The Securities and Exchange Commission will hold a roundtable on October 8 to discuss methods of modernizing the financial information disclosure system currently in place. The main objective of the roundtable is to determine how to provide financial information in a useful format that can be easily understood by investors. The roundtable will be organized into two panels. The first panel will discuss methods, technology and processes currently used by companies and other filers to satisfy their SEC disclosure obligations. The second panel will discuss how to improve the organization and operation of the SEC’s disclosure system to provide investors with greater access to information and filers with more efficient disclosure procedures.
The roundtable is part of the SEC’s newly launched 21st Century Disclosure Initiative, which includes the development of a new disclosure platform called IDEA (Interactive Data, Electronic Applications) that allows investors to more easily access disclosure information.