Company and Organisational Data Explorer (CODEx)
Published: 19 October 2023
1 minute read
About the CODEx project
The FRC, supported by Companies House, FCA, The Charity Commission, HMRC and others, launched the Company & Organisational Data Explorer (CODEx) Project in September 2023 with the aim of accelerating the use of structured financial data. The project is funded by DSIT as part of the Regulators’ Pioneer Fund.
The CODEx project is investigating ways to make the XBRL data more usable, with an aim to build simple tools that allow access directly to the data, including:
- a public element being an iXBRL viewer (the Viewer) – a tool to display individual or a small number of iXBRL files, showing the tags in the context of the human-readable report; and
- a private element being a regulatory and agency toolkit (the Toolkit) – a series of data capability sessions to develop skills, blueprints, and tools for bulk data analysis.
Regulators' Pioneer Fund
In November 2022, BEIS awarded the FRC a grant of £796,000 via the Regulators’ Pioneer Fund to deliver CODEx. The RPF is a grant-based fund to enable UK regulators and local authorities to help create a UK regulatory environment that encourages business innovation and investment. The current £12m round is being delivered by the DSIT.