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XBRL US Working Group provides commentary on SEC’s EDGAR Next proposal

December 10, 2023

Last week, the XBRL US Regulatory Modernization Working Group (RMWG) submitted a comment letter in response to the Securities and Exchange Commission’s (SEC) proposed rule, EDGAR Filer Access and Account Management, also known as ‘EDGAR Next.’

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FCA launches disclosure regime for sustainable investments

December 10, 2023

The UK’s Financial Conduct Authority (FCA) has announced a package of sustainability disclosure requirements and investment labels, aiming to improve trust and transparency around sustainable investment products and facilitate informed decision-making.

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IASB proposes revisions for clearer financial instrument reporting

December 10, 2023

The International Accounting Standards Board (IASB) has proposed amendments to IAS 32, IFRS 7, and IAS 1 to enhance accounting requirements for financial instruments with both debt and equity features.

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Another software product certified for newest XBRL formats

December 10, 2023

We are very pleased to announce that Interstage XWand Runtime from Fujitsu has achieved XBRL Certified Software status for certification modules relating to xBRL-JSON and xBRL-CSV. This demonstrates that it is able to handle these newer XBRL formats.

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A short delay. But don’t delay

December 2, 2023

In a speech on Tuesday at the EFRAG conference, European Commissioner Mairead McGuinness provided a public indication of something that we have been expecting for some time. As things stand, the steps required to formalise the EFRAG sustainability reporting (ESRS)  taxonomy as official EU regulations will be delayed.

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SEC updates interactive data test suite

December 2, 2023

The US Securities and Exchange Commission (SEC)  has rolled out an update to its Interactive Data Test Suite, accessible here.

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Corporate governance reporting: progress and challenges

December 2, 2023

In its Annual Review of Corporate Governance Reporting, the UK’s Financial Reporting Council (FRC) acknowledges improvements in reporting quality against the UK Corporate Governance Code by listed entities in that country. It also points out persistent challenges.

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EIOPA looks to unlock the power of data

December 2, 2023

In a recent keynote speech at the European Insurance and Occupational Pensions Authority (EIOPA) Conference the organisation’s Chairperson Petra Hielkema highlighted the role of data in steering the future of supervision. The speech emphasised the need for collaborative efforts, innovative approaches, and access to data to harness its potential.

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XBRL US supports the SEC’s rule proposal on Registered Index-Linked Annuities

December 2, 2023

XBRL US has submitted a comment on the US Securities and Exchange Commission’s (SEC) proposed rule change for the Registration for Index-Linked Annuities.

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New Zealand’s XRB issues guidance for climate-related financial disclosures

December 2, 2023

The New Zealand External Reporting Board (XRB) has addressed the need for coherence between climate reporting and financial statements. The newly published guidance is designed for Climate Reporting Entities, offering insights into how New Zealand’s accounting standards apply to climate-related matters in financial statements.

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