On June 28, 2018, the SEC voted to adopt amendments to the XBRL reporting requirements that would require registrants to use the Inline XBRL format for the submission of financial statement information and fund risk/return summary information.

On June 28, 2018, the SEC held an open meeting in which they presented several final, approved rules and new rule proposals. Taken together, these changes represent progress toward many of the Commission’s priorities.

On June 19, 2018, the SEC published a draft strategic plan that focuses on investors, innovation, and performance as top strategic goals in the coming years. This draft will guide the SEC’s policies and priorities through fiscal year 2022.

On May 31, 2018 the XBRL US Center for Data Quality has released the sixth set of rules to provide guidance and aid for issuers in identifying errors in their XBRL SEC filings. The Data Quality Committee rules aim to help filers limit mistakes and avoid data inconsistencies that can adversely affect analysis of reported financial information. The sixth release of rules includes guidance for issuers using either the US-GAAP or IFRS taxonomies.

XBRL US is seeking input from SEC-registered public companies as to the possibility of using XBRL for earnings announcements, either for a press release or a Form 8-K filing of an earnings announcement.

On June 5, 2018, the SEC voted to improve the experience of investors who invest in mutual funds, exchange-traded funds, and other investment funds by releasing the Investment Company Disclosure and Delivery Rulemaking Package. This package contains three separate but related releases that are part of a long-term project led by the Division of Investment Management to explore the modernization of the design, delivery, and content of fund disclosures.