On August 17, 2018, the Securities and Exchange Commission announced it voted to adopt amendments to certain disclosure requirements that it found have become duplicative, overlapping or outdated in light of other Commission disclosure requirements, U.S. Generally Accepted Accounting Principles (“GAAP“) or changes in the information environment. The Commission also announced it is referring certain disclosure requirements that overlap with, but require information incremental to, GAAP to the Financial Accounting Standards Board for consideration for potential incorporation into GAAP. Press Release. Final Rule.