On August 17, the Securities and Exchange Commission announced that it had adopted amendments to simplify and update “disclosure requirements that have become duplicative, overlapping, or outdated” given changes in other disclosure requirements, US GAAP, or “changes in the information environment”. Nearly all of the changes relate to financial information that appears in various forms and rules, including those governing disclosure in Management’s Discussion and Analysis. The amendments are spelled out in a 314-page release and will become effective 30 days after publication in the Federal Register.
If you have any questions, please contact Gunster securities law and corporate governance practice leaders David Scileppi or Bob Lamm.
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This publication is for general information only. It is not legal advice, and legal counsel should be contacted before any action is taken that might be influenced by this publication.
About Gunster
Gunster, Florida’s law firm for business, provides full-service legal counsel to leading organizations and individuals from its 13 offices statewide. Established in 1925, the firm has expanded, diversified and evolved, but always with a singular focus: Florida and its clients’ stake in it. A magnet for business-savvy attorneys who embrace collaboration for the greatest advantage of clients, Gunster’s growth has not been at the expense of personalized service but because of it. The firm serves clients from its offices in Boca Raton, Fort Lauderdale, Jacksonville, Miami, Naples, Orlando, Palm Beach, Stuart, Tallahassee, Tampa Bayshore, Tampa Downtown, Vero Beach, and its headquarters in West Palm Beach. With more than 280 attorneys and consultants, and over 290 committed professional staff, Gunster is ranked among the National Law Journal’s list of the 500 largest law firms and has been recognized as one of the Top 100 Diverse Law Firms by Law360. More information about its practice areas, offices and insider’s view newsletters is available at www.gunster.com.
