SEC proposes the use of Python and XML

[Chris Rebert]

On Sat, Apr 10, 2010 at 9:13 PM, Ted Larson Freeman
<freeman at alumni.stanford.org> wrote:
> 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
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