On July 1, 2024, the EDGAR system was upgraded to Release 24.2, which now accepts the Security-Based Swap (SBS) taxonomy and supports the 2024 version of the International Financial Reporting Standards (IFRS) taxonomy.
The 2024 version of the IFRS taxonomy is the same taxonomy version that the International Accounting Standards Board made available in March 2024. The recently added Security-Based Swap taxonomy includes the elements needed for tagging certain exhibits to Form SBSEF. The additional elements are part of the Security-Based Swap Execution and Registration of Security-Based Swap Execution Facilities final rule. A new version of the Filing Fee Disclosure (FFD) taxonomy has been added as part of Release 24.2, and the only change to the latest version is that the length of the “Security Class Title” field in the iXBRL Filing Fee exhibit has been extended to 250 characters.
As part of the upgrade to Release 24.2, the 2022 versions (including quarterly releases) of the following taxonomies will no longer be accepted in the EDGAR system:
- Closed-End Fund (CEF)
- Countries (COUNTRY)
- Currencies (CURRENCY)
- Document and Entity Information (DEI)
- Executive Compensation Disclosure (ECD)
- Exchange (EXCH)
- Fund (FND)
- International Financial Reporting Standards (IFRS)
- North American Industry Classification System (NAICS)
- SEC Reporting Taxonomy (SRT)
- Standard Industrial Classification (SIC)
- Sub-National Jurisdiction (SNJ)
- State and Province (STPR)
- US Generally Accepted Accounting Principles (GAAP)
- Variable Insurance Product (VIP)
For more information, visit the Standard Taxonomies webpage on sec.gov for a complete listing of supported standard taxonomies. The staff strongly encourages companies to use the most recent version of taxonomy releases for their XBRL filings to benefit from the most current tags related to new accounting standards and other improvements.
Source:
2024 XBRL Taxonomies Update (sec.gov)
