SEC adopts rule amendments under the FAST Act to modernize and simplify disclosure

SEC Update

10 April 2019

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On March 20, the SEC voted to adopt amendments to Regulation S-K and related rules and forms in accordance with its mandate under the Fixing America's Surface Transportation Act (FAST Act) to modernize and simplify disclosure requirements. The amendments are intended to reduce the costs and burdens of the disclosure process while continuing to require disclosure of all material information.

The rule changes will be effective on May 2, 2019. Although the amendments do not fundamentally alter the existing disclosure regime, the wide-ranging changes will require registrants to update their compliance checklists and monitor SEC staff guidance on transition issues and other implementation questions that may arise.

The SEC's adopting release (No. 33-10618) can be found here.