Important Ways the SEC has Simplified Reporting Requirements

12.09.2019 | Association of Corporate Counsel (ACC) Northeast Chapter

Sullivan & Worcester hosted and sponsored the ACC Northeast’s program, “Important Ways the SEC has Simplified Reporting Requirements,” on September 12, 2019 in Boston. Howard Berkenblit and Jeff Morlend spoke on the panel with Nina Andersson-Willard, Vice President, Senior Counsel, M&A and Securities at Iron Mountain.

Click here to view the presentation.

Click here to view the handout summarizing the Simplifications to Regulation S-K discussed.

Over the past year, the SEC has been making a concerted effort to simplify its disclosure rules and regulations, but what are the key takeaways to these adjustments? The panel covered the changes that impact all public companies or companies thinking of going public, including changes to forms and what can now be eliminated from filings, but also a few additional new requirements. The speakers also reviewed other recent SEC developments and current issues on their agenda including:

  • Disclosure simplifications;
  • Changes to definitions of smaller reporting company and accelerated filer;
  • Accounting updates for lawyers: Proposed changes for Regulation S-X financial statement requirements; critical audit matters; concept release on quarterly reporting; and,
  • Other SEC hot topics – risk factors (cyber, LIBOR, Brexit et al); exclusive forum, arbitration clauses; Regulation G; proxy reform; S-8/Rule 701.

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