The US Securities and Exchange Commission (SEC) has proposed updates to National Market System (NMS) regulation designed to improve the transparency, efficiency and fairness of market data.
The US Securities and Exchange Commission (SEC) has published a draft update for 2020 to the Document and Entity Information (DEI) taxonomy. Interested and affected parties are invited to provide comments on the draft DEI taxonomy via email to StructuredData@sec.gov before the deadline of 27 May 2020. Read more and access the taxonomy files here.
The US Federal Energy Regulatory Commission (FERC), which switched to XBRL for a number of utilities reporting forms last year, has published a rule proposal to revise transmission incentive policies and extend XBRL to Form 730. In the proposal FERC notes that further adopting XBRL would allow the reporting of comprehensive, consistent, interoperable data, and would […]
XBRL US has submitted a comment letter expressing support for the SEC proposal Disclosure of Payments by Resource Extraction Issuers, File Number S7-29-14. The proposal would require machine-readable XBRL for the disclosure of payments by resource extraction firms. It is designed to provide more information to global commodity markets, and to hold governments accountable for the […]
The US Securities and Exchange Commission have announced that on March 9 the EDGAR system will be updated to handle the following taxonomies: US GAAP 2020 Taxonomy; SEC Reporting 2020 Taxonomy; COUNTRY 2020 Taxonomy; CURRENCY 2020 Taxonomy; EXCH 2020 Taxonomy; and SIC 2020 Taxonomy. Additionally, the SEC will remove the 2012 and 2013 INVEST Taxonomies […]
Municipal governments and US states are sitting on large amounts of potentially useful data – but with disparate software systems leading to proliferating databases and a lack of machine-readable data, it’s currently difficult to analyse. The Reason Foundation is advocating for local governments to make the most of their extensive data sources by implementing Open, […]
The US federal government has begun the new decade with a focus on data; issuing a set of 20 actions agencies will be required to take in 2020 on how they collect, manage, share and use data. This plan is the first building block in a decade long Data Strategy that aims to transform how […]
On Monday the US Congress passed the GREAT or “Grant Reporting Efficiency and Agreements Transparency” Act, previously agreed by the Senate.
Five US Federal financial regulatory agencies have issued a joint statement outlining their thoughts on the use of alternative data in underwriting and credit analysis by banks, credit unions and financial firms. The statement, issued by the Federal Reserve Board (Federal Reserve), the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the […]
Toppan Merrill’s November and December issue of Dimensions includes an explanation from the SEC’s Division of Economic Risk and Analysis (DERA) chief economist S.P. Kothari of the SEC’s current and expanding use of big data. As we highlighted back in August, XBRL helps turn big data into useful information. Making data machine-readable, or, in Kothari’s words, “dramatically […]