On June 28, 2018, the SEC announced they had voted to adopt amendments to eXtensible Business Reporting Language (XBRL) with the implementation of Inline XBRL. Roll out dates begin with Large Accelerated Filers for fiscal periods ending June 15, 2019.

On June 28, 2018, the SEC announced they had voted to adopt amendments regarding the definition of “smaller reporting company” (SRC) which would open up the scaled disclosure to more companies.

The SEC made the following notice yesterday regarding regulatory relief for those affected by Hurricane Harvey, Hurricane Irma and Hurricane Maria.

On March 1, 2017, the Commission voted to adopt a rule and form amendments which require issuers to hyperlink all exhibits referenced in the exhibits lists of their registration statements and periodic reports to the corresponding documents. This includes all exhibits that are incorporated by reference. The objective is to make it easier for investors to locate and view exhibits without having to search through previously filed reports which can be quite tedious.

When the SEC rolled out the XBRL mandate in 2009, it was expected that foreign private issuers who prepared their financial statements using International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board would begin submitting their financial statements in XBRL format in year three of the phase-in period. However, the SEC had yet to specify the IFRS taxonomy on its website so foreign private issuers have not been required to submit their financial statements in XBRL…until now.