FASB Issues Proposed Update for Future Version of U.S. GAAP Financial Reporting Taxonomy Related to Proposed ASU on Equity Securities Subject to Contractual Sale Restrictions

1. Home
2. Newsroom
3. What's New
4. FASB Issues Proposed Update for Future Version of U.S. GAAP Financial Reporting Taxonomy Related to Proposed ASU on Equity Securities Subject to Contractual Sale Restrictions

FASB Issues Proposed Update for Future Version of U.S. GAAP Financial Reporting Taxonomy Related to Proposed ASU on Equity Securities Subject to Contractual Sale Restrictions

The Financial Accounting Standards Board (FASB) has published a proposed update for the future* version of U.S. Generally Accepted Accounting Principles (GAAP) Financial Reporting Taxonomy related to the Proposed Accounting Standards Update (ASU) on Fair Value Measurement (Topic 820) - Investment Companies with Equity Securities Subject to Contractual Sale Restrictions. The proposed taxonomy update would include reference modifications, new elements for ASU identification, and deprecation for guidance that is no longer applicable. The public comment period on the proposed update ends on July 17, 2026.

Comments should be . The SEC staff encourages filers, investors, analysts, software service providers, and other interested parties to participate in this public review to continue to improve the process for creating and using eXtensible Business Reporting Language (XBRL)-structured financial statements.

Only annual compilations of the U.S. GAAP Financial Reporting Taxonomy that are specified on the Commission's website may be used in SEC XBRL submissions. The availability for public comment of the proposed U.S. GAAP Financial Reporting Taxonomy update does not indicate Commission approval of any potential regulatory changes related to the Electronic Data Gathering, Analysis and Retrieval (EDGAR) Filer Manual. Please refer to the SEC's EDGAR Filer Manual webpage for updated information on when the Commission approves changes, if any, related to the EDGAR Filer Manual.

* The taxonomy version for proposed updates related to proposed Accounting Standards Updates will be determined based on the effective date of each final Accounting Standards Update.

Last Reviewed or Updated: July 8, 2026