Regulatory Alerts2020-10-16 | 2020-20655Added
Update of Statistical Disclosures for Bank and Savings and Loan Registrants
The Securities and Exchange Commission adopted final rules to update statistical disclosure requirements for bank and savings and loan registrants by codifying Industry Guide 3 into a new Subpart 1400 of Regulation S-K. The amendments expand and modernize required disclosures regarding assets, liabilities, loan portfolios, and deposits while rescinding the non-binding Guide 3 and Staff Accounting Bulletin 11:K. These rules become effective on November 16, 2020, with specific provisions for certain amendments taking effect on January 1, 2023, to ensure consistent and comprehensive financial reporting for investors.
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