Chile

On 17 November 2008 the Superintendencia de Valores y Seguros (securities and insurances superintendency, SVS) published the final version of the Taxonomy-CI-CL SVS.  The launch of the taxonomy follows two public briefings held by the SVS on 4 November 2008 to inform and advise companies on the implementation and adoption of XBRL for financial reporting under IFRS.  Plans for an interactive online platform (to be made available in 2009) were also announced.

India

Following the implementation of Online Returns Filing System (ORFS), on 6 October 2008 the Reserve Bank of India (RBI) launched Basel II,an XBRL reporting system to be used by commercial banks for all major filings. The decision follows the extensive 2007 pilot study overseen by the High Level Steering Committee, whose representatives included the RBI, the Institute of Chartered Accountants of India (ICAI) , the Indian Banks' Association, commercial banks and the software industry.

In October 2008 XBRL India, under the leadership of the ICAI, published the final version of the General Purpose Financial Reporting XBRL Taxonomy for Commercial and Industrial Companies (C&I).  Based on Indian GAAP and the architecture of the IFRS Taxonomy 2006, this taxonomy was published as final in October 2008.  XBRL India has a number of other initiatives: the update of the India Taxonomy C&I to the architecture of the latest IFRS taxonomy, and the development of a taxonomy for the financial sector.  XBRL is already implemented at the two largest Indian stock exchanges (Bombay and National ).

United Arab Emirates

On 2 March 2009 XBRL International, Inc. announced the joining of  XBRL-United Arab Emirates (XBRL-UAE) to the global consortium to support its efforts to adopt XBRL as the worldwide business reporting standard.  XBRL-UAE is the 29th international XBRL jurisdiction to be established.

Europe

XBRL is crucial to some recent initiatives by the European Commission (EC), mainly focused on simplification and on the global financial and economic crisis:

Stoiberg Group, July 2008 - aiming to promote e-gov and identify best practices in IT use in order to enable the EU to contribute to international and multi-national initiatives.  The group are encouraging the Commission (and Member States) to consider a 'pull model - once only';

European Parliament (EP) resolution of 21 May 2008 - a call for the EC to encourage Member States to harmonise the classification of financial information and promote the use of new technology, such as XBRL;

Council meeting of 7 November 2008 - aiming to promote common standards between financial centres, more transparency and comprehensive information systems, and reformed multilateral surveillance.

On 26 January 2009 the EC announced plans to revise the operational framework and decision-making processes of the Committee of European Securities Regulators (CESR), Banking Supervisors (CEBS) and Insurance & Occupational Pensions Supervisors (CEIOPS ).  Seeking to safeguard financial stability by improving supervisory co-operation, the decision also proposes the establishment of a Community programme to provide direct funding to those committees and to key international and European financial reporting and auditing standard-setting bodies, namely the IASC Foundation, the European Financial Reporting Advisory Group (EFRAG) and the Public Interest Oversight Body (PIOB).  The contributions total EUR 36.2 million and are to be distributed between 1 January 2010 and 31 December 2013.  The proposal is now in the co-decision procedure for approval by the EP and the Council.

On 17 February 2009 the Committee of European Banking Supervisors (CEBS) published its 2009 work plan outlining its priority activities to establish the framework for harmonised supervisory reporting by 2012, in conjunction with the CEIOPS.  These priority activities included developments to both the COREP (COMmon REPorting) and FINREP (FINancial REPorting) taxonomies.

France

XBRL France has developed the Taxonomie Comptes annuels (TCA) which is currently being validated by the Conseil national de la Comptabilité (CNC), the French national council for accounting.  XBRL France hopes that the TCA will be adopted as the taxonomy for French GAAP, for use in social accounts reporting.

In February 2009 a new online portal, i-greffes.fr, was launched by Infogreffe, the French companies registrar.  Though online filing has been available since June 2007, the new portal provides much more functionality (including the generation of XBRL-format reports) and represents a major step towards compliance with the ministerial directive calling for the electronic filing of financial statements. It is hoped that an estimated 800,000 annual accounts will be posted

in XBRL format via the portal, thus improving the quality and accessibility of legal information for French companies.

On 30 December 2008 the exposure draft of the Taxonomie Système Unifé de Reporting Financers (SURFI) was published, containing 2,000 elements and 23 dimensions.  Initially launched in June 2007as a major project by the Banque de France, the SURFI taxonomy is seen as an important step towards improving the system of collecting financial information.  The taxonomy is regarded as 'unified' because it will be used by both prudential supervisors and statisticians when providing financial data to the European Central Bank, and also because it allows COREP and FINREP reporting.  The first reports generated using the taxonomy are expected from June 2010.

Italy

On 15 December 2008 the Italian XBRL Association released the taxonomy for Italian GAAP, developed by a working group co-ordinated by InfoCamere and including XBRL Italy, the Consiglio Nazionale Dottori Commercialisti ed Esperti Contabili (the national professional and accounting association) and the University of Trento.

On 27 February 2009 the Italian Official Gazette published the decree signed by the President of the Council of Ministers  (Presidente del Consiglio dei Ministri Italiano) for the transmission of annual accounts in editable electronic format (XBRL criteria) to Business Register (1,200,000 annual accounts 2008) mandatory.