Updated UK taxonomies from FRC and BoE
August saw the UK’s Financial Reporting Council (FRC) publish a draft version of its 2024 Taxonomy Suite, incorporating a number of updates.
August saw the UK’s Financial Reporting Council (FRC) publish a draft version of its 2024 Taxonomy Suite, incorporating a number of updates.
This week, the International Sustainability Standards Board (ISSB) marked a significant milestone in advancing sustainability reporting by publishing the Proposed IFRS Sustainability Disclosure Taxonomy.
The XBRL International Standards Board (XSB) has approved for release as a public working draft, a working group note of the proposed architecture and workflow arrangements for the release of global XBRL taxonomies for ISO country and currency code lists as well as draft taxonomies for inspection, testing and comment.
The Financial Accounting Standards Board (FASB) has laid out a set of proposed improvements to the US GAAP Taxonomy to take account of changes arising from amendments to the accounting treatment for purchased financial assets exhibiting credit losses.
XBRL US recently submitted feedback on the US Securities and Exchange Commission’s (SEC) proposed draft Open-End Fund Taxonomy (OEF), published in May.
Guest blog by Jacques Urlus, Chairman of the XBRL Netherlands Foundation. EFRAG has announced that the first final version of its taxonomy for ESG information will be released at the end of September. That leaves 14 months for the first listed companies to release their formatted annual reports containing the tagged ESG information.
The Bank of England’s Prudential Regulation Authority (PRA) recently published a Public Working Draft (PWD) of their latest Banking Taxonomy – version 3.7.0.
The Taxonomy Design Working Group, part of XBRL International’s Best Practices Board, recently published new guidance designed to help taxonomy authors and architects.
Last year the US Securities and Exchange Commission (SEC) adopted welcome amendments that requires open-end funds (OEF) to prepare concise, visually engaging, iXBRL tagged annual and semi-annual reports for investors and shareholders. This week, the SEC took an important step towards the implementation of that rule with the publication of a draft taxonomy.
The European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) are working together with Eurofiling to create a revised version of their taxonomy architecture to get ready for the upcoming Data Point Model Refit.