The U.S. Securities and Exchange Commission (SEC) has finalized amendments to improve financial disclosure requirements under Regulation S-K. These changes remove the need for companies to provide Selected Financial Data and streamline the need to disclose Supplementary Financial Information. Additionally, they update the Management's Discussion & Analysis of Financial Condition and Results of Operations (MD&A) rules to make financial statements more transparent and less repetitive. The goal is to help investors by making disclosures clearer and to reduce compliance difficulties for companies.
Simple Explanation
The SEC has changed some rules so companies don't have to repeat themselves when sharing money details and to make the information easier for everyone to understand. Now, it's quicker for companies to say how they're doing and important things are clearer for people who look at these money talks.