On July 13th, the SEC announced that it is proposing updates to Exchange Act Rule 14a-8, the shareholder proposal rule under which companies that are subject to the federal proxy rules must include shareholder proposals in their proxy statements, subject to certain procedural and substantive requirements. Continue reading "SEC Announces Proposed Amendments to..." »

XBRL US will host a webinar to discuss the latest features of the XBRL Filed Data add-in, the XBRL API, and other resources that users may employ to explore the expansion of standardized financial data reported in XBRL structured data language. The online seminar will take place on Wednesday, July 27, 2022, beginning at 3:00 p.m. ET. The one-hour event is open for the public to attend at no cost, but registration is required. {expires: 2022-07-28} Continue reading "XBRL US to Host Webinar: Tools and Techniques..." »

The Joint Federal-State Task Force on Electric Transmission has announced that its upcoming meeting will be held on Wednesday, July 20 from 4:00 p.m. to 8:30 p.m. ET. The Task Force meetings are free for the public to attend via webcast, and registration is not required. Interested parties may submit comments related to the proceedings by following the instructions on the FERC website. {expires: 2022-07-21} Continue reading "FERC Announces Upcoming Meeting of the Joint..." »

The SEC’s Division of Corporation Finance will hold a meeting via webcast on sec.gov to discuss and consider whether to adopt amendments to the proxy rules governing proxy voting advice. The Division will also consider whether to propose amendments to revise certain substantive bases for exclusion of shareholder proposals under the SEC’s shareholder proposal rule (Rule 14a-8). {expires: 2022-07-14} Continue reading "SEC Staff to Hold Open Meeting to Discuss Proxy..." »

The Financial Accounting Standards Board (FASB) has released the Proposed 2022 Q3 Supplemental GAAP Taxonomy for public review and comment. The publication introduces enhancements to the GAAP Financial Reporting Taxonomy and the SEC Reporting Taxonomy, collectively known as the GAAP Taxonomy. Continue reading "FASB Announces Release of Proposed 2022 Q3..." »

On June 29th, the Financial Accounting Standards Board (FASB) issued its 2021 FASB Agenda Consultation Report. The document summarizes comments submitted by investors during the 2021 agenda consultation project and demonstrates how those responses have shaped the FASB’s technical and research agendas and standard-setting process as of June 29, 2022. Continue reading "FASB Releases 2021 Agenda Consultation Report" »

On June 30th, the Financial Accounting Standards Board (FASB) published an Accounting Standards Update (ASU) that improves financial reporting for investors and other financial statement users. The ASU is designed to enhance comparability of financial information for all reporting entities with investments in equity securities measured at fair value and are subject to contractual restrictions preventing the sale of those securities. Continue reading "FASB Releases ASU to Improve Fair Value..." »

XBRL US’ Data Quality Committee (DQC) will host an online seminar to discuss best practices for preparing reports featuring debt securities. This seminar will include detailed illustrations and examples that may reflect typical financial reporting instances. The one-hour webinar will take place on Wednesday, July 20, 2022 and will begin at 3:00 p.m. ET. Continue reading "XBRL US to Hold Webinar Highlighting DQC..." »

On June 23rd, the SEC announced that it has approved rules and amendments to Form 13F to increase efficiency and make data more accessible to the public. The amendments will require the filing of certain applications, confidential treatment requests, and forms to be converted from paper to electronic submission. Subject to the rule and form amendments are registered investment advisers, institutional investment managers, and others that file or submit reports to the SEC via the EDGAR system or the Investment Adviser Registration Depository (IARD) system. Continue reading "SEC Approves Amendments to Electronic Filing..." »

On June 22nd, the SEC’s Office of Information and Regulatory Affairs released the Spring 2022 Unified Agenda of Regulatory and Deregulatory Actions (Agenda). The publication lists short- and long-term regulatory actions that administrative agencies plan to take and includes contributions pertaining to the SEC. The Agenda reflects the SEC’s endeavor to both promote efficiency in capital markets and update rules for today’s economy and technologies. The rulemakings disclosed in the Agenda further the agency’s charge to protect investors, maintain fair and orderly markets, and facilitate capital formation. Continue reading "SEC Issues Spring 2022 Regulatory Agenda" »

On June 21th, the SEC updated the EDGAR system to Release 22.2. The system now supports the 2022 version of the International Financial Reporting Standards (IFRS) taxonomy and the 2022Q2 version of the Variable Insurance Product (VIP) taxonomy. The 2022 version of the IFRS taxonomy reflects the same taxonomy that the International Accounting Standards Board published on its website on March 24, 2022. The final 2022Q2 taxonomies’ Release Notes go into further detail on the changes between the 2022Q2 version and the 2022 version of the VIP taxonomy. Continue reading "SEC Releases June 2022 XBRL Taxonomies Update" »

XBRL US’ Data Quality Committee (DQC) will host an online meeting for industry leaders to further engage in discussions and plans to establish rules and guidance for public corporations complying with the SEC’s XBRL requirements. The one-hour webinar will take place on Wednesday, June 29, 2022 and will begin at 12:00 p.m. ET. {expires: 2022-06-30} Continue reading "XBRL US to Hold Data Quality Committee Web..." »

On June 15th, the SEC announced that it has issued a request for comment concerning the actions of some “information providers”. The SEC is requesting information and feedback from the public and anticipates that the details gathered will help determine whether these information providers are acting as “investment advisers” under the Advisers Act. The SEC is specifically focusing the request on index providers, model portfolio providers, and pricing services. Continue reading "SEC Issues Request for Information and Comment..." »

In observance of the Juneteenth National Independence Day, and in treating that day as a federal holiday for filing purposes, the SEC will be closed on Monday, June 20, 2022. The EDGAR system will not receive, process or accept filings. EDGAR will resume normal operations on Tuesday, June 21, 2022. {expires: 2022-06-21} Continue reading "SEC Announces Adjusted Filing Dates in..." »

On June 8th, the SEC announced that is reopening the comment period for the July 2015 proposed amendments and new rules to implement Section 954 of Dodd-Frank concerning listing standards for recovering erroneously awarded compensation. In response to the original proposal, the SEC received numerous comments, and considering the regulatory and market developments since 2015, the SEC is providing an opportunity for the public to offer additional feedback on the 2015 proposal. The reopening also allows for questions newly raised to be addressed. Continue reading "SEC Reopens Comment Period for Recovery of..." »