SEC Simplifies and Modernizes Certain Disclosure Requirements in Regulation S-K

The SEC has issued a final rule, FAST Act Modernization and Simplification of Regulation S-K.

The final rule is intended to "modernize and simplify certain disclosure requirements in Regulation S-K, and related rules and forms, in a manner that reduces the costs and burdens on registrants while continuing to provide all material information to investors." The overall purpose of the final rule is to increase the transparency of registrants' disclosures while eliminating "repetition and disclosure of immaterial information."

For more information, see Deloitte's related Heads Up newsletter as well as the press release and final rule on the SEC's Web site.