Matthew {Well|Nicely|Properly|Effectively}

OASIS Mailing Listing ArchivesView the OASIS mailing record archive below
or browse/search making use of MarkMail.SEC ANNOUNCES INITIATIVE TO Assess Advantages of TAGGED Information IN COMMISSION FILINGS
FOR Instant RELEASE
2004-97
Washington,Pandora Ring, D.C.,Tiffany Bracelet Heart, July 22, 2004 - The U. S. Securities and Trade Commission is assessing the advantages of tagged data and its potential for improving the timeliness and accuracy of financial disclosure and analysis of Commission filings.
The Commission will seek out public comment on choice strategies along with the charges and benefits linked with tagged info. Furthermore, the Commission will think about a personnel proposal to accept voluntary supplemental filings of monetary information employing eXtensible Organization Reporting Language (XBRL). This voluntary plan would allow the Commission workers to more investigate the sorts of information tagging currently offered while in the market. The Commission may propose a rule this drop that might, if adopted, create the voluntary plan beginning with all the 2004 calendar year-end reporting time.
SEC Chairman William H. Donaldson mentioned: "This initiative is portion of the Commissions broader hard work to boost the good quality of details accessible to investors and the market. By doing work to enhance the Commissions filing and disclosure procedure by way of the use of new data formats,Tiffany Verlobungsring, including tagged info, the Commission can increase how content is organized and analyzed - enhancements that may benefit everybody who utilizes the SECs public disclosure process."
The Commission has continuously sought to produce its submitting, info assortment and disclosure processes much more valuable for the investing public by way of, amongst other things, keeping tempo with technological adjust. This initiative is aimed at finding out:
* the benefits of tagging to reporting high quality and efficiency;
* the implications of tagging info for filers, investors, the Commission along with other market place participants; and
* the compatibility of existing tag definitions with existing disclosure requirements.
The Commissions Division of Corporation Finance,Tiffany Heart, Office of the Chief Accountant, Division of Purchase Management,Tiffany Diamond Rings, and Office of Info Engineering are operating together on this initiative.
Data tagging is gaining prominence as a format for enhancing monetary reporting info using eXtensible Mark-Up Language (XML) derivatives,Tiffany Wedding, including XBRL. Tagging provides greater context to info by way of regular definitions that turn text-based info, for example the filings presently contained inside the Commissions EDGAR program,Tiffany Style, into documents which can be more effectively and successfully retrieved, searched and analyzed by way of automated implies. Info tags identify info such as items incorporated in economic statements. This permits investors along with other marketplace participants to review info from diverse resources and permits for that automatic exchange of fiscal information across a variety of software package platforms, like net solutions.
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Contact:
Matthew Nicely,Cheap Pandora Charms, Director
SEC Workplace of Public Affairs
202/942-0020