SEC Extends Comment Period on Bank Holding Company Statistical Disclosure Requirements

The SEC extended the comment period on the disclosures required by Industry Guide 3 ("Statistical Disclosure by Bank Holding Companies") from May 8, 2017 until July 7, 2017.

As reported previously, the SEC is making an effort to update reporting standards by soliciting public input on whether Guide 3 (i) "continues to elicit the information that investors need for informed investment and voting decisions," and (ii) there are additional bank holding company activity disclosures "that investors would find important."