The final phase-in to use inline XBRL for Risk Return filings begins September 17, 2021. After September 17, all fund groups will need to comply with the Inline XBRL requirements for any initial registration statement (or post-effective amendment that is an annual update to an effective registration statement) that becomes effective on or after that date. To help this transition, Novaworks is presenting a free webinar to help filers learn how to prepare Inline XBRL for the Risk Return taxonomy using our patented XDX technology.

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Version 5.9b of all applications in the GoFiler Suite has been released. This release contains changes and improvements to XDX View and Inline XBRL validation. Changes to XDX include new features to support separate cover page document for filings and to allow users to paste data directly over tables within XDX while preserving as much of the XDX tagging as possible.

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XBRL US will host a remote seminar to prepare filers for phase two of the roll-out of Inline XBRL for mutual funds that begins September 17, 2021. The one-hour event will held on Wednesday, August 18, 2021 at 3:00 p.m. ET. The session is free and open to the public, though registration is required. {expires: 2021-08-19} Continue reading "XBRL US to Present Webinar on Inline XBRL for..." »

The SEC has announced the adoption of a substituted compliance determination order regarding security-based swap dealers and major security-based swap participants (SBS Entities) subject to regulation in the French Republic (the French Order). This is the first determination that focuses on substituted compliance associated with the SEC’s margin and capital mandates. Additionally, the SEC and the French Autorité des Marchés Financiers and the Autorité de Contrôle Prudentiel et de Résolution have entered into a memorandum of understanding to discuss cooperative efforts related to enforcement and supervision and other issues associated with substituted compliance. Continue reading "SEC Releases Substituted Compliance..." »

On July 30, 2021, the SEC issued the Chair’s agenda of rulemaking actions under the Regulatory Flexibility Act for Spring 2021 to the Federal Register. The SEC’s staff completed data collection on May 11, 2021, and information in the agenda was confirmed to be accurate on that day. The agency invites questions and comments related to the agenda and individual agenda entries during a 30-day public review and comment period ending on August 30, 2021. Continue reading "SEC Publishes Regulatory Flexibility Agenda,..." »

On July 27, 2021, the SEC began limiting automated searches to no more than 10 requests per second no matter the number of machines used to submit requests. This measure ensures that automated searches will not affect other users’ capability to access EDGAR websites, including EDGAR Company Database and EDGAR Portal. As stated in the agency’s Internet Security Policy, automated tools or “unclassified” bots are not permitted to crawl agency websites. Requests that are deemed part of an automated tool or unclassified bot and exceed 10 requests per second will be managed to guarantee equal access for all users. Continue reading "SEC Applies New Rate Control Limits to EDGAR..." »

As of Tuesday, July 27, the SEC has discontinued support for Windows 7 and Internet Explorer. Windows 7 has not been supported by Microsoft since January 14, 2020, and Internet Explorer will reach end-of-life in June of 2022. The SEC has now updated its security protocols on www.edgarfiling.sec.gov and associated websites to no longer accept legacy security credentials from computers accessing the website via Windows 7 using Internet Explorer. This change also affects Windows Server 2012. Continue reading "SEC Websites Discontinue Support for Windows 7..." »

XBRL US will host a webinar to share updates made to the XBRL Filed Data Add-in for Excel and to discuss recent revisions to XBRL API documentation, Tools for SEC Filers, and resources on XBRL US’ Data Community page. The SEC now supports data quality checks in EDGAR as developed by the XBRL US Data Quality Committee (DQC), and attendees will be shown how the DQC checks scan XBRL filings to find and fix issues before filing. The remote seminar will take place on Wednesday, August 11, 2021 from 3:00 p.m. – 4:00 p.m. ET. There is no charge to attend this public event, though registration is required. {expires: 2021-08-12} Continue reading "XBRL US to Host a Virtual Seminar to Discuss..." »

The XBRL US Data Quality Committee (DQC) recently released its 16th ruleset for a 45-day review and comment period. Additionally, the DQC will hold a 60-minute virtual seminar to provide issuers, filing agents, and particularly US GAAP filers an overview of the new draft rules. Participants will learn about the previously approved 15th ruleset, which has been available for use since June 2021, and has an effective date of September 1, 2021. The committee also will discuss how the rules affect the quality of data reported to the SEC. The event takes place on Wednesday, August 4, 2021, at 3:00 p.m. EDT. The session is free and open to the public, though registration is required. {expires: 2021-08-05} Continue reading "XBRL US DQC to Host Webinar to Discuss the 16th..." »

On July 15, 2021, XBRL US Data Quality Committee (DQC) released its 16th ruleset for a 45-day public review and comment period. The latest rule set is comprised of eight rules specific to US GAAP filers. {expires: 2021-08-01} Continue reading "XBRL US DQC Releases Ruleset 16" »

The FERC, in consultation with the North American Electric Reliability Corporation (NERC) and its regional entities, recently published a collaborative report detailing recommendations for real-time evaluations of grid operating conditions. Bulk electric system conditions are evaluated using real-time data to ensure continued reliable operation of the system, and this report analyzes the employed measurement methods, tools, and procedures. Continue reading "FERC, NERC Release Joint Report on Real-time..." »

The FERC recently released the Report on the Office of Public Participation (OPP), which details the agency’s efforts to launch this office. The office has been established to provide the public with guidance and education concerning authorities exercised by the agency. OPP also aims to foster participation in FERC matters by offering assistance to those desiring to intervene in agency proceedings Continue reading "FERC Introduces Office of Public Participation" »

The Chair of the SEC, Gary Gensler, and the UN Principles for Responsible Investment will join to discuss climate change and its effect on global financial markets. The issue is part of the SEC’s Regulatory Agenda released June 2021. The 45-minute event will take place on Wednesday, July 28, 2021 at 10:30 a.m. ET. The event is free and open to the public, but registration is required. {expires: 2021-07-29} Continue reading "SEC and UN to Host Webinar on the Impact of..." »

The Financial Accounting Standards Board (FASB) recently released a proposed XBRL Taxonomy Implementation Guide for Financing Receivable and Current Expected Loss (CECL) disclosures. This guide is based on and in accordance with the SEC Reporting Taxonomy and the US Generally Accepted Accounting Principles Financial Reporting (US GAAP) Taxonomy. The proposed Implementation Guide provides illustrations of disclosures concerning financing receivables pursuant to FASB Accounting Standards Codification, Topics 310, Receivables, and 326, Financing Instruments–Credit Losses. Elements for text blocks, policy text blocks, and table text blocks (Levels 1-3) are not included in the Guide. The publication places focus on detail tagging only (Level 4). {expires: 2021-07-27} Continue reading "FASB Publishes Taxonomy Implementation Guide..." »

On July 2, 2021, the SEC announced that an API (Application Programming Interface) is now available for beta testing on data.sec.gov. In addition to XBRL data from financial statements (Forms 10-Q, 10-K, 8-K, 20-F, 40-F, 6-K, and their variants) in a JSON format, the API features entity information and submission history. Continue reading "SEC Announces EDGAR Structured Disclosure API..." »