We are publishing this interpretive release to provide guidance regarding the use of company web sites under the Exchange Act and the antifraud provisions of the federal securities laws. We are soliciting comment on issues relating to company use of technology generally in providing information to investors.

Sample of IR Web Reports Online IR Trends Quarterly publication showing a few extracted pages.

We are proposing rules requiring companies to provide financial statement information in a form that would improve its usefulness to investors. Under the proposed rules, financial statement information could be downloaded directly into spreadsheets, analyzed in a variety of ways using commercial off-the-shelf software, and used within investment models in other software formats. The rules wou...

XBRL US believes that the market is ready for XBRL adoption on a wider scale. Our members stand ready with tools and services. We applaud the efforts of the SEC to improve the efficiency of the markets with corporate information that is faster to market and higher in accuracy and integrity.