SEC publishes draft 2021 Taxonomies
Earlier this week the Securities and Exchange Commission (SEC) published the draft 2021 SEC Taxonomies for public review and comment.
Items tagged with "SEC"
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SEC proposes improved Shareholder disclosures
Regulators today collect a wealth of information on companies to help keep capital markets safe, however, not all that data is relevant for the average investor. This summer the US Securities and Exchange Commission (SEC) has proposed an overhaul of disclosures aimed at shareholders, designed to make them more accessible and useful for retail investors.
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Second Phase for SEC iXBRL Reporting begins
The US Securities and Exchange Commission (SEC) recently stepped up its phased approach to introducing Inline XBRL (iXBRL) tagging requirements.
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ESG “Scores” unhelpful for Investors
This week the US Securities and Exchange Commission (SEC) held a (virtual) meeting of the Asset Management Advisory Committee. Amongst other topics, on the agenda were questions of private investments in relation to Environmental, Social and Governance (ESG) issues. SEC Chairman Jay Clayton introduced the committee by underlining why, for him, the current system of […]
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SEC updates Test Suite
Of relevance to software vendors working with US filings, this week the US Securities and Exchange Commission (SEC) updated its interactive data test suite in order to help software vendors to produce filings that conform to the rules set out in the Edgar Filing Manual. The test suite is a way of expressing those rules in […]
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The need for Contractual Obligations Tables amid Covid-19
Should the US Securities and Exchange Commission (SEC) do away with tables consisting of information that can be compiled elsewhere? This week CFA Institute’s Mohini Singh, ACA, outlines the CFA and Council of Institutional Investor’s arguments against some of the SEC’s proposed updates to Management Discussion and Analysis (MD&A). Their response highlights that although many of […]
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The Need for Contractual Obligations Tables Amid Covid 19
This is a guest post by Ms Mohini Singh, ACA, Director Financial Reporting Policy at CFA Institute. CFA Institute and the Council of Institutional Investors responded to the Securities and Exchange Commission’s Proposed Rule: Management’s Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information. Many of the Commission’s proposals recommend the elimination of information that […]
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XBRL US supports XBRL for MD&A Filing
XBRL US has published a comment letter encouraging the US Securities and Exchange Commission (SEC) to include XBRL tagging in recent proposals to modernise Management’s Discussion and Analysis (MD&A) disclosures. Other parts of the world often call these disclosures “Management Commentary”. Earlier this year the SEC proposed a number of reforms to modernise, enhance and simplify […]
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XBRL US publishes DQC 12th Ruleset
This week the XBRL US Data Quality Committee (DQC) published its 12th Ruleset for public review.
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SEC underlines importance of Disclosures in fight against Covid-19
“Forward Looking Statements” have a specific meaning in securities law and regulation. Academic, regulatory and market literature is filled with the pros and cons of companies providing information in their financial statements that help users understand what might impact future earnings and cashflows and that isn’t based on historical facts. If in January you had […]
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