Friday, September 7, 2007
The SEC announced that NYSE Euronext is the first stock exchange to submit financial reporting information using interactive data, joining more than 40 public companies that are leading the way in making filings more accessible and understandable to investors. The SEC's voluntary interactive data filing program allows public companies to submit documents in eXtensible Business Reporting Language (XBRL) format as exhibits to periodic reports and investment company act filings. Participants in the program provide the SEC with feedback on benefits or deficiencies involved with submitting XBRL filings. The SEC staff, in return, provides expedited reviews of all of their registration statements and Form 10-Ks.