The SEC final amendments to require the use of the Inline eXtensible Business Reporting Language ("XBRL") format for certain reports were published in the Federal Register. As previously covered, the amendments mandate the use of the XBRL format for (i) operating companies submitting financial statement information and (ii) funds submitting risk/return summary information. The amendments will become effective on September 17, 2018.
The amendments will also remove the requirement for filers to post XBRL information on their websites and eliminate the existing 15-business day XBRL filing period for fund risk/return summaries.
Large accelerated filers must comply for fiscal periods ending on or after June 15, 2019. Accelerated filers must comply for fiscal periods ending on or after June 15, 2020. All other filers must comply for fiscal periods ending on or after June 15, 2021.
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