SEC Takes Further Steps Towards Inline XBRL
On October 11, the US Securities and Exchange Commission (SEC) proposed a significant series of amendments concerning Regulation S-K. The proposed amendments are intended to modernize and simplify certain disclosure requirements in Regulation S-K. The SEC is proposing that all of the cover pages of its forms should be filed as Inline XBRL, with a range of identification information facilitating digital consumption.
The amendments are intended to:
- improve the readability,
- navigability of disclosure documents,
- discourage the repetition, and
- disclosure of immaterial information.
Ultimately, these changes provide a very useful way of reducing the costs and burdens on registrants while continuing to provide all the necessary material information to investors.
Read more on SEC’s further steps towards Inline XBRL
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