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SEC Proposes XBRL for FOCUS Report

NewsMay 21, 2023458Views 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, 2023437Views 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, 2023463Views 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…

SEC Introduces XBRL for Private and Public Securities in Modernisation of Share Repurchase Disclosures

NewsMay 12, 2023514Views 0Likes 0Comments

May 12, 2023 Share buybacks are a significant chunk of US market demand for stocks, amounting to more than $1.25 trillion in 2022. Issuers use buybacks to return capital to shareholders, in some ways turning public markets upside down: traditionally companies come to stock exchanges to raise capital, not return it. They are also an…

Biden Uses First Veto to Defend Rule on ESG Investing

NewsApril 24, 2023943Views 2Likes 0Comments

In September 2022, the FCA sent a portfolio letter to benchmark administrators where the FCA highlighted the risk of poor disclosures for ESG benchmarks. High quality ESG benchmarks are important to support trust in the market for ESG products and the transition to a net zero economy. The FCA have now completed a preliminary review on…

Nature Risks Disclosure Framework Introduces Streamlined Metrics

NewsApril 17, 2023973Views 0Likes 0Comments

While there has been a lot of focus on climate relate disclosures in recent years, the past year saw some significant import placed on biodiversity and nature in the wider sustainability realm. The TNFD, or Taskforce on Nature-related Financial Disclosures, is an international initiative that aims to establish a framework for companies and financial institutions to…

FRC Welcomes Updated Green Finance Strategy

NewsApril 3, 2023974Views 1Like 0Comments

The Financial Reporting Council has issued a joint statement with the FCA, the BoE and the TPR welcoming the Government’s update to the Green Finance Strategy, which recognises the role of the financial sector in delivering global and domestic climate and environmental objectives to ensure the UK is a leading centre of Green Finance. The FRC…

FCA Outlines Where Improvements Are Needed In ESG Benchmarks

NewsMarch 21, 2023997Views 2Likes 0Comments

U.S. President Joe Biden on Monday rejected a Republican proposal to prevent pension fund managers from basing investment decisions on factors like climate change, in the first veto of his presidency. “I just signed this veto because the legislation passed by the Congress would put at risk the retirement savings of individuals across the country,” Biden…

ECB and ESAs Call for Enhanced ESG Disclosure for Securitised Assets

NewsMarch 17, 20231KViews 2Likes 0Comments

This week the European Supervisory Authorities (ESAs), together with the European Central Bank (ECB) published a statement encouraging disclosure standards for climate-related data on securitised assets. The ECB and ESAS argue that there is a lack of climate-related data on the assets underlying structured finance products, posing an obstacle to the proper assessment of climate-related risks…

SEC Proposes XBRL for FOCUS Report

SEC Publishes Draft Open-End Taxonomy for Public Review

Draft 2023 Open-End Fund (OEF) Taxonomy Published

SEC Introduces XBRL for Private and Public Securities in Modernisation of Share Repurchase Disclosures

Biden Uses First Veto to Defend Rule on ESG Investing

Nature Risks Disclosure Framework Introduces Streamlined Metrics

FRC Welcomes Updated Green Finance Strategy

FCA Outlines Where Improvements Are Needed In ESG Benchmarks

ECB and ESAs Call for Enhanced ESG Disclosure for Securitised Assets

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