The FERC staff will hold its monthly open meeting via webcast on ferc.gov on Thursday, October 17, 2024, at 10:00 a.m. ET. The one-hour meeting is open for the public to attend. {expires: 2024-10-18} Continue reading "FERC to Hold Open Commission Meeting" »

XBRL US will present a webinar to familiarize issuers with the SEC’s rulemaking for public company cybersecurity disclosures, Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure, which was initially proposed in March 2022. The 60-minute virtual will take place on Wednesday, November 6, 2024, at 3:00 p.m. EDT. The event is free for the public to attend but registration is required. {expires: 2024-11-07} Continue reading "XBRL US to Host Webinar to Discuss SEC..." »

The Financial Accounting Standards Board (FASB) has published a proposed accounting standards update (ASU), Revenue from Contracts with Customers (Topic 606). The ASU would improve the accounting guidance for share-based consideration payable to a customer in conjunction with selling goods or services. The ASU has been published for public review and comment. Continue reading "FASB Releases Proposed Clarifications to..." »

The Financial Accounting Standards Board (FASB) has released the proposed Accounting Standards Update (ASU), Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities, which was initially issued in 2017 in ASU No. 2017-12. Continue reading "FASB Issues Proposed Improvements to Hedge..." »

On September 27th, the SEC adopted rule and form amendments to streamline connections to and enhance the security of the EDGAR system while improving a filer’s access and ability to manage their EDGAR accounts. These revisions are related to certain technical updates to the EDGAR system, which are commonly referred to as EDGAR Next. Continue reading "SEC Adopts Rules to Improve EDGAR System, Opens..." »

On September 24th, the SEC’s Division of Economic and Risk Analysis (DERA) announced that it had concluded an assessment of how filers are tagging provision (benefit) for credit losses on income statements. Staff performed the assessment on Forms 10-K and 10-Q that have one or more custom tags for tagging the provision (benefit) for credit losses section of the income statement. Continue reading "SEC Provides Guidance for Proper Use of Custom..." »

On September 24th, the Financial Accounting Standards Board (FASB) published for public comment proposed technical and other conforming improvements for the 2025 SEC Reporting Taxonomy and the related release notes. Continue reading "FASB Issues 2025 SEC Reporting Taxonomy for..." »

On September 20th, the Municipal Securities Rulemaking Board (MSRB) received SEC approval for amendments to MSRB Rule G-14 on reports of sales or purchases. The new rule shortens the amount of time by which brokers, dealers, and municipal securities dealers are required to report most transactions to the MSRB. Initially proposed in January 2024, this rule is intended to increase public interest in the municipal securities market by enhancing the market’s transparency. The amendments reflect substantial revisions made to the trade reporting standard and allow investors and other market participants to have access to more real-time prices. Continue reading "SEC Approves MSRB Rule Change to Shorten..." »

The SEC recently approved amendments to certain rules under Regulation National Market System (Regulation NMS) that would update variable minimum pricing increments for the quoting and trading of NMS stocks, reduce the access fee caps, and increase the transparency of better-priced orders placed in the NMS. The SEC proposed these amendments in December 2022. Continue reading "SEC Amends Rules of Regulation National Market..." »

On September 18th, the SEC published the draft of the 2025 updates to its reporting taxonomies, including updates within the annual review and update process for all SEC taxonomies accepted in the EDGAR system. The Draft 2025 Release Notes provide more information related to specific changes in the 2025 update. Continue reading "SEC Publishes 2025 Draft Taxonomies for Review..." »

The SEC recently adopted rules to amend Form N-4, the form currently used by most variable annuity separate accounts. As part of these changes, the registration, filing, and data transparency requirements that were adopted for registered index-linked annuities (RILAs) offerings have been broadened to the offerings of registered market value adjustment annuities (registered MVA annuities). Now the new elements needed to tag this information have been included in the VIP taxonomy because RILAs and registered MVA annuities are insurance products whose offerings are registered on Form N-4. Continue reading "SEC Publishes Draft of Updated 2024 Variable..." »

On September 16, 2024, the SEC’s EDGAR system was upgraded to Release 24.3 and now supports the Cybersecurity Disclosure (CYD) taxonomy, which provides the elements for tagging required disclosures using Inline XBRL (a structured, machine-readable data language) in accordance with the related final rule. Continue reading "SEC Issues 2024 Cybersecurity Disclosure (CYD)..." »

On September 16th, the SEC released EDGAR Release 24.3, adopting amendments to Volume II of the EDGAR Filer Manual and related rules and forms. Continue reading "SEC Releases EDGAR 24.3" »

FERC will hold its monthly open meeting via webcast on ferc.gov on Thursday, September 19, 2024, at 10:00 a.m. ET. The one-hour meeting is open for the public to attend. Continue reading "FERC to Hold Open Commission Meeting" »