Recent SEC Comment Letter Reveals the Difference Between Prescriptive-Based and Principles-Based Rules
By EsqSocial Corporation 05/11/20
As we have previously discussed, on August 26, the Securities and Exchange Commission (SEC) voted to adopt amendments to modernize the description of business (Item 101), legal proceedings (Item 103), and risk factor (Item 105) disclosures that registrants are required to make according to Regulation S-K. For a summary of the rules and practical takeaways, see our prior blog post here. The new rules will be effective on November 9, 2020. The amendments, particularly the revisions to Item 101...
By: Bass, Berry & Sims PLC