The Securities and Exchange Commission has published a Request for Comment relating to certain disclosures required under Regulation S-K relating to management, certain security holders, and certain director and corporate governance matters.
The Request for Comment issued today, focused on Subpart 400 of Regulation S-K, is part of the Commission’s broader Disclosure Effectiveness initiative, including a separate Concept Release and Proposed Rule issued for public comment a little over a month ago. The Disclosure Effectiveness initiative, a broad project the SEC launched to primarily improve – and secondarily, simplify – the disclosure framework, has also been designed to be responsive to the requirements of Section 108 of the Jumpstart Our Business Startups Act (“JOBS Act”), under which the SEC has published one study of Reg S-K, and Section 72003(a) of the Fixing America’s Surface Transportation Act (“FAST Act”), under which another SEC study of Reg S-K will be produced.
With respect to today’s Release on Subpart 400 of Reg S-K, the SEC generally seeks comment on:
The matters are included in Subpart 400 of Reg. S-K, according to the SEC’s Release:
There is a 60-day comment period on the Release issued today (ending 60 days after the Release is published in the Federal Register).
The full title of the Release issued today is, Request for Comment on Subpart 400 of Regulation S-K Disclosure Requirements Relating to Management, Certain Security Holders, and Corporate Governance Matters. See also the SEC’s Disclosure Effectiveness initiative webapge.