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or browse/search utilizing MarkMail.SEC ANNOUNCES INITIATIVE TO Assess Advantages of TAGGED Info IN COMMISSION FILINGS
FOR Immediate RELEASE
2004-97
Washington,
Tiffany And Co, D.C., July 22, 2004 - The U. S. Securities and Trade Commission is assessing the benefits of tagged info and its possible for bettering the timeliness and accuracy of fiscal disclosure and analysis of Commission filings.
The Commission will find public comment on choice approaches and also the charges and positive aspects linked with tagged data. Additionally, the Commission will take into account a workers proposal to acknowledge voluntary supplemental filings of fiscal information making use of eXtensible Business Reporting Language (XBRL). This voluntary system would enable the Commission workers to further examine the kinds of data tagging at the moment available inside the market. The Commission could propose a rule this drop that would,
Tiffany Co, if adopted, create the voluntary software starting with all the 2004 calendar year-end reporting season.
SEC Chairman William H. Donaldson said: "This initiative is part of the Commissions broader work to enhance the quality of data accessible to investors and the market. By working to enhance the Commissions filing and disclosure approach by way of the usage of new data formats,
Buy Pandora Bracelets, like tagged data, the Commission can enhance how content material is organized and analyzed - advancements that may advantage everybody who utilizes the SECs public disclosure procedure."
The Commission has continually sought to make its submitting, details collection and disclosure processes far more beneficial to your investing public by way of, amid other issues, maintaining tempo with technological transform. This initiative is aimed at identifying:
* the benefits of tagging to reporting quality and performance;
* the implications of tagging info for filers, traders,
Tiffany Glaskunst, the Commission as well as other market place participants; and
* the compatibility of existing tag definitions with present disclosure needs.
The Commissions Division of Corporation Finance, Office in the Chief Accountant, Division of Investment Management,
Tiffany Diamond, and Business office of Info Technological innovation are doing work collectively on this initiative.
Data tagging is gaining prominence being a format for enhancing fiscal reporting information employing eXtensible Mark-Up Language (XML) derivatives, including XBRL. Tagging supplies greater context to info via normal definitions that flip text-based data, like the filings at present contained inside the Commissions EDGAR program, into paperwork that may be a lot more effectively and effectively retrieved,
Diamond Tiffany, searched and analyzed by means of automated means. Data tags explain info including items provided in fiscal statements. This enables traders and other marketplace participants to evaluate information from different sources and allows for your automated exchange of fiscal data across numerous software platforms, like net providers.
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Contact:
Matthew Properly,
Pandora Clearance, Director
SEC Office of Public Affairs
202/942-0020
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