SEC Updates Compliance & Disclosure Interp's; IAC To Meet

Earlier today, the SEC's Division of Corporation Finace released some new Questions & Answers (Q&As) in its Compliance & Disclosure Interpretations (C&DI) series. The link to the new C&DIs is below, as well as C&DI's issued in Dec. 2009 and Jan. 2010.

· Feb. 16, 2010: Reg S-K Sections 116, 117, 119; Form 8-K, Section 121A
· Jan. 20, 2010: Reg S-K Sections 116, 117, 119, 128A, 133; Proxy Disclosure Enhancements
· Jan. 15, 2010: Non-GAAP Financial Measures (same link as above, January 2010 updates)
· Dec. 22, 2009: Proxy Disclosure Enhancements Transition

The full text of the Dec. 2009-Feb. 2010 C&DI updates has been posted in the Summary: "SEC Updates Compliance And Disclosure Interpretations" posted on FEI's website, http://www.financialexecutives.org/.



Investor Advisory Committee To Meet
In other SEC news, according to this Feb. 2 Sunshine Act Notice, the SEC's Investor Advisory Committee (IAC) will hold its next meeting on Feb. 22. Items on the agenda include:

• consideration of a Committee recusal policy;
• report from the Education Subcommittee, including a presentation on the National Financial Capability Survey;
• report from the Investor as Purchaser Subcommittee, including a discussion of fiduciary duty and mandatory arbitration;
• report from the Investor as Owner Subcommittee, including recommendations for the Committee on Regulation FD and proxy voting transparency, as well as reports on a work plan for environmental, social, and governance disclosure and on financial reform legislation; and
• discussion of next steps and closing comments

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Happy Valentine's Day!

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We'll be back to our usual reporting of accounting and regulatory developments in our next post.

In the meantime, Happy Valentine's Day to all of our readers, and if you missed our post earlier this week, here's a Valentine's Day treat for you: the world's first music video about accounting, filmed in Second Life.

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