U.S. Securities Law Briefing: SEC Adopts Numerous Small Amendments to Streamline Disclosure Rules

As part of its continuing “disclosure effectiveness” initiative, the U.S. Securities and Exchange Commission (the “SEC”) has adopted a number of small amendments to streamline its rules and forms. The amendments will become effective 30 days after they are published in the Federal Register.

The changes, most of which were adopted substantially as proposed in 2016, were primarily made to eliminate or amend requirements that were duplicative of or overlapping with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”), International Financial Reporting Standards (“IFRS”) or other SEC disclosure requirements. Some disclosure requirements were also deemed to be superseded by regulation or obsolete as a result of the passage of time or due to changes in the business or technological environment.

Learn more on the amendments that have been made.