The SEC announced an open meeting Thursday to consider Reg. S-K disclosure reforms on the description of business, legal proceedings, and risk factors. As previously reported, this item – which is based on the SEC’s April 2016 Concept Release - was first moved from Long-Term to near-term (Active) actions in the Spring of 2018 and remains on the SEC’s current Reg-Flex Agenda in the proposed rulemaking stage.
Access additional resources on the Concept Release on our Disclosure Reform page, and stay tuned!