The SEC voted to request comment on disclosures required by Industry Guide 3 – "Statistical Disclosure by Bank Holding Companies." The request for comment is part of a series of steps taken by the SEC in an effort to update its existing reporting standards.
Specifically, the SEC is soliciting public input on "whether Guide 3 continues to elicit the information that investors need for informed investment and voting decisions," as well as seeking comment on whether there are now types of bank holding company activity disclosures "that investors would find important."
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