United States

SEC Rules Allow Form 10-K Summary with Cross-References

Jun 06, 2016
From the Financial Reporting Network

As required by the Fixing America’s Surface Transportation (FAST) Act, the SEC recently adopted interim final rules that amend its rules and Form 10-K to permit a registrant to include in its Form 10-K a summary, provided that each item addressed in the summary hyperlinks to the material in the registrant’s Form 10-K or an exhibit to Form 10-K to which the item relates.

The amendment is principles-based and allows a registrant to decide which business and financial items in its annual report to summarize, as long as the information is presented fairly and accurately.

The interim final rules are effective when they are published in the Federal Register, and the comment period ends 30 days thereafter.

Read Interim Final SEC Rules