On December 15th, the SEC announced that it adopted rule amendments related to the settlement cycle for most broker-dealer transactions, the processing of institutional trades by broker-dealers and certain clearing agencies, and certain record maintenance requirements applicable to registered investment advisers. For further details, see the Shortening the Securities Transaction Settlement Cycle final rule.
Under the adopted amendments, clearing agencies that provide a central matching service are required to tag information in the newly required annual reports regarding straight-through processing to be filed in the EDGAR system in Inline XBRL. The new elements needed to tag these disclosures are included in the new draft Self-Regulatory Organizations (SRO) taxonomy. A draft version of the SRO taxonomy and the accompanying files are available on the SEC’s website.
Interested parties may email comments related to the Draft 2024 SRO Taxonomy to StructuredData@sec.gov through February 15, 2024, with “Draft 2024 SRO Taxonomy” as the subject.
Source:
Draft 2024 Self-Regulatory Organizations (SRO) Taxonomy (sec.gov)
Shortening the Securities Transaction Settlement Cycle (sec.gov)
