We have received questions about the disclosure requirements and related rules adopted in the Modernization of Regulation S-K Items 101, 103, and 105 rulemaking (Securities Act Release No. 33-10825).1 We refer to these recently amended requirements as the “new” rules and the disclosure requirements that were changed as the “old” rules. The new rules are effective on November 9, 2020.
The answers to these questions represent the views of the staff of the Division of Corporation Finance. They are not rules, regulations, or statements of the Securities and Exchange Commission (“Commission”). Further, the Commission has neither approved nor disapproved them.