Final Rule
Modernization of Regulation S-K Items 101, 103, and 105
Overview
The Securities and Exchange Commission ("Commission') is adopting amendments to modernize the description of business, legal proceedings, and risk factor disclosures that registrants are required to make pursuant to Regulation S-K. These disclosure items have not undergone significant revisions in over 30 years. The amendments update these rules to account for developments since their adoption or last revision, to improve disclosure for investors, and to simplify compliance for registrants. Specifically, the amendments are intended to improve the readability of disclosure documents, as well as discourage repetition and the disclosure of information that is not material.
Prior Actions
Proposed Rule (33-10668)
Release Number
33-10668
34-86614
SEC Issue Date
Aug. 8, 2019
Federal Register Publish Date
Aug. 23, 2019
Document Citation
84 FR 44358
RIN
3235-AL78
Resources
Details
File Number
S7-11-19
Rule Type
Final
Release Number
33-10825
34-89670
SEC Issue Date
Aug. 26, 2020
Effective Date
November 9, 2020
Federal Register Publish Date
Oct. 8, 2020
Document Citation
85 FR 63726
RIN
3235-AL78