The Securities and Exchange Commission filed its study of all required disclosures and filings last month, and while it didn’t offer any concrete solutions, the study could open the door to something companies have demanded for years: comprehensive disclosure reform.
The report, required by Congress through the JOBS Act, included a comprehensive analysis of Regulation S-K, which establishes public company filing requirements, with an eye toward finding ways to ease the burden on emerging growth companies by modernizing and simplifying the registration process. Rather than offer specific reforms for emerging growth companies in the report, however, the SEC decided to take a delayed, yet more ambitious, approach and offered a future broader review of its entire disclosure regime.
