If you work in investor relations, undoubtedly you’re beginning to study the SEC’s 341-page Concept Release that is studying corporate disclosure with fresh, 21st century eyes. Time will tell, but this seems very important.
Fortunately, to ease your eyes from PC and/or tablet screen strain, Vintage is printing the Concept Release into a book. It’s still 341 pages but at least now you can read it with your feet up.
The SEC’s summary:
“The Commission is publishing this concept release to seek public comment on modernizing certain business and financial disclosure requirements in Regulation S-K.”
Some of the 340 questions address these points:
- Principles-based or prescriptive approach to disclosure rules
- Provide disclosure “layers” to different audiences based on their needs
- Line item over-disclosure on non-financial matters
- The materiality of sustainability matters
- Periodic report exhibit filing requirements of Regulation S-K
- Scaling requirement by market-cap or sector
- The fate of the 10-Q
- Readability and navigability of disclosure documents
- Recognizing how digital technology has changed the way in which investors consume information
- For the next 90-days, the public can respond to 340 questions.