Track : BEST PRACTICES TRTF activity update Pierre HAMON 19 October 2010

1. 21st XBRL International Conference“One Language, Common Vision: Role of XBRL Technology in the Post Crisis Era19-21 October 2010Beijing, China Track : BEST PRACTICES TRTF activity update Pierre HAMON 19 October 2010

2. Agenda • TRTF charter • Taxonomies acknowledgement • Taxonomies approval • TRTF activity • TRTF processes • TRTF current members • TRTF next • Open session on the approval process

3. TRTF charter • The TRTF is responsible to the XBRL International Steering Committee (ISC) through the XBRL International Standards Board (XSB), exercising the powers delegated to it by the ISC for operating the taxonomy recognition process in respect of a particular taxonomy. • It pertains only to taxonomies recognized by XBRL International, and not to jurisdictions of XBRL International. [Such jurisdictions may have their own recognition processes which may or may not be modeled on these, at their discretion. Recognition by any such jurisdiction does not imply recognition by XBRL International].

4. Taxonomies acknowledged • Acknowledged Taxonomies are recognized by XBRL International as being in compliance with the XBRL Specification.  • Compliance is confirmed by testing a taxonomy in a defined range of XBRL applications which may be upgraded and changed from time to time.  • The Taxonomy Recognition process does not specifically address other issues such as ease-of-use or the completeness of accounting / reporting content.

5. TRTF activity - Ackowledgement • IFRS and extensions • International Financial Reporting Standards (IFRS), General Purpose Taxonomy 2008 • International Financial Reporting Standards (IFRS), General Purpose Taxonomy 2009 Owner: International Accounting Standards Committee Foundation (IASC Foundation).   The IFRS Taxonomy reflects the recent updates in the IFRSs and represents stable platform for future changes in the IFRSs. • MIX Microfinance Taxonomy    [January 21, 2010] Owner: Microfinance Information Exchange, Inc. Extends the IFRS Taxonomy 2009 in support of financial reporting by microfinance institutions.

6. TRTF activity - Ackowledgement • Local gaap • TaxonomieComptesAnnuels (TCA) (France)   [February 8, 2010] Owner: XBRL France This taxonomy provides accounting terms that are used in general purpose financial statements that are prepared in accordance with French Accounting Principles (French GAAP). Organizations using this taxonomy may need to extend this taxonomy. • Japan EDINET Taxonomy 2010   [June 4, 2010] Owner: Financial Services Agency, The Japanese Government (JFSA) Represents Japan Generally Accepted Accounting Principles (GAAP) • India Banking GAAP Taxonomy - 2010   [June 4, 2010] Owner: XBRL India Jurisdiction Represents Indian Generally Accepted Accounting Principles (GAAP) for financial statements of Banks. Banks using this taxonomy may need to extend taxonomy, if required. • Canadian Financial Reporting According to Canadian GAAP  [ June 17, 2010] Owner: XBRL Canada This taxonomy provides accounting terms that are used in general purpose financial statements that are prepared in accordance with Canadian Generally Accepted Accounting Principles (GAAP). Organizations using this taxonomy may need to add an extension taxonomy.

7. TRTF activity - Ackowledgement • Non financial • RSC - CCI Scoreboard for Corporate Social Responsibility Taxonomy 2010   [June 4, 2010] Owner: AsociaciónEspañola de Contabilidad y Administración de Empresas, AECA (the Spanish Association of Accounting and Business Administration www.aeca.es ). The CCI Taxonomy provides technological support for the generation, transmission and processing of Reports on the Corporate Social Responsibility activities and situation of companies and all types of entity, by using a Central Scoreboard of directly comparable indicators

8. Taxonomies approved • A taxonomy which is given Approved status by XBRL International must meet a number of quality criteria.  In summary, it must: • Comply with the Financial Reporting Taxonomies Architecture (FRTA) document, which is published in the Taxonomy Guidance section.   • Have been used to create a number of instance documents which confirm it adequately covers the data it purports to represent.  • Have been through a period of open review following initial Acknowledgement.  • The Taxonomy Recognition process does not specifically address other issues such as ease-of-use or the completeness of accounting/reporting content.

9. TRTF activity - Approval • Chinese taxonomies • CL China Listed Taxonomy (CLCID)   [March 26, 2010] Owner: Shanghai Stock Exchange (SSE) This taxonomy is intended to provide detail level financial and business terms that will be used in preparation of regular report for security companies in financial service industry. Terms in this Taxonomy are prepared in accordance with China Generally Accepted Accounting Principles (GAAP) and China Listed Company Information Disclosure Regulations. Organizations using this taxonomy may need to add an extension taxonomy. • China Fund Company Information Disclosure Taxonomy (CFCID)   [March 26, 2010] Owner: Shanghai Stock Exchange (SSE) Represents CN Fund Company Information Disclosure – Primary Terms

10. TRTF activity - Approval • Unites States taxonomies (2009 versions) • US GAAP Taxonomy 2009 Owner: XBRL US, Inc. Represents US Generally Accepted Accounting Practices (GAAP) as of December 2008, encompassing Financial Statements and Notes to the Financial Statements. • US Schedule of Investments Taxonomy 2008   [March 18, 2010] Owner: XBRL US, Inc. Represents a Schedule of Investments for any US GAAP investment holdings report and particularly those in the “Form and Content Schedules” of SEC Regulation S-X (17 CFR part 210). • US - Mutual Fund Risk Return Summary Taxonomy 2008   [March 18, 2010] Owner: XBRL US, Inc. Represents the US Mutual Fund Risk/Return Summary portion of SEC Form N‑1A according to the final rule 33‑8998.

11. Acknowledgement and approval processes • Definition of Taxonomy Recognition Process    • XBRL Taxonomy Recognition Process   November 17, 2007 •  Taxonomy Recognition • Instructions for Submitters of Financial Reporting Taxonomies • Acknowledgement   August 6, 2008 • Approval   August 6, 2008 • Compliance Statement   August 6, 2008

12. Request to TRTF for Acknowledgement Public Review Request Approval Appeal to ISC no yes TRTF Acknowledgement Refer back to owners Refer back to owners Review by XSB TRTF Approval Taxonomy validation no ISC rejects yes yes ISC Approval Acknowledgement and approval processes

13. Taxonomy validation • For acknowledgement: • Ensure completeness or taxonomy summary • Ensure taxonomy acknowledgement request documents are present • Validate taxonomy with two xbrl tools • Exchange within TRTF about members comments • Vote on acknowledgement

14. Taxonomy validation • For approval: • Ensure completeness or taxonomy summary • Ensure taxonomy approval request documents are present • Validate taxonomy with two xbrl tools • Review of documentation and requests to submitter • process for designing the taxonomy is fully documented • taxonomy adjustments after open review period are fully documented • FRTA validation exceptions are documented • Exchange within TRTF about members comments • Vote on approval

15. Current members • Yossef Newman (Deloitte, US), Chair • Member of the Best Practices Board • Peter Calvert • Eric E. Cohen (PWC, US) • XBRL Global Ledger WG, • XBRL Assurance Committee, • XBRL Taxonomy Architecture WG, • XBRL Reporting Processes Practice WG • Richard Day (PWC, Ireland) • Chair of XBRL Ireland • XBRL Rendering WG • Pierre Hamon (Consultant, France) • Member of the IFRS extensions WG at XBRL Europe • Makoto Koizumi (Consultant at Fujitsu, Japan) • Chair of the Best Practices Board • Campbell Pryde (Chief Standards Officer for XBRL US) • Member of the Standards Board • Hugh Wallis (XBRL Int.) Staff support

16. TRTF next • Proposed new policy • Works are in progress in order to update the acknowledgement and approval processes by adding: • More formalism in the documentation of the process at TRTF • Checklists to be prepared by submitters and reviewed by TRTF • Review delegated to one member with summary memo to other members • Call for new members • Lack of resources in view of acceleration of taxonomies submission and taxonomies complexity

17. Open session on the approval process • Value of Taxonomy Recognition Recognition of the taxonomy from the International Consortium that owns the XBRL Standard gives the author the ability to use that in their promotion of their taxonomy. • Levels of Recognition • Coverage of Each Recognition Level Acknowledgement will, at a minimum, indicate that all XBRL enabled tools should be able to process the taxonomy correctly and consistently. Approval provides an additional level of confidence for users that the taxonomy conforms to “best practices” thereby making it more likely to be widely accepted. • Cost Estimation No cost for Acknowledgement. For Approval there is no cost over and above the cost incurred by the submitter in preparing their submission. Their submission MUST contain a complete analysis of the Taxonomy’s conformance to FRTA following the model of that done for the US-GAAP taxonomy. • Preparation for Recognition No minimum number is stated in the TRP – a subjective judgment will be made as to the adequacy of the coverage provided by the instance documents provided. It is suggested that continuing dialogue take place with the TRTF on this matter during the preparation of the submission to ensure a satisfactory result. • Taxonomy recognition for Taxonomy Maintenance Phase This requires further discussion by the TRTF