As of July 10, companies weighing an initial public offering can opt to keep certain information confidential until closer to their trading debut.

The Securities and Exchange Commission announced on June 29 that all companies are now permitted to submit draft registration statements relating to IPOs for review on a nonpublic basis.

Lawyers are split on how significant this move is, but many can agree it is a clear indicator the Trump administration is making good on its promise to take steps to deregulate the financial markets.