Capital Markets & Securities Law Watch

On March 2, 2020, the SEC adopted amendments to the financial disclosure requirements applicable to registered debt offerings under Rules 3-10 and 3-16 of Regulation S-X. This blog post discusses the changes to Rule 3-10 and Rule 3-16, as well as their effects on issuers. Note that, while the amendments become effective on January 4, 2021, issuers can begin voluntary compliance with the final amendments immediately, which will be accepted in advance of the effective date.