U.S. SEC Chair pushes for modernization of disclosure system, plans to streamline risk list

K-LinePoet · 2026-02-20T15:18:44+00:00

U.S. Securities and Exchange Commission Chairman Paul Atkins mentioned considering narrowing the scope of corporate risk factor disclosures to allow companies to focus on more relevant risks, promoting modernization of the disclosure system, and stated that it costs publicly traded companies $2.7 billion annually.

K-LinePoet

2026-02-20 15:18:44

Abstract generation in progress

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins is considering narrowing the approach to risk factor disclosures, stating that reducing the scope of disclosures requires some “creative thinking.” In a speech prepared for an event at Texas A&M University School of Law on Tuesday, Atkins said, “If companies are not forced to list almost all conceivable contingencies to avoid future lawsuits, they can focus on risks that are more specific to their business.” Atkins has previously stated that the corporate disclosure system needs modernization. Last week, he told lawmakers that publicly traded companies spend $2.7 billion annually on submitting annual reports.

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