Thursday, November 8, 2007
The SEC has a number of significant matters on its agenda for its next open meeting on Nov. 15, including:
- the perennial topic of better mutual fund disclosure;
- whether to accept financial statements prepared in accordance with International Financial Reporting Standards without reconciliation to generally accepted accounting principles in filings of foreign private issuers;
- whether to expand the number of companies that qualify for scaled disclosure requirements for smaller reporting companies;
- whether to adopt amendments to Rule 144 to shorten the holding period for the resale of restricted securities if the issuer of the securities is subject to the Exchange Act reporting requirements and to relax on restrictions on resales of restricted securities by non-affiliates.