📊SEC's Interactive Data Submission Requirements and Compliance Update
The Securities and Exchange Commission issued a notice regarding the extension of the Interactive Data collection requirements, mandating issuers to submit specified financial information using eXtensible Business Reporting Language (XBRL). This initiative aims to facilitate better analysis of financial statements by investors, enhancing regulatory efficiency and transparency in financial reporting.
Learn More📈SEC Updates EDGAR Filer Manual
The Securities and Exchange Commission ("Commission") is adopting amendments to Volume II of the Electronic Data Gathering, Analysis, and Retrieval system Filer Manual ("EDGAR Filer Manual" or "Filer Manual") and related rules and forms. Version 73 of Volume II of the Filer Manual reflects and identifies changes to EDGAR made in connection with Release 25.1, and Version 74 of Volume II of the Filer Manual synthesizes changes from Version 73 with changes to EDGAR made in connection with the Commission's September 27, 2024, EDGAR Filer Access and Account Management rulemaking ("EDGAR Next"). The Commission is incorporating by reference Version 74 of Volume II.
Learn More📊SEC's Proposal on Interactive Data Collection and Financial Reporting
The SEC issues a notice regarding the proposed extension of the "Interactive Data" collection, soliciting comments on its necessity and utility. The initiative requires issuers to submit specified financial information in an interactive format using XBRL, aimed at facilitating data analysis for investors and automating filings for issuers.
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