SEC exempts broker-dealer and swap intermediary forms from Inline XBRL rules

The SEC has rolled back part of its own December 2024 Inline XBRL expansion, exempting a defined set of intermediary filings from machine-readable tagging. This segment covers which forms are affected, what remains in scope, and the Commission's stated rationale of cutting compliance cost without reducing investor protection.

• Relief applies to Form CA-1 (except Exhibit H), Form 1 (except Exhibit I), Form X-17A-5 Part III, Form 17-H, and SBS dealer annual compliance reports.
• The exempted requirements were originally adopted on December 16, 2024; Exhibit H and Exhibit I remain in scope.
• Chairman Atkins said the order reduces compliance costs without sacrificing investor protection, citing immaterial gains in data accessibility.