A recent XBRL US comment letter expresses support for the Commodity Futures Trading Commission (CFTC) proposal to introduce reporting standards and expand the use of the Legal Entity Identifier (LEI) – but urges the CFTC to require the use of a single data standard. The CFTC has proposed changes to the Swap Data Recordkeeping and Reporting […]
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 […]
Want to know more about the US Federal response to the coronavirus crisis? The Federal Reserve Supervision and Regulation Report outlines the Reserve’s regulatory and supervisory response. It uses federal banking data to provide an overview of banking trends and market indicators of industry conditions. The report also gives an overview of current regulatory policy, […]
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 […]
Every year each publicly traded company in the US must submit an iXBRL tagged Annual Report (known as a “Form 10-K”) to the Securities and Exchange Commission, giving a comprehensive account of financial performance, condition and risk. What if the US government did the same? There is no requirement for federal, state and local governments […]
The US Department of Commerce is consulting on a proposed rule update to International Services Surveys (BE-180), including a plan to require survey respondents that have a Legal Entity Identifier (LEI) to provide it. XBRL US has submitted a comment letter in support of this proposal, arguing that the LEI ‘presents a critical opportunity to […]
“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 […]
Following the recent (online) Federal Energy Regulatory Commission (FERC) conference, FERC is calling for post-conference comments on the draft taxonomy discussed. In June 2019 the US FERC announced that they were adopting the XBRL standard for utilities reporting, in order to make it easier to submit and analyse data, automate filings, and, over time, reduce costs. In […]
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.