Securities and Exchange Commission (SEC)

The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.

Website: www.sec.gov

 

PwC resources

Video perspectives

With the recent confirmation of SEC Chairman Jay Clayton, PwC's Felix Perez provides insight into what we know so far about his beliefs and how we feel these beliefs may impact capital formation.

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SEC comment letter trends series

PwC discusses key comment letter trends and considerations based on comment letters published by the SEC staff. Trends are organized by selected industries and accounting topics. We highlight the areas that received the most comments from the SEC and provide relevant examples of recent comments to aid preparers in assessing whether their disclosures are transparent and consistent with relevant accounting and reporting guidance.

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Select news releases

 

Proposed rules

See the SEC's website for a complete list of all outstanding proposed rules.

 

Final rules

See the SEC's website for a complete list of all final rules.

SEC adopts amendments to permit registered open-end management investment company

The SEC is adopting amendments to Rule 22c-1 under the Investment Company Act to permit a registered open-end management investment company (“open-end fund” or “fund”) (except a money market fund or exchange-traded fund), under certain circumstances, to use “swing pricing,” the process of adjusting the fund’s net asset value (“NAV”) per share to effectively pass on the costs stemming from shareholder purchase or redemption activity to the shareholders associated with that activity, and amendments to Rule 31a-2 to require funds to preserve certain records related to swing pricing.

SEC adopts rules to promote effective liquidity risk management

The SEC is adopting new rules, a new form and amendments to a rule and forms designed to promote effective liquidity risk management throughout the open-end investment company industry, thereby reducing the risk that funds will be unable to meet their redemption obligations and mitigating dilution of the interests of fund shareholders. The amendments also seek to enhance disclosure regarding fund liquidity and redemption practices.


SEC Division of Corporation Finance: Financial Reporting Manual (Updated August 2017)

SEC - 08/25/2017

The SEC's Division of Corporation Finance has published an updated version of Financial Reporting Manual. The manual serves as an internal, informal reference document to provide general guidance to SEC staff when reviewing for compliance with SEC reporting rules. Though nonauthoritative, the manual is a helpful source for companies and auditors to refer to for general information on SEC reporting matters. The manual covers a variety of topics such as financial statement requirements, pro forma information, non-GAAP measures, and MD&A, to name a few.

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Speeches

For a complete list of speeches and other public statements by the Chairman, Commissioners, and staff of the SEC, which cover a wide range of topics concerning the state of the markets and the Commission's regulatory agenda, visit the SEC’s website.

 

Compliance and Disclosure Interpretations (C&DIs)

For a complete list of Compliance and Disclosure Interpretations (C&DIs), visit the SEC’s website.

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Beth Paul
US Strategic Thought Leader, National Professional Services Group
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David Schmid
IFRS & US Standard Setting Leader, National Professional Services Group
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