South Korean authorities are set to tackle the country’s valuation gap with a comprehensive set of reforms that aim to enhance the visibility and attractiveness of Korea’s public markets.
Share buybacks are a significant chunk of US market demand for stocks, amounting to more than $1.25 trillion in 2022. Issuers use buybacks to return capital to shareholders, in some ways turning public markets upside down: traditionally companies come to stock exchanges to raise capital, not return it.
A few weeks ago we reported that the Financial Supervisory Service (FSS) in Korea was looking to increase the scope of XBRL in financial disclosure to align with global standards and improve market transparency. On 30 March, these plans were finalised.
Nepal Rastra Bank (NRB) has recently announced the implementation of an electronic filing system for its Supervisory Information System (SIS). With this new system, banks and financial institutions can now submit and store their financial data in XBRL format.
South Korea’s financial regulator, the Financial Supervisory Service (FSS), has announced that it is considering phasing in mandatory XBRL disclosure and expanding the scope of XBRL to also tagging financial statement annotations and notes.
Israel takes another step towards full XBRL-based digital reporting this week, as the Israel Securities Authority (ISA) dropped requirements to publish financial reports in PDF format.
As part of the Securities and Exchange Board of India’s (SEBI) ongoing efforts to introduce structured data in stock exchanges and for business information, last week the regulator published a summary document for filing Initial Public Offer (IPO) information in XBRL.
This week the US Securities and Exchange Commission (SEC) finalised the new rule, Shortening the Securities Transaction Settlement Cycle, which will require Inline XBRL tagging for annual reports filed by central matching service providers (CMSP).
Toppan Merrill’s Bartek Czajka has brought together some great insights on the keys to success in European Single Electronic Format (ESEF) filings, drawing on his experience of the first year of full ESEF implementation across Europe.
In case you missed it, Accountancy Europe’s third ‘ESEF in Practice’ webinar, held with event partners Toppan Merrill and Workiva, is now available to view in full online, along with a brief event recap.
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