Demystifying the SEC’s XBRL Rules for BDCs and CEFs

Members of Dechert’s Permanent & Private Capital team and special guest speakers from Toppan Merrill took a deep dive into the SEC’s new XBRL rules applicable to business development companies (BDCs) and registered closed-end funds (CEFs). Whether your BDC or CEF has recently filed its first set of XBRL tagged SEC reports or will do so with its upcoming Form 10-Q/N-CSR filing, this is a webinar you don’t want to miss. Speakers provided practical advice on how members of your legal and finance teams can implement XBRL rules effectively and efficiently.

Who should watch? Legal and finance professionals responsible for handling SEC filings for BDCs and CEFs.

Topics covered included: 

• What is XBRL and why is the SEC expanding its use?
• SEC filing formats – EDGAR, XML and iXBRL – status and future trends 
• How the SEC staff uses XBRL? 
• How third parties like Bloomberg, Moody’s, hedge funds, investment banks, and the Big Four accounting firms use XBRL and for what purposes? 
• What is the Data Quality Committee and what does it do? 
• What is the legal liability for a BDC if it incorrectly tags financial information in its SEC reports? 
• Primer on the SEC’s BDC/CEFs XBRL rules 
• The role of financial printers and other third-party service providers in the XBRL tagging process 
• A nuts-and-bolts explanation of the XBRL tagging process

Guest Speakers:

• Mike Schlanger, Vice President, Soultion Sales, Toppan Merrill
• Guy Stanzione, SEC Compliance Services Director, Toppan Merrill
  

For questions, please contact Dechert Events.