The SEC adopted amendments to simplify or eliminate redundant, overlapping, outdated or superseded disclosure requirements. The amendments are part of SEC efforts to align regulations with recent changes in U.S. Generally Accepted Accounting Principles (GAAP), and to implement the Fixing America's Surface Transportation (FAST) Act, which requires the agency to remove provisions of Regulation S-K that are no longer necessary.
The amendments, according to the SEC, are intended to mitigate compliance burdens for companies without reducing meaningful information for investors.
The amendments will become effective 30 days after publication in the Federal Register.
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