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SEC Reporting Update | Snell & Wilmer


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During 2020, the Securities and Exchange Commission (“SEC”) continued with its disclosure simplification project by issuing two adopting releases to streamline and modernize certain Regulation S-K disclosure requirements.
The first adopting release, which became effective November 9, 2020, covers Regulation S-K, Item 101 (Description of Business), Item 103 (Legal Proceedings) and Item 105 (Risk Factors) (the “Item 100 Amendments”). The second adopting release covers Regulation S-K, Item 301 (Selected Financial Data), Item 302 (Supplementary Financial Information) and Item 303 (Management’s Discussion and Analysis of Financial Condition and Results of Operations) (the “Item 300 Amendments”). The Item 300 Amendments become effective 30 days after publication in the Federal Registrar and companies will be required to comply with the Item 300 Amendments for their first fiscal year ending on or after the ....

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