The Securities and Exchange Commission is looking for public comment on the effectiveness of the financial disclosure requirements in Regulation S-X.

Regulation S-X covers the specific format and content of financial reports and financial statements required to be filed by entities that register with the SEC.

The request for comment focuses on the requirements for the form and content of financial disclosures that companies must file about acquired businesses, affiliated entities, and guarantors and issues of guaranteed securities.

“This is an important step in our review of the disclosure requirements that apply to public companies,” said SEC Chair Mary Jo White.  “We are interested in feedback from investors, companies, and other market participants to help us evaluate potential changes to Regulation S-X that would benefit both investors and companies.”

The request for comment is part of the Disclosure Effectiveness Initiative, which is a broad-based staff review of the disclosure requirements and the presentation and delivery of the disclosures. 

The public comment period will remain open for 60 days following publication of comment request in the Federal Register. 

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