U.S. SEC to press ahead with updating company disclosure rules

“I have directed the staff to develop specific recommendations for updating the rules that dictate what a company must disclose in its filings,” SEC Chair Mary Jo White said in a statement. “We will seek input from companies about how we can make our disclosure rules work better for them and will solicit the views of investors about what type of information they want and how it can be best presented.” White announced her plans at the same time that SEC staff on Friday released a 106-page study that reviewed “Regulation S-K” which are the rules that set forth disclosure requirements other than financial statements for companies. That study was required by the Jumpstart Our Business Startups (JOBS) Act, a 2012 law that relaxes securities regulations to help small businesses raise capital and go public.

    

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