The Securities and Exchange Commission (SEC) has adopted new rules on electronic filing, including expanded XBRL reporting, in order “to promote efficiency, transparency, and operational resiliency.”
For those taking a close interest in the development of the European Sustainability Reporting Standards, the European Financial Reporting Advisory Group (EFRAG) has published its ‘Basis for conclusions’ to supplement recent exposure drafts, currently out for consultation.
The European Banking Authority (EBA) has published phase 2 of version 3.2 of its reporting framework, with an updated technical package including XBRL taxonomies, validation rules, and the Data Point Model (DPM).
The three European Supervisory Authorities (ESAs) – the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA) – have issued a joint supervisory statement clarifying key aspects of Sustainable Finance Disclosure Regulation (SFDR) disclosures.
On 24 May 2022, the Financial Data Transparency Act (FDTA) was introduced in the US Senate. It has undergone a slight name change, having been previously known as the Financial Transparency Act, since passing the House of Representatives in November last year.
The US Securities and Exchange Commission (SEC) has announced that on 21 June 2022 it will upgrade its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system to Release 22.2.
A useful recent blog post from Jonathan Rabbitt of CoreFiling explores the ‘target document’ feature in Inline XBRL.
The European Banking Authority (EBA) has published an updated mapping between its two key reporting requirements, aimed at “improving cost-efficiency for banks and enhancing consistency of data between public disclosures and supervisory reporting.”
The International Financial Reporting Standards (IFRS) Foundation continues the process of consolidating the Value Reporting Foundation (VRF) into the organisation.
We found food for thought in a recent survey of US public companies by EY and the Financial Education & Research Foundation on ‘How finance professionals are helping to advance ESG reporting.’
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