FYI: SEC Rule Changes Made Today
Posted onFYI: Today, the SEC acted on several new requirements, among them: 1. iXBRL – The SEC approved rule changes requiring various SEC forms and related data to be filed with the Commission in “Inline” XBRL structured data format. This includes investment company risk/return disclosure that appears in fund registration statements/prospectuses. Funds are already required to file this data in XBRL format, which permits the data to be machine-readable and utilized in an “interactive” manner. However, funds are currently required to file the XBRL data in a separate registration statement or related filing made for that specific purpose within 15 days […]