NAREIT submitted comments to the Securities and Exchange Commission (SEC) on July 21 responding to the SEC’s Concept Release on Business and Financial Disclosure Required by Regulation S-K.

Among NAREIT’s comments, it said materiality, as evaluated through the eyes of a “reasonable investor” under the prevailing Supreme Court standard, should continue to be the guidepost of the SEC’s disclosure regime and that reform efforts should focus on best ways to ensure the disclosure of company-specific material information to investors.

Additionally, NAREIT said it strongly favors a “principles-based” approach to SEC disclosure, which it believes is best suited to the constantly evolving business environment in which REITs and other businesses operate.

(Contact: Victoria Rostow at vrostow@nareit.com)


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