INFINITUM joins the ranks of users in XBRL jurisdiction

INFINITUM Asset Servises has joined the ranks of users in the XBRL jurisdiction. Thus, the company has an opportunity to participate in working groups of the jurisdiction (methodological, technological and those related to regulatory requirements and educational communications) and contact directly with suppliers, consumers and experts in the field of XBRL and data management. The cooperation with the jurisdiction allows the market players to access the knowledge base concerning the practice and plans of XBRL application in Russia as well as the information related to the interaction of the Autonomous Non-Profit Organization “XBRL Centre” with other local and international organizations.

XBRL International (https://www.xbrl.org/) is an international organization developing and providing access to technical standards (specifications) of XBRL. XBRL International joins more than 550 participants (members) including both separate companies (direct participants) and their associations and public authorities which centrally represent the interests of separate companies of the respective countries in relationship with XBRL International.

On November 30, 2017, the Ministry of Justice of the Russian Federation registered the permanent jurisdiction of XBRL in Russia as an independent legal entity in the form of an autonomous non-profit organization “Centre for Integration and Development of XBRL Format”. The supervisory board of the XBRL jurisdiction includes officers of the Bank of Russia and federal executive authorities (Russian Ministry of Communications and Mass Media, Ministry of Economic Development and Ministry of Finance).