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U.S. SEC chairman signals plans to scale back corporate disclosure rules


By Sarah N. Lynch and John McCrank(Reuters) - Wall Street's top U.S. regulator on Wednesday signalled his support for potentially scaling back the scope and breadth of disclosure rules and compliance costs imposed on public companies, in an effort to entice more corporations to list on the stock market.In his first major address since becoming chairman of the U.S. Securities and Exchange Commission (SEC) earlier this year, Jay Clayton laid out his regulatory philosophy for how he plans to run the agency and said the SEC staff was working to prepare proposals aimed at reforming the rules on ...

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First Published: Thu, July 13 2017. 01:27 IST