SEC Waives XBRL Reporting Requirements for Select Firms

Background ContextThe Securities and Exchange Commission issued an order granting exemptive relief from certain Inline XBRL requirements adopted on Dec. 16, 2024. More specifically, the Commission is granting exemptive relief from filing or submitting the following in Inline XBRL format:

Eligible FirmsThe Commission has identified a set of firms that have demonstrated the ability to meet XBRL requirements without compromising investor protection and market integrity. These firms will be exempt from filing or submitting certain Inline XBRL reports.

Relief ScopeThe exemptive relief applies to the following Inline XBRL reports:

1. Form 10-K

2. Form 10-Q

3. Quarterly reports on Form 10-Q

4. Current reports on Form 8-K

5. Other reports that are required to be filed or submitted in Inline XBRL format

Key EntitiesThe Commission has identified the following firms as eligible for the exemptive relief:

1. A select group of publicly traded companies

2. Private companies that meet specific criteria

Narrative ThemeRegulatory Enforcement