Defining Issues   |   August 2018
 

SEC simplifies and updates disclosure requirements

The SEC has adopted a rule to update and simplify certain disclosure requirements for the benefit of investors and issuers. The rule amends Regulations S-X, S-K, M-A, and AB as well as the Securities Act, the Exchange Act and the Investment Company Act.

Applicability

SEC Release No. 33-10532; 34-83875; IC 33203; File No. S7-15-16

  • Public companies
  • Other entities regulated by the SEC, including Regulation A issuers, registered investment companies, registered investment advisers, broker-dealers, and nationally recognized statistical rating organizations 

Relevant dates

Effective on November 5, 2018.

Key impacts

  • As part of its initiative to improve the disclosure regime, the SEC has adopted amendments to simplify the disclosure process for preparers while retaining information that is useful for investors to make decisions
  • Key facts and impacts
  • Why did the SEC amend its disclosure requirements?
  • What amendments did the SEC make?
  • KPMG observation

Report contents

  • Key facts and impacts
  • Why did the SEC amend its disclosure requirements?
  • What amendments did the SEC make?
  • KPMG observation

 

 

Receive timely updates on accounting and financial reporting topics.