On December 19, the SEC announced that it adopted amendments that require registrants to disclose information concerning: 1) insider trading policies and procedures of issuers; 2) adoption and termination (including modification) of plans that are intended to meet the rule’s conditions for establishing an affirmative defense, 3) certain similar trading arrangements by directors and officers, and 4) director and executive equity compensation awards made close in time to the issuer’s disclosure of material nonpublic information. For further information, see the
Insider Trading Arrangements and Related Disclosures final rule on the SEC’s website. Note that, per the SEC’s adopted amendments, registrants now must tag certain disclosures in Inline eXtensible Business Reporting Language (iXBRL).
The draft 2023 version of the Executive Compensation Disclosure (ECD) taxonomy was revised to include the tagging elements for ECD disclosures, the files for which are available on the DRAFT Taxonomy Files webpage on sec.gov. Contrary to the draft 2023 version of the ECD taxonomy published on November 4, 2022, the current draft 2023 version references the 2023 version of the US GAAP taxonomy.
Interested parties may email comments to structureddata@sec.gov through February 17, 2023. Feedback should include “Draft 2023 ECD Taxonomy” in the subject header. A related draft taxonomy guide with modifications for the adopted amendments will be released in the subsequent weeks.
As always, when new taxonomies are approved by the SEC, they will be implemented into the GoFiler Family of products. Please check the software’s release notes for more information.
Source:
Draft 2023 Executive Compensation Disclosure (ECD) Taxonomy (sec.gov)
