SEC Publishes Request for Comment on Regulation S-X

The Securities and Exchange Commission announced today that it is seeking public comment on the effectiveness of financial disclosure requirements in Regulation S-X.  The request for comment focuses on the requirements for the form and content of financial disclosures that companies must file with the Commission about acquired businesses, affiliated entities, and guarantors and issuers of guaranteed securities.  

“This is an important step in our review of the disclosure requirements that apply to public companies,” said SEC Chair Mary Jo White.  “We are interested in feedback from investors, companies, and other market participants to help us evaluate potential changes to Regulation S-X that would benefit both investors and companies.”

The request for comment is part of the Disclosure Effectiveness Initiative, which is a broad-based staff review of the disclosure requirements and the presentation and delivery of the disclosures. 

 The public comment period will remain open for 60 days following publication of comment request in the Federal Register.