SEC updates and simplifies disclosure rules

The Securities and Exchange Commission has published a final rule [83 FR 50148] amending certain of its disclosure requirements that have become redundant, duplicative, overlapping, outdated, or superseded, in light of other Commission disclosure requirements, U.S. Generally Accepted Accounting Principles, or changes in the information environment. The amendments are intended to facilitate the disclosure of information to investors and simplify compliance without significantly altering the total mix of information provided to investors. The amendments affect Commission regulations at 17 CFR parts 210, 229, 230, 239, 240, 249, and 274, and will be effective November 5, 2018.