Situation november / december DRAFT Emile Bartolé CEN/WS XBRL: Improving transparency in financial and business reporting CWA2 Situation 1CWA2

Objectives of CWA2 Dual objective of CWA2: standardize The way of submitting instances, a container with standardized Encryption Digital signature Compression … The way of transmitting the usual metadata that determine the context of an xbrl reporting instance the sender of the document contact details date and time of submission … Page 2CWA2

Workflow 1. Submission container 2. Feedback container Submission container Declarer Regulator Feedback container Declarer Regulator

Container structure Compression / packaging: zip Signature: XAdES-EPES Encryption: XML Encryption Page 4 Signature Encryption Zip File-1 … File-n

Container structure No standard naming convention applies to the files (neither to the container nor to the XBRL instances in the container) Multiple compression packages per security envelope (encryption, signature) are allowed (e.g. for a consolidated reporting for several entities of a group that requires cross-verification) Page 5 Signature Encryption Zip File-1 … File-n Zip File-1 … File-n Zip File-1 … File-n …

Submission container Multiple XBRL instance documents packed with one xml header file Header is the only file with a naming convention: “header.xml”; it is located on top-level of the compression package Header lists xbrl instances contained in the container Instances should always have extension.xbrl Use of folders is optional; in case they are used, all references (in header to XBRL instances; in XBRL instances to taxonomy files) must respect them. Folder names used here (“Instances”, “Taxonomy”) are given as examples Taxonomy files are optional (they are normally unnecessary and would only be used in case taxonomy extensions by the reporter became allowed in Europe) Authorities may define “their” naming convention (files, folders) Page 6 Package & Compress (zip) Signature (XADES-EPES) header.xml Instances instance1.xbrl instance2.xbrl … instancen.xbrl Taxonomy taxonomy-file1.xml |.xsd taxonomy-file2.xml |.xsd … taxonomy-filen.xml |.xsd Encryption (XML Encryption)

Feedback container One XML feedback file per XBRL instance in the original submission container Feedback files will be generated systematically, even if no errors at validation time occurred (also positive acknowledge) The XML schema for the feedback files will contain a hash code for the original file guaranteeing non- repudiation of the submitted XBRL instances The feedback file will have the same name as the original instance it refers to (but with extension.xml instead of the original.xbrl) Folder name used here (“Feedback”) is given as an example Package & Compress (zip) Signature (XADES-EPES) Feedback instance1.xml instance2.xml … instancen.xml Encryption (XML Encryption) Page 7

Industry standard.zip compression PPNOTE.TXT Minimum 2.0 version No maximum defined by standard, but potentially defined by receiving authority Page 8CWA2 Compression

Compliant with European Directive 1999/93/EC Built on XML digital signature (W3C). The most flexible signature supported by the directive Allows the addition of one (or more) compression package(s) to a container Must contain the signer’s digital X.503 v3 certificate. Long terms validation is not needed, as signature will be validated in a limited time-frame. Produces an XML output Page 9CWA2 Signature: XADES-EPES

XAdES (XML Advanced Electronic Signature) is build on XML digital signature (w3c). XAdES-BES: XAdES – Basic Electronic Signature. Satisfies the legal requirements for electronic signature, as defined in the European Directive on Electronic Signatures, providing basic authentication and integrity protection XAdES-EPES: XAdES – Explicit Policy-based Electronic Signature. Extends XAdES-BES, incorporating a signed attribute indicating the signature policy that shall be used to validate the electronic signature. Page 10CWA2 Signature selected: XAdES-EPES

Standard W3C XML compression Page 11CWA2 W3C XML encryption

Header approaches Decisions of the F2F end october in Madrid: Header will be a separate XML instance No integration with XBRL (no extension of or integration with any XBRL taxonomy) One header for multiple XBRL instances Support of initial & subsequent update submissions (corrections) Direct import of the core business vocabulary into the draft header taxonomy

Header Orientations Types of header fields CWA2Page 13 Type of fieldWay of dealing with it Related to filing instance reportsIntegrated into the header XML schema Transport relatedNot in the scope of the header taxonomy, this should be part of the submission / transport system used Data relatedNot in the scope of the header taxonomy, this should be part of the data taxonomy

Initial & update submissions Support of initial & subsequent update submissions (corrections) Flag in header toggles between initial and update containers “An authority allowing the sending of update containers is required to provide the necessary mechanisms to ensure that in spite of the possibility of the failure of content-related validations on the update container itself, the combination of the latest initial container with all subsequent update containers guarantees the full respect of all content-related validations as defined in the taxonomies and an adequate error handling.” Container (initial) File 1 … File n Container (update) File 1 … File n Container (update) File 1 … File n Container (initial) File 1 … File n t Container (update) File 1 … File n

Thanks for your attention Page 15 Comments or questions? CWA2