The Securities and Exchange Commission will meet next week to take the next step in an ongoing review of its disclosure regime. On March 30, the Commission, in an open meeting, will consider whether to issue a concept release seeking comment on modernizing business and financial disclosure requirements in Regulation S-K.

The SEC was mandated by Congress—with both the JOBS Act and FAST Act—to review its Regulation S-K and Regulation S-X disclosures, with an eye to reducing duplicative and unnecessarily burdensome requirements.

On Sept. 28, the SEC announced a 60-day public comment period on the effectiveness of financial disclosure requirements in Regulation S-X. The request for comment, part of the disclosure effectiveness initiative, focused on financial disclosures companies must file with the agency about acquired businesses, affiliated entities, and guarantors and issuers of guaranteed securities.

Also at the meeting, the Commission will consider whether to adopt rules regarding the business conduct standards for security-based swap dealers and major security-based swap participants.

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