Disclosure Effectiveness Initiative Continues To Move Forward

Today, the Commission proposed for comment amendments that are intended to eliminate redundant, overlapping, outdated or superseded disclosure requirements. The amendments, if adopted, would apply to SEC reporting companies, including foreign private issuers, as well as other entities regulated by the Commission, such as investment companies and broker-dealers. The comment period will remain open for 60 days following publication of the proposing release in the Federal Register.

The press release is available here: https://www.sec.gov/news/pressrelease/2016-141.html
The proposing release is available here: https://www.sec.gov/rules/proposed/2016/33-10110.pdf

Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.