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SEC to Consider Requiring Inline XBRL Reporting and Comments on Disclosures in the Financial Services Industry

by   |   February 23, 2017

The SEC has issued a notice of a meeting to consider:

  • Whether to propose amendments to rules and forms to require the use of the Inline XBRL format for the submission of operating company financial statement information and mutual fund risk/return summaries, eliminate the requirement for filers to post Interactive Data Files on their websites and terminate the Commission’s voluntary program for the submission of financial statement information interactive data that is currently available only to investment companies and certain other entities.
  • Whether to issue a request for comment on possible revisions to statistical and other disclosures affecting registrants in the financial services industry.

You can find our prior blog on Inline XBRL reporting here.