Thanks to the eagle eye of Reed Wilson, who, along with Rich Alven, teaches our new Zoom based “SEC Form 10-K Disclosure Best Practices” virtual workshop, for spotting the October 8, 2020 Federal Register publication of the SEC’s August 26 Final Rule “Modernization of Regulation S-K Items 101, 103, and 105”. The effective date of the rule is 30 days after publication in the Federal Register.
This means that the new rule will be effective for filings made 30 days after October 8, 2020.
For 10-Q’s filed after this date the changes to S-K Item 105, requiring a summary of risk factors if you have over 15 pages of risk factors, and the new requirements for legal proceedings disclosures, will be effective.
For 10-K’s filed after this date the changes to all the modernized S-K Items will be effective.
We will have more details about these changes in posts next week.
As always, your thoughts and comments are welcome!