On August 27th, the SEC’s Division of Economic and Risk Analysis (DERA) completed an assessment of the tagging in Business Development Companies’ (BDCs’) consolidated statements of operations in Forms 10-K for fiscal year 2025. In conducting this assessment, staff noted several recurring issues in the way certain income and expense line items were tagged, indicating that many filers continue to apply elements that do not align with the structure of BDC financial statements. Continue reading "SEC Issues Guidance on Misuse of Tagging..." »

On August 18th, the SEC proposed Regulation Crypto Assets, an original framework that details how federal securities laws apply to crypto assets, trading platforms, and brokers. The rulemaking is being proposed as crypto markets continue to expand rapidly, often developing ahead of clear regulatory expectations. The SEC seeks to provide market participants with a clearer understanding of how long‑established securities principles apply and how they improve compliance-related confidence through a more structured approach. Continue reading "SEC Proposes New Regulation Crypto Assets,..." »

The SEC has 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 in December 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 August 14th, the EDGAR Business Office issued a preview of the upcoming updates to the EDGAR system capabilities, technical specifications, and the draft EDGAR Filer Manual prior to the approaching EDGAR software release. The release is currently scheduled for September 14, 2026, and filers may review and test the expected EDGAR system changes in the EDGAR Beta Environment beginning August 31, 2026. Continue reading "SEC Provides Preview of September 2026 EDGAR..." »

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.
{expires: 2026-09-23}
Continue reading "XBRL US Opens Registration for GovFin 2026: A..." »

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" »

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..." »

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..." »

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..." »

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..." »

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..." »

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..." »

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..." »

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..." »