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SEC Requests Comment on Disclosure Requirements of Subpart 400 of Regulation S-K
Practical Law Legal Update w-003-2653 (Approx. 3 pages)
SEC Requests Comment on Disclosure Requirements of Subpart 400 of Regulation S-K
by Practical Law Corporate & Securities
| Published on 30 Aug 2016 • USA (National/Federal) |
The SEC has announced that it is seeking public comment on the disclosure requirements of Subpart 400 of Regulation S-K, including the requirements related to management, certain security holders, and corporate governance matters.
On August 25, 2016, the SEC announced that it is seeking public comment on the disclosure requirements of Subpart 400 of Regulation S-K, including the requirements related to:
- Management.
- Certain security holders.
- Corporate governance matters.
The request for comment is part of the SEC's:
- Disclosure effectiveness review, which is a broad-based staff review of the SEC's disclosure requirements, and the presentation and delivery of disclosures that companies make to investors. The SEC previously released a concept release seeking public comment on other subparts of Regulation S-K as part of its review (see Legal Update, SEC Issues Concept Release on Modernizing Disclosure Requirements in Regulation S-K).
- Work to implement the FAST Act, which, among other things, requires the SEC to conduct a study on Regulation S-K and eliminate provisions that are duplicative, overlapping, outdated, or unnecessary (see Legal Update, President Obama Signs the FAST Act, Codifying a New Resale Exemption and Creating Additional Accommodations for EGCs).
The SEC is accepting comments until October 31, 2016.