U.S. SEC proposes rule changes to company legal, risk factor disclosures
Reuters
Published Aug 08, 2019 10:03PM ET
SEC proposes rule changes to ease company disclosure compliance
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Thursday proposed changing the rules governing how publicly-traded companies disclose business, legal, and risk factors in regulatory filings in a bid to ease their compliance burden.
The proposal aims to improve readability of disclosures companies provide investors in regulatory filings while discouraging companies from including repetitive or non-material information, the SEC said.
The proposed changes to so-called Regulation S-K are subject to a 60-day public comment period. They are part of a broader effort by SEC Chairman Jay Clayton to modernize and in places ease the agency's regulatory regime for listed companies.
"The world economy and our markets have changed dramatically in the more than 30 years since the adoption of our rules for business disclosures by public companies," Clayton said in a statement. "Today’s proposal reflects these significant changes."
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.