SEC Proposes Modernizing Descriptions of Certain Disclosures Provided Under Regulation S-K

The SEC has issued a proposed rule, Modernization of Regulation S-K Items 101, 103, and 105.

The proposed rule would “modernize the description of business, legal proceedings, and risk factor disclosures that registrants are required to make pursuant to Regulation S-K.”

For more information, see the press release and the proposed rule on the SEC’s Web site.