Defining Issues | April 2016

SEC issues concept release on modernizing Regulation S-K

KPMG reports on potential future changes to Reg S-K disclosures. The Jumpstart Our Business Startups Act led SEC to seek comments in modernizing business and financial disclosures required by Regulation S-K.


SEC Release No. 33-10064

  • Company that files with the SEC subject to Regulation S-K

Relevant dates

  • April 13, 2016 – SEC issued concept release
  • July 21, 2016 – Comments deadline

Key impacts

  • While the SEC’s concept release does not immediately affect public company financial reporting, it may significantly impact future reporting
  • The SEC has yet to propose changes to financial reporting requirements, pending comments

Report contents

  • Disclosure framework
  • Information for investment and voting decisions
  • Presentation and delivery of important information



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