The US Securities and Exchange Commission (SEC) has announced the upgrade of the EDGAR system to Release 20.1.1. The latest update now supports the 2020 US GAAP, 2020 SEC Reporting (SRT), 2020 Countries (Country), 2020 Currencies (Currency), 2020 Exchanges (EXCH), and 2020 Standard Industrial Classification (SIC) taxonomies. The system no longer supports the 2013 and […]
This week the SEC adopted rule 498A under the Securities Act, aiming to help investors make informed decisions on variable annuity and life insurance contracts. Amongst other measures, the adopted rule requires the use of Inline XBRL for certain disclosures in the variable contract statutory prospectus. The SEC has published a draft Variable Insurance Product […]
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 […]
On 30 January the US Securities and Exchange Commission (SEC) announced amendments to Regulation S-K, continuing the modernisation and simplification efforts called for by the FAST Act. The latest proposals are focused on Management’s Discussion and Analysis (MD&A), and aim to eliminate overlapping and duplicated requirements, revise requirements in light of technology (namely the availability […]
The US Securities and Exchange Commission (SEC) has announced a conference to be held on March 10 focusing on municipal securities disclosure practices. The conference, Spotlight on Transparency: A Discussion of Secondary Market Municipal Securities Disclosure Practices, aims to bring together both issuers and users of municipal disclosures to discuss emerging trends, problems, achievements and voluntary […]
With the US filing season in full swing, Toppan Merrill have brought together XBRL experts including Mike Willis, Assistant Director of the SEC’s Office of Structured Disclosures, Emily Huang, CEO of idaciti and Mike Schlanger, Vice President of Solution Sales at Toppan Merrill, for a webinar outlining the best practices for achieving high-quality XBRL disclosures. […]
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 […]
Recordings of the XBRL US Investor Forum on Driving Actionable Analytics are now available online. The forum, held earlier this month in New York, provided practical information on how data standards are disrupting the information ecosystem, how modern data can be leveraged, and what comes next. Beginning with a keynote speech from FASB Chairman Russell […]
This week the Data Quality Committee (DQC) published its 11th Ruleset for a 45-day public exposure period, set to end January 3, 2020.
How should Environmental Social and Governance (ESG) data be reported in order to best cater to the needs of investors? Earlier this week Securities and Exchange Commission (SEC) Chairman Jay Clayton explored this topic in remarks to the Investor Advisory Committee. The Investor Advisory Committee advises the SEC on various regulatory priorities, including the effectiveness […]
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