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2023 XBRL Taxonomies Update

March 21, 2023

On March 20, 2023, the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system was upgraded to Release 23.1 and now supports the 2023 taxonomies listed below. Each 2023 taxonomy will be compatible only with other 2023 taxonomies, with the exception of the International Financial Reporting (IFRS) taxonomy.[1] Other than this exception, if a filer attempts to use a 2023 taxonomy in conjunction with an earlier version of another taxonomy in the same filing, the filing will be suspended.

With this release, the Executive Compensation Disclosure (ECD) taxonomy now includes the elements needed for tagging disclosures required by the Commission’s final rule on Insider Trading Arrangements and Related Disclosures. The 2023 U.S. Generally Accepted Accounting Principles (GAAP) Financial Reporting taxonomy and the 2023 SEC Reporting Taxonomy reflect the same taxonomy versions that the Financial Accounting Standards Board made available on its website on December 16, 2022.

The other 2023 taxonomies listed below are the final versions of the draft taxonomies posted by Commission staff for public comment on November 4, 2022. Refer to the final 2023 taxonomies’ Release Notes for details of the changes.

  1. Closed-End Fund (CEF)
  2. Countries (COUNTRY)
  3. Currencies (CURRENCY)
  4. Document and Entity Information (DEI)
  5. Executive Compensation Disclosure (ECD)
  6. Exchanges (EXCH)
  7. North American Industry Classification System (NAICS)
  8. Risk/Return (RR)
  9. Standard Industrial Classification (SIC)
  10. State and Province (STPR)
  11. Variable Insurance Product (VIP)

The staff does not anticipate the removal of the 2021 versions of any taxonomies to occur before June 2023. Please see for a complete listing of supported standard taxonomies.

The staff strongly encourages companies to use the most recent version of taxonomy releases for their XBRL filings to take advantage of the most up-to-date tags related to new accounting standards and other improvements. Filers should consider transitioning to the 2023 taxonomies for the earliest reporting period that ends on or after March 20, 2023, but not for reporting periods that end before March 20, 2023. As noted above, prior versions of taxonomies other than the IFRS taxonomy are not compatible with the 2023 taxonomies.

[1] The 2023 version of the IFRS taxonomy is not yet available. Until the 2023 version of the IFRS taxonomy is available, earlier versions of the IFRS taxonomy accepted in EDGAR will be compatible with the 2023 versions of other compatible taxonomies.

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