On October 11, 2017, the US Securities and Exchange Commission (SEC) proposed amendments intended to modernize and simplify certain disclosure requirements of Regulation S-K and related rules and forms. The proposed amendments are designed to enhance the readability and navigability of SEC filings, to discourage repetition and disclosure of immaterial information and to reduce the burdens on registrants, all while still providing material information to investors. This Legal Update presents an overview of selected highlights of the proposal and discusses practical considerations for public companies.
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