SEC Eliminates Redundant Disclosure Requirements

On August 17, 2018, the U.S. Securities and Exchange Commission (SEC) announced that it had adopted a wide-ranging set of amendments (the "amendments") to its disclosure requirements designed to streamline or eliminate those that have become redundant, duplicative, overlapping, outdated, or superseded over time as a result of evolving requirements, changes to U.S. Generally Accepted Accounting Principles (GAAP) or changes in the overall information environment. The amendments reflect the SEC's ongoing effort to modernize and streamline public company disclosure, as required by Section 72003 of the Fixing America's Surface Transportation Act and reflected in the SEC's concept release regarding Business and Financial Disclosure Required by Regulation S-K.