On September 11, 2020, the US Securities and Exchange Commission (SEC or Commission) issued a final rule modernizing and codifying disclosure requirements for banking registrants. The new rules replace Industry Guide 3, Statistical Disclosure by Bank Holding Companies, with a new Subpart 1400 of Regulation S-K. The updated disclosure requirements apply to domestic and foreign bank holding companies, banks, savings and loan holding companies, and savings and loan associations (banking registrants). Continue reading >