Prathamesh Devlekar, Author at EcoActive ESG

Prathamesh Devlekar

165 articles published

Aquila Capital Secures $21 Million from Ashikaga Bank for Japan Solar Project

NewsJune 7, 2023281Views 0Likes 0Comments

June 7, 2023 Investment management company Aquila Capital has secured a 3 billion yen ($21.5 million) loan from Japan’s Ashikaga Bank for a solar power project in Japan’s Chiba prefecture, the company said in a statement on Wednesday. As Japan targets to have 36%-38% of its electricity from renewable sources by the end of this…

iXBRL mandate for CEF & BDC – All you need to know

BlogsJune 3, 2023397Views 0Likes 0Comments

The Securities and Exchange Commission (the "Commission") has adopted rules that will modify the registration, communications, and offering processes for business development companies ("BDCs") and other closed-end investment companies (CEF) under the Securities Act of 1933. The adoption of these amendments requires BDCs must submit financial statements using Inline XBRL (iXBRL) format. However, Registered…

US SEC iXBRL mandate for Form 11-K – Employee Stock Purchase and Savings Plans

BlogsJune 3, 2023352Views 0Likes 0Comments

In 2009, the SEC adopted rules requiring issuers to submit information from the financial statements, including certain registration statements and periodic and current reports in a structured, machine-readable data language using XBRL. In 2018, the SEC modified the existing rules by requiring issuers to use Inline XBRL to improve the quality and usability of XBRL…

Understanding FERC Form 714 (Electric) for XBRL Submission

BlogsJune 3, 2023407Views 0Likes 0Comments

FERC - Current XBRL Mandate : In the United States, FERC, or the Federal Energy Regulatory Commission, regulates electricity, natural gas, oil, and the entire hydropower industry. As the commission has mandated that all of these companies submit their quarterly and annual accounts and operations information in XBRL, the companies are also leveraging the adoption…

What is UKSEF? What UK-listed companies must know

BlogsJune 3, 2023400Views 0Likes 0Comments

The UK’s Financial Conduct Authority (FCA), has permitted to use UK Single Electronic Format (UKSEF), a taxonomy which is based on IFRS taxonomy and an extension of ESEF taxonomy to allow for the preparation of UK-specific ESEF accounts containing FRC taxonomy items, and based on the English language ESEF entry points. What is UKSEF? The…

UK Launches Review of Non-Financial Reporting Requirements

NewsJune 2, 2023307Views 0Likes 0Comments

June 2, 2023 The UK Department for Business and Trade (DBT), in collaboration with the Financial Reporting Council (FRC), has issued a call for evidence to support the review of the UK’s non-financial reporting requirements. The review aims to ensure the UK’s non-financial reporting framework continues to meet the needs of investors, stakeholders, and the…

Co-operatives – Understand your XBRL Compliance requirements

BlogsJune 2, 2023343Views 0Likes 0Comments

WHAT IS CIPC CO-OPERATIVE MANDATE? The Companies and Intellectual Property Commission (CIPC) of South Africa first implemented XBRL-based reporting for private companies in 2018 and has been working on expanding that mandate and enhancing data quality progressively. NOTICE 52 OF 2021 by Companies and Intellectual Property Commission (CIPC) is notifying Co-operatives of the requirements of submitting…

Think Digital for Sustainability Disclosures

NewsMay 28, 2023241Views 0Likes 0Comments

May 28, 2023 XBRL EU urges digital for sustainability disclosures at a meeting in Rome this week. At the very successful XBRL-EU conference in Rome earlier this week, the attendees heard a range of details about the upcoming implementation of the European Sustainability Reporting Standards (or ESRSs) via the CSRD, or Corporate Sustainability Reporting Directive.…

Deal Reached on ESAP to Provide Investor Access to EU Data

NewsMay 28, 2023314Views 0Likes 0Comments

May 28, 2023 This week the European Parliament and Council negotiators agreed on the timeline and processes for establishing the European single access point (ESAP), a common data platform that will merge digital data crucial for capital markets, financial services, and sustainable finance from across Europe. The ESAP initiative was initially proposed by the EU…

SEC Proposes XBRL for FOCUS Report

NewsMay 21, 2023282Views 0Likes 0Comments

May 21, 2023 The Securities and Exchange Commission (SEC) has proposed a new rule proposal Electronic Submission of Certain Materials Under the Securities Exchange Act of 1934; Amendments Regarding the FOCUS Report, which would introduce XBRL for certain reports. The new rule would require electronic filing and XBRL-based structured data for certain forms, including…

SEC Publishes Draft Open-End Taxonomy for Public Review

NewsMay 16, 2023275Views 0Likes 0Comments

May 16, 2023 The Securities and Exchange Commission (SEC) published the draft Open-End Fund Taxonomy and taxonomy guide for public review. Files are available at https://www.sec.gov/structureddata/dera_taxonomies. Sample filings using the draft OEF taxonomy can be found at https://xbrl.sec.gov/oef/2023/oef23-samples-2023-05-02.zip. Comments must be received by June 5, 2023. To find out more details please visit : https://www.xbrl.us/

Draft 2023 Open-End Fund (OEF) Taxonomy Published

NewsMay 12, 2023298Views 0Likes 0Comments

May 12, 2023 The US Securities and Exchange Commission (SEC) adopted welcome amendments that requires open-end funds (OEF) to prepare concise, visually engaging, iXBRL tagged annual and semi-annual reports for investors and shareholders. This week, the SEC took an important step towards the implementation of that rule with the publication of a draft taxonomy. Until…