In Reg S-K Report, SEC Staff Recommends Comprehensive Review of Disclosure Regime

The staff of the Securities and Exchange Commission’s Division of Corporation Finance Dec. 20 recommended that the agency develop a plan to comprehensively review the disclosure requirements for registrants, including emerging growth companies.

In a report mandated by the Jumpstart Our Business Startups Act, the staff said a comprehensive review—as opposed to a more targeted approach—will allow the commission to achieve the “dual goals of streamlining requirements for companies, including emerging growth companies, and focusing on useful and material information for investors.”

In a statement, SEC Chairman Mary Jo White said the staff report provides a framework for reforming the ...