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SEC proposes disclosure-related updates and simplification

  • SEC document Image

Jul 13, 2016

The SEC has issued a proposed rule, “Disclosure Update and Simplification.”

This proposed rule would “eliminate redundant, overlapping, outdated, or superseded provisions, in light of subsequent changes to Commission disclosure requirements, U.S. Generally Accepted Accounting Principles (U.S. GAAP), International Financial Reporting Standards (IFRS), and technology.” The Commission is issuing this proposal as part of its overall efforts to improve disclosure effectiveness as well as to implement certain provisions of the Fixing America’s Surface Transportation Act.

Comments are due 60 days after the date of the proposal’s publication in the Federal Register. For more information, see Deloitte's related Heads Up newsletter as well as the press release and proposed rule on the SEC’s Web site.

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