XBRL International Inc. announces an update to its IPR Policy

22 July 2009

XBRL International (XII) has updated its Intellectual Property Rights (IPR) Policy to bring it up to date with current industry terminology and practice. It was approved by the International Steering Committee at their meeting on 22^nd June 2009 after a period of membership review.

All Members, Participants, and Representatives, and any third parties attending any meeting of a Technical Working Group or a Practice Working Group (WG) or otherwise participating in XII activities are subject to this Policy.

The revised IPR Policy was adopted as a governing document of the corporation to take effect at 0001 UTC, 1st August, 2009 under transitional arrangements as follows:

1. Individuals who join a WG on or after 1^st August, 2009 will be required to accept the new policy upon joining WGs with notification to their employer that this has been done. Confirmation of their employer’s acceptance of the policy will also be required.
2. Existing WG members will be required to have their employers agree to the new policy by 1^st October, 2009 in order to continue their membership.
3. All existing RECOMMENDATIONS are still subject to the old policy. Subsequent modifications to such RECOMMENDATIONS will be subject to the new policy.
4. Any work in progress as of 1^st August, 2009 will be subject to the new policy.
5. Contributors to work that is currently in progress will be given the opportunity to withdraw their contribution by 1^st August, 2009 if they cannot accept the new policy otherwise they will be deemed to have accepted that their previous contributions are subject to the new policy.

XII hopes that the revised IPR policy will be viewed as a significant improvement in providing flexibility in the use of the work product of the consortium. It has been designed to be simpler and easier to understand than the previous policy and to reflect input from all stakeholders. A “Frequently Asked Questions” (FAQ) document is also provided to explain the new policy and the reasons for change.

The old and new policies, as well as the FAQ document, are available from the XII website at http://www.xbrl.org/GoverningDocuments.

Announced by:

Hugh Wallis

XBRL International