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Items tagged with "SEC"

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SEC puts climate disclosure rule on hold amid legal challenges

As anticipated, the Securities and Exchange Commission (SEC) took steps to pause its climate disclosure rule, originally adopted in March 2024.

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New EDGAR release brings key updates for filers

The US Securities and Exchange Commission (SEC) has announced amendments to the EDGAR Filer Manual, set to take effect on 30 January following the deployment of EDGAR Release 24.4 on 16 December last year.

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SEC repeals crypto custody rule with SAB 122

The US Securities and Exchange Commission (SEC) has rescinded its controversial Staff Accounting Bulletin (SAB) 121, by way of SAB 122. Last week’s bulletin eliminates the previous requirement for banks and financial institutions to record customer crypto holdings as liabilities on their balance sheets.

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SEC finalises rule for key filings

The US Securities and Exchange Commission (SEC) has published its final rule mandating the use of structured data formats, including Inline XBRL and XML, for certain regulatory filings under the Securities Exchange Act of 1934.

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SEC upgrades EDGAR to support updated VIP taxonomy

The US Securities and Exchange Commission (SEC) has upgraded its EDGAR system to Release 24.4, now supporting the updated 2024q4 Variable Insurance Product (VIP) Taxonomy.

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FASB seeks input on new guide for Boolean, Fixed List, and Extensible Enumeration elements

The Financial Accounting Standards Board (FASB) has published a proposed Taxonomy Implementation Guide focused on Boolean, Fixed List, and Extensible Enumeration elements in the 2024 GAAP Financial Reporting Taxonomy. This new guide is designed to help clarify when and how to use these specific element types, providing clear examples and use cases for each.

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together 2024-10-25

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.

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EDGAR cybersecurity 2024-10-25

SEC integrates XBRL cybersecurity taxonomy in latest EDGAR update

Building on the EDGAR Next update from earlier this month, the US Securities and Exchange Commission (SEC) has announced new improvements to its EDGAR system. As of 22 October 2024, the SEC has adopted amendments to the EDGAR Filer Manual, introducing the use of XBRL for reporting cybersecurity disclosures.

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SEC opens beta testing for major EDGAR improvements

Last week the US Securities and Exchange Commission (SEC) released a series of amendments designed to improve EDGAR, its Electronic Data Gathering, Analysis, and Retrieval system. The changes, collectively called EDGAR Next, aim to improve the experience for filers accessing the platform.

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SEC reminds filers to avoid custom tags for credit losses

During a recent review, the US Securities and Exchange Commission (SEC) staff in the Division of Economic and Risk Analysis found some issues with how companies are tagging provisions for credit losses on their income statements.

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