XBRL US pushes for a unified approach to data standards in FDTA rule proposal
XBRL US has submitted a comment letter on the Financial Data Transparency Act (FDTA) rule proposal.
Items tagged with "FDTA"
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FDTA fine-tuning? XBRL US calls for a data quality upgrade
In a recent response to the proposed Financial Data Transparency Act (FDTA) rule, XBRL US has called for enhancements to improve standardisation and reduce regulatory costs.
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Draft rule for the FDTA proposed
After several years of discussion and planning, the Financial Data Transparency Act (FDTA) is poised to become a reality with the release of a draft rule proposal.
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Untangling municipal securities with the LEI
Earlier this month Campbell Pryde, President and CEO of XBRL US, addressed the complexities of identifying obligors in the municipal bond market. He highlighted how leveraging the Legal Entity Identifier (LEI) within the Municipal Securities Rulemaking Board’s (MSRB) Electronic Municipal Markets Access (EMMA) system can streamline data searches.
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SEC’s spring 2024 regulatory agenda outlines upcoming FDTA implementation
The Securities and Exchange Commission (SEC) has published its Spring 2024 Regulatory Agenda, highlighting significant upcoming regulatory actions.
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SEC highlights XBRL’s role in enhancing enforcement activities
The US’s Financial Data Transparency Act of 2022 (FDTA), which came into force in December 2022, mandates the Securities and Exchange Commission (SEC) to report on the use of machine-readable data for corporate disclosures.
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XBRL US advocates for iXBRL in SEC data collection
In a recent comment letter to the US Securities and Exchange Commission (SEC), XBRL US advocated for the adoption of the Inline XBRL format for Rule 17g-3, on annual financial and other reports by nationally recognised statistical rating organisations (NRSROs).
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SEC seeks comments on collection of annual financial reports from credit rating agencies
The Securities and Exchange Commission (SEC) has opened a window for public comment on the collection of annual financial reports from Nationally Recognized Statistical Rating Organizations (NRSROs), commonly known as credit rating agencies.
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Unveiling municipal finance’s next chapter
Mark Funkhouser, former Mayor of Kansas City, Missouri, and a prominent figure in municipal finance, recently released a white paper titled “FDTA Playbook: Owning your fiscal future.” Sponsored by XBRL US member, DebtBook, this publication comes at an important juncture for government entities grappling with the implications of the Financial Data Transparency Act (FDTA).
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SEC report sheds more light on benefits of machine-readable disclosures
In compliance with 2022’s Financial Data Transparency Act (FDTA), the US Securities and Exchange Commission (SEC) has released its second semi-annual report providing insights into the use and value of machine-readable data. The report covers a spectrum of benefits, including an updated list of which corporate disclosures are machine-readable.
