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If your company’s publicly held, take note: The Securities and Exchange Commission (SEC) has decided that you can meet some of your public disclosure requirements using your Web site.
Making public reports on your firm’s financials could be a whole lot easier and less costly because of this decision.
The SEC voted unanimously on Thursday to provide new guidance that allows public companies to use their Web sites and corporate blogs to meet Regulation FD’s public disclosure requirements.
The guidance, which won’t go into effect until it’s published in the Federal Register, implies that there are certain stipulations public companies have to meet if they want to take full advantage of this method. Companies should tread carefully when deciding what, where and how to disclose the info.
According to the SEC’s official statement, guidance will be divided into four parts that cover most aspects of meeting the agency’s rules for public disclosure.
The SEC’s decision, however, will no doubt be good news for everyone involved — companies, investors and media watchdogs included.
Here’s a link to the official statement.
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