Novaworks Weblog - MSRB

XBRL US Publishes Guidance Focused on Modernizing XBRL

nospam@example.com (LeAnn Dey) — Wed, 28 Jan 2026 14:30:00 -0500

On January 22nd, XBRL US published the blog, Modernizing XBRL, written by Scott Theis, President/CEO, Novaworks LLC, Chair, XBRL US Domain Steering Committee (DSC), Leader, XBRL Technical Advisory Committee for XBRL US (XTAC), and Member, XBRL Standards Board and Open Information Model (OIM) Working Group. Continue reading "XBRL US Publishes Guidance Focused on Modernizing XBRL"

SEC, MSRB, FINRA to Host Virtual Compliance Outreach

nospam@example.com (LeAnn Dey) — Thu, 15 Jan 2026 16:45:00 -0500

The SEC, Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) jointly will host a compliance outreach program for municipal market advisors and dealers. The workshop is free and open for the public to attend, but registration is required. The two-day remote event will take place on Wednesday, January 21 and Thursday, January 22, from 12 p.m. to 5 p.m. each day. Following the event, a recording of the program also will be archived on the SEC's webpage. Continue reading "SEC, MSRB, FINRA to Host Virtual Compliance Outreach"

Registration Still Open for XBRL US’ Virtual GovFin 2025 Conference

nospam@example.com (LeAnn Dey) — Mon, 28 Jul 2025 15:00:00 -0400

Be a part of GovFin 2025 this Wednesday, July 30, 2025 and Thursday, July 31, 2025! XBRL US, in conjunction with the University of Denver, will host a web conference via livestream to discuss how the Financial Data Transparency Act (FDTA) can facilitate the efficient rollout of digital reporting for municipal bond issuance and other disclosures with data submissions in a structured, machine-readable format. The event’s presentations will address how this will impact governments, municipal analysts and portfolio managers, data and analytics tool providers, and regulators. Continue reading "Registration Still Open for XBRL US’ Virtual GovFin 2025 Conference"

SEC Staff Issues Semi-Annual Report to Congress on Use of Machine-Readable Data

nospam@example.com (LeAnn Dey) — Wed, 25 Jun 2025 11:45:00 -0400

On June 17th, the SEC published its semi-annual report to Congress regarding public and internal use of machine-readable data for corporate disclosures, in compliance with the Financial Data Transparency Act of 2022 (FDTA) signed into law on December 23, 2022. The FDTA requires the SEC to submit this report to both the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives every 180 days through December 23, 2029, when the provision requiring the report concludes. Continue reading "SEC Staff Issues Semi-Annual Report to Congress on Use of Machine-Readable Data"

MSRB Releases Data Regarding Market Regulation and Transparency Initiatives at Quarterly Meeting

nospam@example.com (LeAnn Dey) — Mon, 28 Apr 2025 15:00:00 -0400

On April 23rd and 24th, the Board of Directors of the Municipal Securities Rulemaking Board (MSRB) held its third quarterly meeting for fiscal year 2025, at which the MSRB discussed engagement with the industry, market transparency initiatives, and regulatory modernization of its suite of rules through a retrospective rule review. Continue reading "MSRB Releases Data Regarding Market Regulation and Transparency Initiatives at Quarterly Meeting"

XBRL US Opens Registration for GovFin

nospam@example.com (LeAnn Dey) — Tue, 15 Apr 2025 16:45:00 -0400

Join us at GovFin 2025! XBRL US, in conjunction with the University of Denver, will host a conference to discuss how the Financial Data Transparency Act (FDTA) can facilitate the efficient rollout of digital reporting for municipal bond issuance and other disclosures with data submissions in a structured, machine-readable format. The event’s presentations will address how this will impact governments, municipal analysts and portfolio managers, data and analytics tool providers, and regulators. Novaworks is a sponsor of this event, and our staff will be on hand to answer questions and provide information. Continue reading "XBRL US Opens Registration for GovFin "

MSRB Issues 2024 Annual Report and Audited Financial Statements

nospam@example.com (LeAnn Dey) — Wed, 29 Jan 2025 15:47:00 -0500

The Municipal Securities Rulemaking Board (MSRB) has released its fiscal year 2024 annual report, which provides an overview of the organization’s regulatory initiatives, operational performance, financial position, and the progress made in advancing the FY 2022–2025 Strategic Plan. The report highlights the MSRB’s ongoing efforts to enhance market transparency, streamline regulation, and engage stakeholders in promoting a fair and efficient municipal securities market. The annual report also includes audited annual financial statements for the fiscal year that ended September 30, 2024. Continue reading "MSRB Issues 2024 Annual Report and Audited Financial Statements"

MSRB Releases Notice on Mandatory Participation in Business Continuity and Disaster Recovery Testing

nospam@example.com (LeAnn Dey) — Mon, 27 Jan 2025 17:39:00 -0500

The Municipal Securities Rulemaking Board (MSRB) has published its annual notice establishing the criteria for designating participants for its mandatory business continuity and disaster recovery testing consistent with the Regulation Systems Compliance and Integrity (Regulation SCI), adopted by the SEC under the Securities Exchange Act of 1934. Continue reading "MSRB Releases Notice on Mandatory Participation in Business Continuity and Disaster Recovery Testing"

SEC Staff Issues Semi-Annual Report to Congress on Use of Machine-Readable Data

nospam@example.com (LeAnn Dey) — Mon, 13 Jan 2025 12:46:00 -0500

In December 2024, the SEC published its semi-annual report to Congress regarding public and internal use of machine-readable data for corporate disclosures, in compliance with the Financial Data Transparency Act of 2022 (FDTA) signed into law on December 23, 2022. The FDTA requires the SEC to submit this report to both the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives every 180 days through December 23, 2029, when the provision requiring the report concludes. Continue reading "SEC Staff Issues Semi-Annual Report to Congress on Use of Machine-Readable Data"

SEC Approves MSRB Rule Change to Shorten Timeframe for Reporting Transactions in Municipal Securities

nospam@example.com (LeAnn Dey) — Tue, 24 Sep 2024 13:28:00 -0400

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 Timeframe for Reporting Transactions in Municipal Securities"

Novaworks Offers Webinar: Exploring the Impact of Data Transparency on Municipal Reporting

nospam@example.com (LeAnn Dey) — Tue, 27 Aug 2024 14:09:00 -0400

Novaworks will host another free webinar geared toward investors, state and local governments and other market participants to explore the changes that are coming with the Financial Data Transparency Act (FDTA). There are several opportunities to attend this hour-long webinar with the next one being offered on Tuesday, September 3, 2024, at 3:00 p.m. ET. When registering, attendees simply choose the date and time that works best. Continue reading "Novaworks Offers Webinar: Exploring the Impact of Data Transparency on Municipal Reporting"

XBRL US Opens Registration for November Conference on Digital Transparency Mandates Affecting Climate, Corporate and Government

nospam@example.com (LeAnn Dey) — Mon, 26 Aug 2024 09:47:00 -0400

XBRL US has announced that KPMG will host a conference to discuss the importance of transparency regarding digital data reporting for climate, business, and government. Presenters also will address the impact of digital requirements introduced by the Financial Data Transparency Act (FDTA) and a number of climate rules under which reporting entities must be in compliance with digital data standards by preparing submissions in Inline XBRL, a structured, machine-readable format that meets these disclosure requirements. Continue reading "XBRL US Opens Registration for November Conference on Digital Transparency Mandates Affecting Climate, Corporate and Government"

Fact Sheet Available for Proposed Joint Data Standards Under the Financial Data Transparency Act

nospam@example.com (LeAnn Dey) — Tue, 06 Aug 2024 08:29:00 -0400

On August 2nd, the SEC proposed joint data standards under the Financial Data Transparency Act of 2022 (FDTA) that would establish technical standards for data submitted to certain financial regulatory agencies, making financial data more accessible, uniform, and useful to the public. The joint data standards would make it easier for financial institutions to file reports across multiple agencies and help regulators carry out the SEC’s oversight functions with greater efficacy. Continue reading "Fact Sheet Available for Proposed Joint Data Standards Under the Financial Data Transparency Act"

MSRB Adopts FY 2025 Budget, Elects Board Leadership and Furthers Strategic Priorities at Quarterly Board Meeting

nospam@example.com (LeAnn Dey) — Thu, 01 Aug 2024 13:18:00 -0400

On July 26th, the Board of Directors of the Municipal Securities Rulemaking Board (MSRB) convened the final quarterly meeting of fiscal year 2024 on July 24-25, 2024. At this meeting, the Board approved the fiscal year 2025 budget, held fiscal year 2025 officer elections, and discussed priorities to advance its 2022-2025 Strategic Plan. Continue reading "MSRB Adopts FY 2025 Budget, Elects Board Leadership and Furthers Strategic Priorities at Quarterly Board Meeting"

SEC, MSRB, FINRA to Co-Sponsor Compliance Outreach for Municipal Market Professionals

nospam@example.com (LeAnn Dey) — Thu, 11 Jul 2024 17:26:00 -0400

The SEC, the Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) have announced that registration is now open for the Compliance Outreach Program, an event the agencies will host together in November in Denver, Colorado. The program is designed specifically to familiarize municipal market participants, including municipal advisors and broker-dealers, with their compliance obligations. Continue reading "SEC, MSRB, FINRA to Co-Sponsor Compliance Outreach for Municipal Market Professionals"