United States

Proposed amendments to disclosure requirements


As part of its Disclosure Effectiveness Initiative, the SEC recently issued Release No. 33-10110, Disclosure Update and Simplification. This Release proposes amendments to certain disclosure requirements that may have become redundant, outdated or superseded, in light of other SEC disclosure requirements, U.S. generally accepted accounting principles (GAAP), International Financial Reporting Standards or changes in the information environment. The proposal also solicits comment on certain SEC disclosure requirements that overlap with, but require information incremental to, U.S. GAAP to determine whether to retain, modify, eliminate or refer them to the Financial Accounting Standards Board for potential incorporation into U.S. GAAP. The Release is available for comment for 60 days after publication in the Federal Register.