Tucked into Chapter 8 of the Financial Conduct Authority (FCA) Quarterly Consultation are proposals to allow UK issuers to use a wider range of XBRL taxonomies.
The Bank for International Settlements (BIS) Innovation Hub, the Reserve Bank of Australia, the Bank Negara Malaysia, the Monetary Authority of Singapore, and the South African Reserve Bank have announced that they will be collaborating to test the use of central bank digital currencies (CBDCs) for international settlements.
In August, the XBRL Standards Board voted to publish the xBRL-CSV, xBRL-JSON and xBRL-XML specifications to Proposed Recommendation, the final step before they mature to Recommendation status.
“By thinking of taxonomies as modular ‘building blocks’, it is easier to design and maintain these sometimes complex products.”
On 10 November, XBRL US will host its Investor Forum 2021: Data that Delivers, and has now announced its two keynote speakers.
In the United States, the Financial Accounting Standards Board (FASB) has published its proposed DQC Rules Taxonomy (DQCRT) and Technical Guide for 2022, including a number of new rules. It is now available for public review and comment until 23 September 2021.
How can financial reports provide better information on intangibles? The European Financial Reporting Advisory Group (EFRAG) has published a discussion paper examining different approaches to this issue, with comments requested by 30 June 2022.
The US Securities and Exchange Commission (SEC) has submitted a request for extension of its Form S-1 to the Office of Management and Budget. It is open for comment for 30 days from publication on 9 August.
For those interested in reporting in the UK, the Financial Reporting Council (FRC) has issued its draft XBRL taxonomies suite for 2022 on the Yeti taxonomy viewer.
The US Securities and Exchange Commission (SEC) has announced the official launch of a suite of Application Programming Interfaces (APIs) that provide free public access to filings data submitted to its Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) in XBRL format.
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