On August 26, 2020, the Securities and Exchange Commission (SEC) adopted amendments to modernize disclosure requirements in Regulation S-K Item 101 (business description), Item 103 (legal proceedings), and Item 105 (risk factors). As we previously discussed here, the SEC proposed the amendments in August 2019 to improve the readability of disclosure documents, discourage disclosure of immaterial or repetitive information, and simplify compliance efforts for registrants. The amendments have been adopted largely as proposed, with certain modifications. Continue reading >