SEC/CORPORATE -

SEC Publishes Concept Release Regarding Business and Financial Disclosure -

On April 13, the Securities and Exchange Commission published a concept release, recommended by the SEC’s Division of Corporation Finance, regarding business and financial disclosure required by Regulation S-K. This concept release is part of a comprehensive disclosure effectiveness initiative recommended in the SEC staff’s report on review of disclosure requirements in Regulation S-K, which was required by the Jumpstart Our Business Startups Act (JOBS Act). In a statement at an open meeting to discuss the concept release, SEC Chair Mary Jo White noted that the recommendation “analyzes evolving business models, advancements in technology, and ongoing public dialogue on disclosure issues and seeks public input on how our business and financial disclosure requirements in Regulation S-K can best be modernized in the current context.”