During an open meeting on October 11, 2017, the Securities and Exchange Commission (SEC) voted to propose amendments to modernize and streamline the disclosure requirements for public companies, investment advisers, and investment companies under Regulation S-K as well as improve the readability and navigability of disclosure documents and discourage repetition and disclosure of immaterial information.
The SEC first began its evaluation of its disclosure requirements under Regulation S-K in December 2013, when it issued a report on its disclosure requirements, which was mandated by the Jumpstart Our Business Startups (JOBS) Act.
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