On September 18th, the SEC published the draft of the 2025 updates to its reporting taxonomies, including updates within the annual review and update process for all SEC taxonomies accepted in the EDGAR system. The Draft 2025 Release Notes provide more information related to specific changes in the 2025 update.
The Draft Taxonomy Files are available on sec.gov for the public to review and comment. To enhance the process for creating and using structured filings, the SEC encourages filers, investors, analysts, software service providers, and other interested parties to review and provide technical feedback on the taxonomies via email to StructuredData@sec.gov through 4 p.m. EST on November 18, 2024. Emails should include “Draft 2025 SEC Taxonomies” as the subject.
The availability of the draft 2025 update to the SEC taxonomies does not indicate SEC acceptance of any potential regulatory changes. The taxonomies will be subject to SEC approval when the public comment period has concluded and feedback has been considered. Please refer to the SEC’s EDGAR webpage for updated information on any SEC-approved changes related to the EDGAR Filer Manual. Any transition guidance will be available on the standard taxonomies page.
As always, the GoFiler Suite will be ready with support for the 2025 SEC taxonomies once they are released in their final form. Check back here at the blog at novaworks.com for more information.
Sources:
Draft 2025 SEC Taxonomies (sec.gov)
Draft Taxonomy Files (sec.gov)
Draft 2025 Release Notes (sec.gov)
