SEC proposes the use of Python and XML

[Ted Larson Freeman]

This week the SEC proposed new requirements for asset-backed
securities that include the use of XML and Python:

"The asset-level information would be provided according to proposed
standards and in a tagged data format using eXtensible Markup Language
(XML). In addition, we are proposing to require, along with the
prospectus filing, the filing of a computer program of the contractual
cash flow provisions expressed as downloadable source code in Python,
a commonly used open source interpretive programming language."

See:
http://www.sec.gov/news/press/2010/2010-54.htm
http://kelloggfinance.wordpress.com/2010/04/08/the-sec-gets-one-right

Ted

 

[Chris Rebert]

This week the SEC proposed new requirements for asset-backed
securities that include the use of XML and Python:

"The asset-level information would be provided according to proposed
standards and in a tagged data format using eXtensible Markup Language
(XML). In addition, we are proposing to require, along with the
prospectus filing, the filing of a computer program of the contractual
cash flow provisions expressed as downloadable source code in Python,
a commonly used open source interpretive programming language."

I guess we've now gone from "executable pseudocode" to "executable
legal code"

Cheers,
Chris

 

[Patrick Maupin]

This week the SEC proposed new requirements for asset-backed
securities that include the use of XML and Python:

"The asset-level information would be provided according to proposed
standards and in a tagged data format using eXtensible Markup Language
(XML). In addition, we are proposing to require, along with the
prospectus filing, the filing of a computer program of the contractual
cash flow provisions expressed as downloadable source code in Python,
a commonly used open source interpretive programming language."

See:http://www.sec.gov/news/press/2010/...rdpress.com/2010/04/08/the-sec-gets-one-right

Ted

Now all we need is for the IRS to follow suit...

 

[Terry Reedy]

This week the SEC proposed new requirements for asset-backed
securities that include the use of XML and Python:

"The asset-level information would be provided according to proposed
standards and in a tagged data format using eXtensible Markup Language
(XML). In addition, we are proposing to require, along with the
prospectus filing, the filing of a computer program of the contractual
cash flow provisions expressed as downloadable source code in Python,
a commonly used open source interpretive programming language."

Thanks for posting this. More jobs for Python programmers. And perhaps
better transparency in such investment vehicles.

See:
http://www.sec.gov/news/press/2010/2010-54.htm
http://kelloggfinance.wordpress.com/2010/04/08/the-sec-gets-one-right

To help anyone trying to verify this, the quote is a quote within the
blog post which seems to attribute it to the SEC press release. However,
it actually comes from

http://www.sec.gov/rules/proposed/2010/33-9117.pdf

the 'Additional Material' referenced within the press release.

Terry Jan Reedy