Novaworks Weblog

XBRL US Opens Registration for GovFin 2026: A Changing Climate for Municipal Disclosures

nospam@example.com (LeAnn Dey) — Thu, 13 Aug 2026 09:45:00 -0400

XBRL US is hosting a one-day conference to discuss how high‑quality, consistent, and timely data helps municipal leaders respond to economic and regulatory change, improve public‑service delivery, and make informed budget decisions. The conference will take place Tuesday, September 22, 2026, and registration for the virtual event is required.

Continue reading "XBRL US Opens Registration for GovFin 2026: A Changing Climate for Municipal Disclosures"

FASB Publishes 2026 Investor Outreach Report

nospam@example.com (LeAnn Dey) — Wed, 12 Aug 2026 16:45:00 -0400

On August 6th, the Financial Accounting Standards Board (FASB) issued its 2026 Investor Outreach Report, which is now available through the FASB’s Investor Web Portal. The report details how investor feedback shapes standard‑setting priorities, informs potential improvements to GAAP, and supports the work of the Investor Advisory Committee. The report summarizes the more than 2,475 investor interactions the FASB has conducted since 2021 across a wide range of market participants. Continue reading "FASB Publishes 2026 Investor Outreach Report"

SEC Creates Financial Reporting and Accounting Unit Within Enforcement Division

nospam@example.com (LeAnn Dey) — Tue, 11 Aug 2026 11:30:00 -0400

On August 5th, the SEC announced that it is creating a Financial Reporting and Accounting Unit within Enforcement to expand its focus on accounting and financial reporting fraud and misconduct. The unit will coordinate with other SEC divisions to support consistent enforcement aligned with Commission priorities. It will be staffed by attorneys and accountants with specialized expertise in financial reporting, accounting, and auditing. Continue reading "SEC Creates Financial Reporting and Accounting Unit Within Enforcement Division"

SEC Adopts Investment Company Governance Technical Amendments

nospam@example.com (LeAnn Dey) — Mon, 10 Aug 2026 15:00:00 -0400

On August 4th, the SEC announced that it is amending rules related to delegating authority to its staff. The final rule updates the way certain responsibilities are assigned to staff, allowing the agency to operate more efficiently. The SEC adopted technical amendments to investment company governance rules to update the Code of Federal Regulations (CFR) after a federal court withdrew two 2004 requirements. The court invalidated the 75% disinterested‑director requirement and the independent‑chair requirement, which legally reverted funds back to the earlier standard requiring only a simple majority of disinterested directors. Continue reading "SEC Adopts Investment Company Governance Technical Amendments"

MSRB Proposes Updates to Dealer Supervision Rule G‑27

nospam@example.com (LeAnn Dey) — Thu, 06 Aug 2026 17:15:00 -0400

On July 27th, the MSRB released for public review and comment a rule proposal with the SEC that would update Rule G‑27, modernize dealer supervision requirements, and reflect current business practices, including hybrid work environments. The proposal is part of the MSRB’s ongoing retrospective rule review. The MSRB notes that technological advances allow firms to supervise municipal securities activities with increased efficacy across decentralized locations. The proposed rules are designed to provide dealers with more flexibility without modifying core supervisory obligations. Continue reading "MSRB Proposes Updates to Dealer Supervision Rule G‑27"

SEC Proposes New E-Delivery Rule to Improve Investor Access to Data

nospam@example.com (LeAnn Dey) — Wed, 05 Aug 2026 16:45:00 -0400

The SEC has proposed a rule regarding Regulation E‑Delivery that would update how companies send required information to investors. The proposed rule acknowledges that the current systems rely heavily on paper, though most users receive and transmit information digitally. The SEC seeks to shift toward a simple, modern rule that makes electronic delivery the default, while still allowing requests for paper. Continue reading "SEC Proposes New E-Delivery Rule to Improve Investor Access to Data"

FASB Releases GAAP Taxonomy Improvements for FSLDs, Requests Feedback

nospam@example.com (LeAnn Dey) — Thu, 30 Jul 2026 17:00:00 -0400

On July 20th, the Financial Accounting Standards Board (FASB) staff issued a proposed Taxonomy Implementation Guide to provide filers with a simple and consistent way to use Financial Statement Location Dimensions (FSLDs) to help companies correctly tag amounts that appear across multiple financial‑statement captions, reducing confusion and improving consistency in XBRL filings. Continue reading "FASB Releases GAAP Taxonomy Improvements for FSLDs, Requests Feedback"

FASB Publishes Investment Companies Implementation Guide, Solicits Feedback

nospam@example.com (LeAnn Dey) — Thu, 30 Jul 2026 09:45:00 -0400

On July 9th, the Financial Accounting Standards Board (FASB) staff released its investment companies implementation guide, which is designed to show how the GAAP Taxonomy models financial reporting for entities that would be considered investment companies in accordance with GAAP or SEC rules. Although the publication is not authoritative, it is intended to help preparers be consistent when applying taxonomy elements, reduce tagging errors in XBRL filings, and help filers understand how the taxonomy reflects the unique structure of investment company financial statements. Continue reading "FASB Publishes Investment Companies Implementation Guide, Solicits Feedback"

SEC Staff Updates FAQs for Registration of Municipal Advisors

nospam@example.com (LeAnn Dey) — Wed, 29 Jul 2026 11:00:00 -0400

On July 16th, the SEC’s Office of Municipal Securities published an updated list of Registration of Municipal Advisors FAQs to give municipal advisors clearer guidance on registration and recordkeeping requirements. The updates help P3 participants know when they should provide information on which remote work locations must be listed on Form MA and MA‑I and when to disclose records that advisors must maintain when offering pricing advice on new municipal securities. Continue reading "SEC Staff Updates FAQs for Registration of Municipal Advisors"

SEC Adopts Rules to Update Delegations of Authority for Staff

nospam@example.com (LeAnn Dey) — Wed, 22 Jul 2026 15:00:00 -0400

On July 15th, the SEC announced that it is updating its rulemaking related to delegating authority to the agency’s staff in order to continue updating these rules, align more closely with the way the SEC conducts business, and more efficiently use the SEC’s resources. The final rule updates and modernizes how certain responsibilities are delegated to staff so the agency can operate more efficiently. Continue reading "SEC Adopts Rules to Update Delegations of Authority for Staff"

GoFiler 6.5c Now Available

nospam@example.com (Administrator) — Mon, 20 Jul 2026 17:35:00 -0400

Version 6.5c of GoFiler has been released. This version contains changes and improvements for XBRL View/XDX and general EDGAR tools as well as corrections for Form 24F-2 and Section 16. Continue reading "GoFiler 6.5c Now Available"

XBRL International Announces First Regulatory Playbook

nospam@example.com (LeAnn Dey) — Thu, 16 Jul 2026 15:45:00 -0400

XBRL International recently released its first Regulatory Playbook, a publication intended to help regulators build the skills needed to run digital reporting projects, including sustainability reporting. The playbook addresses policy design, stakeholder engagement, and the technical basics of XBRL. By using lessons and observations from global implementations, the resource would help teams rely on proven methods and avoid common errors. Continue reading "XBRL International Announces First Regulatory Playbook"

SEC Announces 2026 Regulatory Agenda

nospam@example.com (LeAnn Dey) — Thu, 16 Jul 2026 15:15:00 -0400

The SEC has released its 2026 regulatory agenda, which outlines a revitalized focus on the agency’s central priorities which are protecting investors, supporting capital formation, and ensuring fair and efficient markets. The SEC seeks to update its rules by adopting new technology and making it simple to understand how crypto assets can be issued, traded, and stored on‑chain, while keeping strong investor protections in place. Continue reading "SEC Announces 2026 Regulatory Agenda"

FERC to Hold Open Commission Meeting

nospam@example.com (LeAnn Dey) — Mon, 13 Jul 2026 14:45:00 -0400

The Federal Energy Regulatory Commission’s (FERC) staff will hold its monthly open meeting via webcast on ferc.gov on Thursday, July 16, 2026, 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"

SEC Updates Market Statistics Focusing on Strong Growth in IPO Activity

nospam@example.com (LeAnn Dey) — Wed, 08 Jul 2026 14:00:00 -0400

On July 1st, the SEC’s Division of Economic and Risk Analysis (DERA) released updated US capital‑market statistics and new interactive data visualizations. The revision includes expanded information on asset‑backed securities (ABS), municipal advisors, and additional historical data for ABS and commercial mortgage-backed securities (CMBS) issuances. Continue reading "SEC Updates Market Statistics Focusing on Strong Growth in IPO Activity"

SEC, CFTC Seek Feedback on Expanding Portfolio Margining and Cross‑Margining

nospam@example.com (LeAnn Dey) — Mon, 06 Jul 2026 15:45:00 -0400

On June 26th, the SEC and the Commodity Futures Trading Commission (CFTC) published a joint request for comment to consider ways to expand portfolio and cross‑margining. Input from the public may inform how updates affect the ability of securities and derivatives regulated by the SEC, the CFTC, or both agencies to be consolidated and margined in a unified manner, thus offsetting their risks and managing them in a single framework. Continue reading "SEC, CFTC Seek Feedback on Expanding Portfolio Margining and Cross‑Margining"

Independence Day

nospam@example.com (LeAnn Dey) — Thu, 02 Jul 2026 09:00:00 -0400

The SEC will be closed Friday, July 3rd in observance of Independence Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of July 3rd will be due the following business day, Monday, July 6th. The FERC also will be closed in observation of Independence Day. eForms will accept filings submitted on July 3rd.
Continue reading "Independence Day"

SEC Updates Financial Reporting Manual

nospam@example.com (LeAnn Dey) — Wed, 01 Jul 2026 16:00:00 -0400

The SEC’s Division of Corporation Finance periodically makes informal staff interpretations available to the public via the Financial Reporting Manual (FRM). The update does not make any technical changes; it only includes administrative edits, so none of the sections have date tags added. Continue reading "SEC Updates Financial Reporting Manual"

SEC, CFTC Request Comment on Revising Swap Data Reporting

nospam@example.com (LeAnn Dey) — Wed, 01 Jul 2026 10:30:00 -0400

On June 18th, the SEC and the Commodity Futures Trading Commission (CFTC) released a joint request for comment to consider ways to harmonize swap data reporting across the security‑based swap and swap markets. The coordinated effort to align swap data reporting is part of the agencies’ ongoing responsibilities pursuant to the Dodd‑Frank Act, which set up distinct but complementary reporting systems for each agency. Continue reading "SEC, CFTC Request Comment on Revising Swap Data Reporting"

FERC Proposes Rules to Revise Financial Forms and Filing Requirements

nospam@example.com (LeAnn Dey) — Tue, 30 Jun 2026 14:00:00 -0400

On June 23rd, the Federal Energy Regulatory Commission (FERC) released a rule proposal that would amend a number of its financial reporting forms and related filing requirements. The proposed changes are designed to enhance transparency and ensure that the FERC’s financial forms remain accurate and suitable for use. Continue reading "FERC Proposes Rules to Revise Financial Forms and Filing Requirements"

SEC, CFTC Solicit Feedback on Modernizing Derivatives Product Definitions

nospam@example.com (LeAnn Dey) — Mon, 29 Jun 2026 15:15:00 -0400

On June 18th, the SEC and the Commodity Futures Trading Commission (CFTC) published a joint request for comment to explore ways to update derivatives definitions and clarify interpretive issues under Title VII of Dodd‑Frank. The agencies seek to ensure that regulatory frameworks keep up with ever changing and developing market structures, new financial products, and modern trading practices. Continue reading "SEC, CFTC Solicit Feedback on Modernizing Derivatives Product Definitions"

XBRL US to Discuss the SEC’s Quarterly versus Semiannual Rule Proposal

nospam@example.com (LeAnn Dey) — Mon, 22 Jun 2026 15:30:00 -0400

XBRL US will host a webinar to discuss the benefits and disadvantages of quarterly versus semiannual reporting, and the implications of the SEC’s Semiannual Reporting rule proposal. The webinar will take place on Thursday, June 25, 2026, and will begin at 3:00 p.m. Eastern.
Continue reading "XBRL US to Discuss the SEC’s Quarterly versus Semiannual Rule Proposal"

Juneteenth

nospam@example.com (LeAnn Dey) — Fri, 19 Jun 2026 10:00:00 -0400

The SEC will be closed Friday, June 19th, in observance of Freedom Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of Friday, June 19th, will be due the following business day, Monday, June 22nd. The FERC will also be closed in observation of Freedom Day. eForms will accept filings submitted on June 19th.
Continue reading "Juneteenth"

SEC Proposes Overturning Regulation NMS Rules 611 and 610(e)

nospam@example.com (LeAnn Dey) — Thu, 18 Jun 2026 17:00:00 -0400

On June 11th, the SEC proposed amendments to rescind Rules 611 (the Order Protection Rule) and 610(e) (the Access Rule’s locked/crossed market provision) of Regulation NMS under the Securities Exchange Act of 1934. The rule proposal is designed to streamline market structure, mitigate costs for market participants, and support competition and innovation, thus impacting the development of equity markets. Continue reading "SEC Proposes Overturning Regulation NMS Rules 611 and 610(e)"

XBRL US, CRAFT Highlight Recent AI and Structured Data Forum

nospam@example.com (LeAnn Dey) — Wed, 17 Jun 2026 16:00:00 -0400

In May 2026, the AI and Structured Data Forum, hosted by XBRL US and Center for Research toward Advancing Financial Technologies (CRAFT) at Stevens Institute of Technology, gathered industry leaders from the financial, regulatory, academic, and technology industries to discuss how AI and structured data are reshaping and modernizing financial reporting, auditing, and digital markets. The discussions steered clear of the hype around AI, centering on its practical aspects and offering a grounded assessment of its current capabilities. Continue reading "XBRL US, CRAFT Highlight Recent AI and Structured Data Forum"

XBRL US to Discuss How Structured Data Powers Next-Generation Financial Analysis

nospam@example.com (LeAnn Dey) — Tue, 16 Jun 2026 11:00:00 -0400

XBRL US will host a webinar on how worldwide expansion of XBRL‑tagged data is helping create new tools driven by structured, machine-readable datasets that make financial analysis faster and easier. The webinar will take place on Wednesday, June 17, 2026, and will begin at 3:00 p.m. Eastern.
Continue reading "XBRL US to Discuss How Structured Data Powers Next-Generation Financial Analysis"

SEC to Hold Compliance Outreach Seminar for New York-Based Investment Advisers and Investment Companies

nospam@example.com (LeAnn Dey) — Mon, 15 Jun 2026 10:00:00 -0400

The SEC's New York Regional Office (NYRO) will host a virtual compliance outreach seminar for investment advisers and investment companies in the New York area. The event will take place on Tuesday, June 16, 2026, beginning at 9:15 a.m. Eastern. The event is free and open for the public to attend. Registration is not required.
Continue reading "SEC to Hold Compliance Outreach Seminar for New York-Based Investment Advisers and Investment Companies "

SEC Adopts Joint Data Standards Rules Under FDTA

nospam@example.com (LeAnn Dey) — Tue, 09 Jun 2026 14:40:00 -0400

On June 8th, the SEC approved rules that establish joint data standards under the Financial Data Transparency Act of 2022 (FDTA). The rulemaking establishes 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 "SEC Adopts Joint Data Standards Rules Under FDTA"

New FERC Final Rule “Filing Process and Data Collection for the Electric Quarterly Report”

nospam@example.com (The Novaworks Team) — Fri, 05 Jun 2026 11:39:00 -0400

The FERC issued a new final rule on March 19, 2026 to update the filing process and data collection for the Electric Quarterly Report (EQR). Changes are designed to update data collection, improve data quality, increase market transparency, decrease costs, and streamline compliance for future changes.

Continue reading "New FERC Final Rule “Filing Process and Data Collection for the Electric Quarterly Report”"

Reminder: IFRS Accounting Taxonomy 2025 Remains Current for 2026 Reporting

nospam@example.com (LeAnn Dey) — Wed, 03 Jun 2026 17:37:00 -0400

In February 2026, the International Financial Reporting Standards Foundation (IFRS) announced that the IFRS Accounting Taxonomy 2025 would remain current for the 2026 reporting period as there have been no updates to the technology or content. Stakeholders should continue to use the IFRS Accounting Taxonomy 2025 when tagging financial information, in accordance with local jurisdictional filing requirements. Continue reading "Reminder: IFRS Accounting Taxonomy 2025 Remains Current for 2026 Reporting"

SEC Cancels June 2026 EDGAR Release

nospam@example.com (LeAnn Dey) — Wed, 03 Jun 2026 10:54:00 -0400

On June 1st, the SEC canceled EDGAR software release 26.2, which was planned for June 15, 2026. Draft EDGAR Filer Manual revisions and draft Technical Specifications related to the release that previously was published on May 15th are no longer relevant and have been removed from the SEC’s site. Associated changes made to the EDGAR Beta Environment will be reverted on June 1st. Continue reading "SEC Cancels June 2026 EDGAR Release"

SEC Staff to Hold Investor Advisory Committee Meeting

nospam@example.com (LeAnn Dey) — Mon, 01 Jun 2026 11:00:00 -0400

The SEC’s Investor Advisory Committee will hold an open meeting via webcast on the SEC’s site that will take place on Thursday, June 4, 2026, beginning at 10:00 a.m. ET. The meeting is free for the public to attend. The meeting will cover committee matters, including subcommittee reports and approval of previous meeting minutes.

Continue reading "SEC Staff to Hold Investor Advisory Committee Meeting"

GAO Issues Report on Standard Business Reporting Under FDTA

nospam@example.com (LeAnn Dey) — Fri, 29 May 2026 14:15:00 -0400

On May 14th, the United States Government Accountability Office (GAO) released a new report to satisfy requirements detailed in the Financial Data Transparency Act (FDTA). The Act requires the GAO to evaluate the establishment of a Standard Business Reporting-type (SBR) program in the United States and to begin developing shared data standards among financial regulators. The standards are intended to reduce reporting burdens, improve data quality, and steer the United States toward a system similar to SBR used in other countries. Continue reading "GAO Issues Report on Standard Business Reporting Under FDTA"

Memorial Day

nospam@example.com (LeAnn Dey) — Fri, 22 May 2026 13:45:00 -0400

The SEC will be closed Monday, May 25th in observance of Memorial Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of May 25th will be due the following business day. The FERC will also be closed in observation of Memorial Day. eForms will accept filings submitted on May 25th. Continue reading "Memorial Day"

GoFiler 6.5b Now Available

nospam@example.com (Administrator) — Tue, 26 May 2026 17:43:00 -0400

Version 6.5b of GoFiler has been released. This version contains changes and improvements for Text View, Page View, Data View, and XBRL View/XDX. This release also contains updates for Forms 13F, ATS-N, Section 16, and general EDGAR forms. Continue reading "GoFiler 6.5b Now Available"

SEC Proposes Rules to Allow Optional Semiannual Filings for Public Companies

nospam@example.com (LeAnn Dey) — Tue, 05 May 2026 17:00:00 -0400

On May 5th, the SEC proposed rule and form amendments that would allow public companies to file semiannual reports instead of traditional quarterly reports. The change would offer issuers greater flexibility in meeting interim reporting obligations under federal securities laws. Under the proposal, companies subject to Exchange Act Sections 13(a) or 15(d) may choose to file a new Form 10‑S twice a year in place of Form 10‑Q. Rather than file three quarterly reports and one annual report, eligible companies could choose the streamlined option to file one semiannual report and one annual report per fiscal year. Continue reading "SEC Proposes Rules to Allow Optional Semiannual Filings for Public Companies"

SEC Provides Preview of June 2026 EDGAR Release 26.2

nospam@example.com (LeAnn Dey) — Thu, 21 May 2026 10:00:00 -0400

On May 15th, the EDGAR Business Office issued a preview of the upcoming updates to the EDGAR system’s capabilities, technical specifications, and the draft EDGAR Filer Manual prior to the approaching EDGAR software release. The release is currently scheduled for June 15, 2026, and filers may review and test the expected EDGAR system changes in the EDGAR Beta Environment beginning June 1, 2026. Continue reading "SEC Provides Preview of June 2026 EDGAR Release 26.2"

SEC Proposes to Modernize Registered Offerings and Reduce Reporting Burdens for Public Companies

nospam@example.com (LeAnn Dey) — Wed, 20 May 2026 16:15:00 -0400

On May 19th, the SEC proposed reforms intended to improve the efficiency, resilience, and cost‑effectiveness of registered offerings while remaining focused on providing strong investor protections. The proposal seeks to streamline the public‑company reporting framework and more closely align disclosure requirements with a company’s size and phase of development. The proposal is designed to respond to years of increasing regulatory complexity and a sustained drop in the number of public companies. By simplifying offerings and customizing disclosure requirements, the SEC aims to encourage more businesses, especially small and mid‑sized issuers, to go public and remain in the public markets. Continue reading "SEC Proposes to Modernize Registered Offerings and Reduce Reporting Burdens for Public Companies"