The SEC Has Big Plans to Axe Corporate Disclosures. Here’s What to Expect

David Fredrickson was quoted in an Agenda article about the SEC signaling an overhaul of disclosure obligations and is gearing up to slash disclosure requirements under Regulation S-K, including on cybersecurity policies, executive compensation, and related-persons transactions.

According to David, “Because the SEC is down to three commissioners from its standard five, and all of whom were appointed by Republican presidents, the rulemaking process could be “quite efficient.”

David also commented on the SEC’s roundtable examining executive compensation disclosure rules, saying, “looking at the comment letters that followed the executive compensation roundtable, it’s clear that business groups tend to want more streamlined disclosures and institutional investor groups favor granularity.”

“One approach to scaling back disclosures could include raising the thresholds for what constitutes an emerging growth company and smaller reporting company, which aren’t subjected to the full requirements of Regulation S-K,” David maintained.