SEC Amends Certain Financial Disclosure Requirements in Regulation S-K

The SEC has issued a final rule, Management’s Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information. The final rule would “modernize, simplify and enhance certain financial disclosures called for by Regulation S-K, and related rules and forms, in a manner that reduces the costs and burdens on registrants while continuing to provide material information to investors.” The amendments are intended to “improve the readability and navigability of disclosure documents, and discourage repetition and disclosure of immaterial information.”

For more information, see the press release and joint statement by SEC Commissioner Allison H. Lee and Caroline A. Crenshaw on the SEC’s Web site.