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SEC staff publishes C&DI clarifying compliance date of recently issued rule

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Sep 26, 2018

The staff in the SEC’s Division of Corporation Finance has released a compliance and disclosure interpretation (C&DI) related to the effective date of the SEC’s recently issued final rule, “Disclosure Update and Simplification.”

The SEC’s final rule was issued in August 2018 and is effective for all filings made 30 days after the date of its publication in the Federal Register. The C&DI states:

In light of the anticipated timing of effectiveness of the amendments and expected proximity of effectiveness to the filing date for most filers’ quarterly reports, the staff would not object if the filer’s first presentation of the changes in shareholders’ equity is included in its Form 10-Q for the quarter that begins after the effective date of the amendments.

For more information, see Question 105.09 of the Exchange Act Forms C&DIs on the SEC’s Web site.

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