In a post here in July, I provided a preview of RegReview, a new component of its Transactional Law Suite for Securities that Wolters Kluwer Legal & Regulatory U.S. planned to showcase at the annual convention of the American Association of Law Libraries. Yesterday, Wolters Kluwer formally launched RegReview to its customers.
RegReview allows users to quickly identify changes in the law and navigate to all relevant laws governing a particular SEC filing. It features what Wolters Kluwer calls Point-in-Time navigation, which identifies the exact language within a law, regulation or form that has changed and allows users to compare versions of all prior changes made to that law since 2013. It also tells you when there have been no changes. This lets the user quickly see whether the law has changed since a given point in time.
The product also allows users to view all primary source materials associated with a particular form or SEC filing while viewing the form. When a lawyer opens a filing, such as a Form 10-K, RegReview shows all the rules, guidance and other primary source materials associated with that form. All of the links and rule-checking information are curated by attorney editors and analysts at Wolters Kluwer.
As I wrote in July, RegReview is designed to address to major pain points for securities lawyers in drafting securities documents. One is the difficulty of identifying changes in the laws, regulations and forms. The other is “rule checking,” the systematic review of all relevant law governing the SEC filing being drafted.
As noted, RegReview is part of WK’s Securities Transactional Law Suite, which provides tools for researching SEC filings and for document drafting and due diligence. The suite also includes RBsource and RBsourceFilings, for researching and tracking securities laws and filings, and Clarion, a tool for M&A due diligence and strategic advisement.