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SEC Continues Disclosure Simplification and Modernization

April 30, 2019, Covington Alert

For the better part of this decade, the U.S. Securities and Exchange Commission (the “SEC”) has been assessing and soliciting input on, and proposing and adopting changes to, the public company disclosure regime. A principal goal of this exercise has been to improve the quality of disclosure while reducing compliance costs and other burdens on public companies. Consistent with this goal, on March 20, 2019, the SEC adopted further amendments to its rules and forms pursuant to its mandate under the JOBS Act and FAST Act.

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