This EDGAR release introduced the Self-Regulatory Organization (SRO) taxonomy, which includes the elements necessary to tag central matching service providers’ annual straight-through processing reports required by the SEC as part of the final rules on Shortening the Securities Transaction Settlement Cycle. No new versions of the Filing Fee Disclosure (FFD) taxonomy (released as part of the Release 24.0.1 update on January 26, 2024) were added as part of Release 24.1. The 2024 version of the Fund (FND) taxonomy remains the same as the 2023 version of the FND taxonomy released as part of the Release 23.4 update on December 19, 2023.

Included in the 2024 US GAAP Financial Reporting taxonomy are the elements needed for tagging financial statements and accompanying notes to the financial statements required in the annual reports of employee stock purchase, savings and similar plans on Form 11-K, as required to be tagged as part of the final rules on Updating EDGAR Filing Requirements and Form 144 Filings. The US GAAP Financial Reporting taxonomy and the 2024 SEC Reporting Taxonomy reflect the same taxonomy versions that the Financial Accounting Standards Board posted on its website on December 14, 2023.

Listed below are the final versions of the draft taxonomies that were posted by the SEC for public comment in November 10, 2023.

• Closed-End Fund (CEF)
• Countries (COUNTRY)
• Currencies (CURRENCY)
• Document and Entity Information (DEI)
• Executive Compensation Disclosure (ECD)
• Exchanges (EXCH)
• North American Industry Classification System (NAICS)
• Open-End Fund (OEF)
• Resource Extraction Payment (RXP)
• Standard Industrial Classification (SIC)
• Sub-National Jurisdiction (SNJ)
• State and Province (STPR)
• Variable Insurance Product (VIP)

EDGAR will accept both the 2024 and 2023 taxonomy versions. However, prior versions of taxonomies (other than the IFRS taxonomy) are not compatible with the 2024 taxonomies.

Finally, the SEC recommends that:

• filers consider transitioning to the 2024 taxonomies for the earliest reporting period that ends after March 18, 2024, but not for reporting periods that end before March 18, 2024
• companies use the latest version of taxonomy releases for their XBRL filings to use the most current tags associated with new accounting standards and other enhancements

The latest version of the GoFiler family of products (5.22a) supports required taxonomy changes. We recommend you keep your software up to date to receive the latest changes from the SEC.

Source:

2024 XBRL Taxonomies Update (sec.gov)

Standard Taxonomies