Accounting Standards Board (FASB) issued for comment proposed GAAP Taxonomy Improvements for the Proposed Accounting Standards Update—Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets, to improve the accounting for and disclosure of certain crypto assets. Comments are due by June 6, 2023. Read the action alert: FASB Staff […more]