Aelerating the modernisation of securities regulation in the Gulf region,Kuwait’s CMA announced details of its soon to be released XBRL reporting platform,iFSAH,at a nference in Kuwait City on Sunday.The solution,to be delivered later this year,has been piloted with a significant number of listed mpanies,receiving very good initial feedback.

iFSAH will assist Kuwait in providing markets with mprehensive,reliable,timely and aurate data about public mpanies,enhancing transparency and improving mparability and aessibility.The initial system will use “smart templates”,customised for the reporting obligations of specific licensed rporate Financial Reporting will initially use the IFRS 2016taxonomy,with a range of additional reporting requirements for broker dealers and funds managers being developed separately by the regulator.

XBRL International CEO,John Turner,who was a guest speaker at the CMA nference,described the importance of llaboration between regulators and industry to a large crowd of market participants and listed firms.He also outlined the opportunities that XBRL based structured

Project Manager,Abdullah Al-Terkait from the CMA presented a range of details about the project,including its significant use of XBRL formula to help manage data quality,and sketched out the future shape of data llection and dissemination in the untry.

Project Director Dr Al Ramadhan,meanwhile,moderated an active stream of questions to the panel from the audience.

It is hoped that the CMA project will be the start of a much broader digitisation effort in Kuwait.

Authority introduces XBRL based reporting at nference。

中文新闻：科威特将启用XBRL报告平台