SEC Realigns Disclosure Program

The SEC’s Division of Corporation Finance (the “Division”) has realigned its disclosure program to “promote collaboration, transparency and efficiency.”

To help achieve these objectives, the Division is creating four new groups tasked with (1) disclosure review, (2) specialized policy and disclosure, (3) risk and strategy, and (4) assessment and continuous improvement. In addition, the number of Division review offices has decreased from 11 to 7. Companies will continue to be assigned to a review office on the basis of their “principal industry focus.”

For more information, see the announcement on the SEC’s Web site.