Regulators

Image: A bill intended to help public companies streamline their disclosures has been unanimously approved by the House of Representatives. The Disclosure Modernization and Simplification Act, sponsored by Rep. Scott Garrett (R-N.J.), allows issuers to submit a summary page on annual Form 10-K filings. It also gives the SEC a 180-day deadline to complete its ongoing review of disclosure requirements.

In a move that could eventually lead to a radical policy change, the Securities and Exchange Commission took another step toward the acceptance of International Financial Reporting Standards, voting to issue a concept release seeking input on allowing U.S. issuers the option of preparing their financial statements in accordance with IFRS. The move was promised […]

Welcome news for some smaller companies: A lot more of them will be able to take advantage of streamlined disclosure and reporting requirements, thanks to a recent proposal by the Securities and Exchange Commission. If adopted, the proposed rule amendments—part of a series of six measures relating to smaller issuers announced by the SEC in […]

Those looking for a little “light” summer reading can count on the Securities and Exchange Commission to deliver. One of the latest installments in the Commission’s recent flurry of rulemaking is its 121-page proposal to allow foreign private issuers to file financial statements prepared in accordance with International Financial Reporting Standards without a reconciliation to […]

In a move likely to be cheered by foreign issuers, the Securities and Exchange Commission has forged ahead with plans to accept financial statements prepared in accordance with International Financial Reporting Standards without requiring those issuers to prepare a reconciliation to U.S. Generally Accepted Accounting Principles. Cox SEC commissioners voted June 20 to propose amendments […]

Two hot topics—eliminating the reconciliation requirement for foreign issuers and mandating online proxy statements—will take center stage at a Securities and Exchange Commission meeting this week. As promised, the Commission will propose ending the requirement that companies filing financial statements using International Financial Reporting Standards also file a reconciliation report to square those numbers with […]

Companies preparing to issue their first proxies under the Securities and Exchange Commission’s new executive compensation disclosure rules, take note: Don’t expect any new rulemaking in that area this year. Speaking to roughly 500 attendees at Compliance Week’s annual conference in Washington D.C. today, Division of Corporation Finance director John White said that while the […]

The Securities and Exchange Commission has issued a new set of interpretations regarding Section 16 of the Securities Exchange Act, which governs the reporting obligations of corporate insiders. The interpretations, which supersede those found in the Telephone Interpretations Manual and FAQs that related to Section 16, consolidate a collection of existing interpretive guidance previously located […]

While the Securities and Exchange Commission’s internal control guidance grabbed the spotlight last week, the Commission also proposed a series of measures to modernize the capital raising and reporting requirements for smaller companies, which experts say will make it easier and cheaper for those companies to raise capital. Patel “For smaller businesses, this is huge,” […]