Insight
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it had adopted amendments to simplify and update “disclosure requirements that have become duplicative, overlapping, or outdated” given changes in other disclosure requirements, US GAAP, or “changes in the information environment”.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.
