SEC Establishes Joint Data Standards Under FDTA

• According to an SEC press release, the SEC established joint data standards under the Financial Data Transparency Act of 2022.
• The standards are designed to promote interoperability of financial regulatory data across the agencies by establishing common identifiers for entities, geographic locations, dates, and certain products and currencies.
• The joint standards include a principles-based approach to data transmission and schema and taxonomy formats, allowing financial institutions to submit high-quality, machine-readable data to the agencies.
• The final rule establishes technical standards for data submitted to certain financial regulatory agencies.
• The press release announcing the action was numbered 2026-53 and dated June 8, 2026.

Joint Standards Aim to Improve Data Interoperability

The standards are designed to promote interoperability of financial regulatory data across the agencies by establishing common identifiers for entities, geographic locations, dates, and certain products and currencies.

SEC Establishes Joint Data Standards Under FDTA

The final rule establishes technical standards for data submitted to certain financial regulatory agencies.

Agencies Expected to Act on the Standards

• Federal Deposit Insurance Corporation has established or is expected to act on establishing the joint standards.
• Federal Housing Finance Agency has established or is expected to act on establishing the joint standards.
• Department of the Treasury has established or is expected to act on establishing the joint standards.
• National Credit Union Administration has established or is expected to act on establishing the joint standards.
• Commodity Futures Trading Commission has established or is expected to act on establishing the joint standards.
• Consumer Financial Protection Bureau has established or is expected to act on establishing the joint standards.
• Board of Governors of the Federal Reserve System has established or is expected to act on establishing the joint standards.
• Office of the Comptroller of the Currency has established or is expected to act on establishing the joint standards.

Officials Comment on the Announcement

The establishment of joint data standards across federal financial regulators will help ensure consistent data collection that will both ease burdens for financial institutions and make data more accessible to investors.

— Paul S. Atkins, SEC Chairman

This action is a first step towards implementing the Financial Data Transparency Act across federal financial regulatory agencies.

— Mark T. Uyeda, SEC Commissioner

Technical Scope of the Standards

The joint standards include a principles-based joint standard with respect to data transmission and schema and taxonomy formats, which would allow financial institutions to submit high-quality, machine-readable data to the agencies.

The announcement was made in a press release dated June 8, 2026, identified as release number 2026-53.