SEC Working to Modernize and Streamline Real Estate-Related Disclosures
April 12, 2018 | Nareit Staff
Sonia Barros, assistant director, division of corporation finance, at the Securities and Exchange Commission (SEC), participated in a video interview at Nareit's REITwise: 2018 Law, Accounting & Finance Conference in Hollywood, Florida.
Giving an update on the SEC’s disclosure effectiveness project, Barros said a recent SEC action last October called for improvements to regulation S-K to streamline and improve certain items. However, “this was not the end of the SEC’s disclosure effectiveness story. At the staff level, we are still actively engaged and working on additional recommendations to the commission for further action here,” Barros said.
As for other initiatives that could impact the REIT sector, Barros said that SEC staff is working on recommendations that would help modernize and streamline real estate-related disclosures. If the commission decides to move forward with these proposed initiatives, the industry would get a chance to weigh in on the proposals before the SEC comes out with any final rules.