SEC simplifies disclosure requirements

Final Rule intended to reduce issuer compliance costs

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This New Developments Summary discusses the Final Rule, Disclosure Update and Simplification, recently issued by the SEC to streamline certain disclosure requirements. The Final Rule mainly applies to domestic issuers and foreign private issuers, though some amendments apply to other entities.

The amendments under the Final Rule are designed to reduce redundant, duplicative, or outdated disclosures due to changes in U.S. GAAP, IFRS Standards, or other Commission disclosure requirements, or simply due to the passage of time. We highlight one amendment that expands disclosures for interim-period changes in stockholders’ equity and noncontrolling interests.

As of this date, the Final Rule has not yet been published in the Federal Register, but it will go into effect 30 days after that publication. Read Grant Thornton’s New Developments Summary here to gain more insight into the SEC’s Final Rule, which updates and simplifies disclosure requirements.

Kendra Decker
SEC Regulatory Matters 
Washington, D.C.
T +1 202 521 1530