On March 22, 2021, the Securities and Exchange Commission (SEC) announced the release of the latest Risk/Return (RR) taxonomy. On that date, the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system began accepting filings using the new taxonomy but will continue to accept filings using the previous 2018 taxonomy.
This new taxonomy includes a few changes from the previous taxonomy:
- Removal of the previously deprecated concept RiskMoneyMarket
- Deprecation of the concept ExpenseExchangeTradedFundCommissions, which will be removed in the next taxonomy release
- Update to the definition for ExpenseNarrativeTextBlock
Using the latest taxonomy is recommended by the SEC, but does your software provider offer the latest SEC and EDGAR updates? Our Transform platform allows users to tag in the latest taxonomy as well as stays up-to-date on updates to the EDGAR validation rules and latest previewer releases to assure all filings comply with the latest changes. Contact us today to see how we can help you with your filings.