TheCorporateCounsel.net

According to the December 2024 Semi-Annual Report to Congress Regarding Public and Internal Use of Machine-Readable Data for Corporate Disclosures, there are currently 55 forms, schedules and statements containing disclosures required under Securities Act Section 7 and Exchange Act Section 13 or 14 and approximately 75% of those require some machine-readable data. Compliance with all of these tagging requirements — like the new insider trading policy disclosure required by Item 408(b) of Regulation S-K and cybersecurity disclosures required Item 106 of Regulation S-K (which just became subject to Inline XBRL tagging requirements after a one-year phase in) — is important because missing them has consequences.

We’ve posted a new checklist to assist you in this effort. Our “Checklist: Corporate Disclosures Tagged in Inline XBRL” includes the list of corporate disclosures required to be tagged in Inline XBRL identified on an individual form, schedule and statement basis — pulled from the appendix to the SEC’s Semi-Annual Report to Congress. Pulling this existing list as a form-check tool was a no-brainer, but we’ll endeavor to pull our weight around here and update this more often than semi-annually.

– Meredith Ervine