SEC PROPOSES CHANGES TO REGULATION S-K

摘要

The U.S. Securities & Exchange Commission (SEC) announced in August 2019 that after a number of staff reports and recommendations, it wants to move to a more principles-based disclosure system for Regulation S-K Items 101(a) (description of the general development of the business), 101(c) (narrative description of the business), and 105 (risk factors). Many business groups pushed the SEC to adopt a more principles-based approach for these items after it published a concept release in 2016.