The Securities and Exchange Commission is seeking public comment on proposed updates to statistical disclosures for bank and savings and loan registrants.
The proposed rules would update the disclosures investors receive and eliminate disclosures that overlap with Commission rules, U.S. Generally Accepted Accounting Principles, and International Financial Reporting Standards. Further, the proposal would replace Industry Guide 3, “Statistical Disclosure by Bank Holding Companies,” with updated disclosure in a new subpart of Regulation S-K.
