; (II) appropriate to safeguard the public interest; or (III) directed at ensuring that investors are informed in accordance with the findings described in section 4; and (3) establish how and where the required disclosures shall be addressed in the annual financial filing of a covered issuer. (b) Formatting The Commission shall— (1) require covered issuers to disclose information in an interactive data format; and (2) develop standards for the format described in paragraph (1), which shall include electronic tags for information that the Commission determines is— (A) necessary; (B) appropriate to safeguard the public interest; or (C) directed at ensuring that investors are informed in accordance with the findings described in section 4. (c) Periodic update of rules The Commission shall periodically update the rules issued under this section to ensure that the rules further the findings described in section 4(2). 7. Compilation of information disclosed The Commission shall, to the maximum extent practicable— (1) make a compilation of the information disclosed by issuers pursuant to subsection (s) of section 13 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m ), as added by section 5, publicly available on the website of the Commission