The Securities and Exchange Commission adopted additional amendments that are intended to simplify disclosure requirements for public companies, investment advisers and investment companies. The proposed amendments are based on the Commission Staff’s FAST Act Report. Among other things, the amendments will:
- Allow registrants to omit confidential information from most exhibits without filing confidential treatment requests;
- Provide registrants greater flexibility with respect to the presentation of historical periods within the MD&A section of filings:
- Revise the current Regulation S-K description of property requirement in order to emphasize the materiality threshold; and
- Modify certain data tagging requirements.