{"id":275,"date":"2019-04-29T13:07:29","date_gmt":"2019-04-29T17:07:29","guid":{"rendered":"http:\/\/blogs.duanemorris.com\/capitalmarkets\/?p=275"},"modified":"2019-04-29T13:07:29","modified_gmt":"2019-04-29T17:07:29","slug":"sec-adopts-simplified-modernized-disclosure-requirements","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/2019\/04\/29\/sec-adopts-simplified-modernized-disclosure-requirements\/","title":{"rendered":"SEC Adopts Simplified, Modernized Disclosure Requirements"},"content":{"rendered":"<p>On March 20, 2019, the SEC adopted amendments to rules and forms of Regulation S-K to further simplify and modernize disclosure requirements. The\u00a0<a title=\"SEC: FAST Act Modernization and Simplification of Regulation S\u2013K \" href=\"https:\/\/www.govinfo.gov\/content\/pkg\/FR-2019-04-02\/pdf\/2019-05695.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">final amendments<\/a>\u00a0were published in the Federal Register on April 2, 2019, and, except as noted below, become effective on May 2, 2019, 30 days after publication in the Federal Register. The SEC stated that it intends for the amendments to benefit investors by eliminating outdated, redundant and unnecessary disclosure; reducing cost and burdens of SEC reporting companies; and simplifying investors\u2019 access to, and evaluation of, material information. These new rules follow on the heels of the SEC\u2019s\u00a0<a title=\"SEC: Disclosure Update and Simplification \" href=\"https:\/\/www.govinfo.gov\/content\/pkg\/FR-2018-10-04\/pdf\/2018-18142.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">prior effort<\/a>\u00a0on simplification, which was published in the Federal Register on October 4, 2018. Combined with the earlier effort, these latest changes reflect a concerted push by the SEC to relieve SEC reporting companies of filing obligations that provide little value to investors.<\/p>\n<p>This\u00a0<i>Alert<\/i> provides a brief overview of certain of the amendments and practical considerations for SEC reporting companies and does not address parallel amendments to investment company and investment adviser rules and forms.<\/p>\n<p><a href=\"https:\/\/www.duanemorris.com\/alerts\/sec_simplifies_modernizes_disclosure_requirements_0419.html\">Read the full <em>Alert<\/em> on the Duane Morris LLP website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On March 20, 2019, the SEC adopted amendments to rules and forms of Regulation S-K to further simplify and modernize disclosure requirements. The\u00a0final amendments\u00a0were published in the Federal Register on April 2, 2019, and, except as noted below, become effective on May 2, 2019, 30 days after publication in the Federal Register. The SEC stated &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/capitalmarkets\/2019\/04\/29\/sec-adopts-simplified-modernized-disclosure-requirements\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SEC Adopts Simplified, Modernized Disclosure Requirements&#8221;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[77,388,390,19,389],"ppma_author":[441],"class_list":["post-275","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-darrick-mix","tag-disclosure-requirements","tag-regulations-s-k","tag-sec","tag-vince-campanaro"],"authors":[{"term_id":441,"user_id":6,"is_guest":0,"slug":"duanemorris3","display_name":"Duane Morris","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/843ff6e7a8fe5fc92109b47a45f34b6cf0ea499e6e788db23456c838b0ae6747?s=96&d=blank&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/posts\/275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/comments?post=275"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/posts\/275\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/media?parent=275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/categories?post=275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/tags?post=275"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/ppma_author?post=275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}