On September 17, 2019, the Securities and Exchange Commission proposed rules to update the statistical disclosures that banks and loan registrants provide to investors, and eliminate disclosures that overlap with SEC rules, U.S. GAAP or IFRS.  The proposed rules would replace Industry Guide 3, Statistical Disclosure by Bank Holding Companies, with updated disclosure in a

On August 8, 2019, the US Securities and Exchange Commission proposed amendments to Regulation S-K that are intended to modernize business, legal proceedings and risk factor disclosures. According to the SEC, the proposed amendments are designed to update rules to account for developments since they were first adopted or last amended and to improve the

Despite the cancellation of the open meeting, the Securities and Exchange Commission proceeded to vote to propose amendments to certain Regulation S-K disclosure requirements.

The proposed amendments relate only to Items 101 (description of business), 103 (legal proceedings) and 105 (risk factors).  This does not fully address all of the aspects of Regulation S-K that

The Securities and Exchange Commission announced an open meeting for August 8th to consider whether to propose rule amendments to modernize the description of business, legal proceedings, and risk factor disclosures required by Regulation S-K.  Readers will recall that the Commission had published a concept release (see: https://bit.ly/1Y52Baz) a little over three years ago

Recently, the Securities and Exchange Commission Office of the Investor Advocate released its report on objectives for fiscal year 2020. The Investor Advocate intends to focus on the SEC’s disclosure effectiveness initiative, including amendments to Regulation S-K, updates to industry-specific disclosure requirements, etc. The Investor Advocate will also focus on monitoring rulemaking developments related to

With the April 2, 2019 Federal Register publication of the US Securities and Exchange Commission’s adopting release on its amendments to certain disclosure requirements of Regulation S-K and related rules and forms, the amendments regarding the redaction of confidential information in material contracts became effective. Most of the remaining amendments will become effective on May

The Securities and Exchange Commission adopted final rules requiring public companies (other than foreign private issuers and certain fund issuers) to disclose in proxy statements their policies regarding hedging transactions in the company’s securities by directors and employees.  The Commission was required by Section 955 of the Dodd-Frank Act to adopt such rules.

The Commission’s

On October 31, 2018, the US Securities and Exchange Commission issued a final rule to modernize required property disclosures for mining registrants. The requirements are currently set out in Item 102 of Regulation S-K and Industry Guide 7. This Legal Update discusses key points of the Final Rule as well as its practical implications.

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The Commission announced an open meeting for October 31st in order to consider amendments related to the property disclosure requirements for mining registrants.  The proposed amendments were released in 2016. The amendments as proposed would rescind Industry Guide 7 and include the mining property disclosure requirements in Regulation S-K and align the disclosure