diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6760cd91..bf2723a7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,25 @@
 # Changelog
 
+## [1.2.0] - 2024-11-20 - Michiel B. de Jong <michiel@pondersource.com>
+
+* Rephrased and improved the whole protocol description text
+  in order to conform to the IETF Internet Draft style.
+* Updated the API specification to OpenAPI 3.0.
+* Added a `/.well-known` endpoint for discovery, to replace
+  the legacy `/ocm-provider` endpoint in a future release, and
+  extended the properties and capabilities each implementation
+  can expose.
+* Introduced a concept of `requirements` in new shares, which indicate
+  that a recipient of a share MUST fulfill some capabilities in order
+  to access the share.
+* Introduced several mechanisms to improve security:
+  * Support for Multi-Factor Authentication.
+  * Support for signing requests.
+  * Support for OAuth-style exchanges, via a new `/token` endpoint.
+  * Clarified access methods to remote shares, and deprecated
+    less secure ones.
+* Extended the `/notifications` endpoint.
+
 ## [1.1.0] - 2023-05-15 - Giuseppe Lo Presti <lopresti@cern.ch>
 
 * Added a new `/invite-accepted` endpoint to support an invitation
diff --git a/README.md b/README.md
index 99f24526..047513f8 100644
--- a/README.md
+++ b/README.md
@@ -7,6 +7,7 @@ This repository contains the text of the Open Cloud Mesh IETF Draft, as well as
 The documents are available as follows:
 
 * Current version under development: [RFC-formatted Draft](IETF-RFC.md) | [API spec](https://cs3org.github.io/OCM-API/docs.html?branch=develop&repo=OCM-API&user=cs3org)
+* Version 1.2: [RFC-formatted Draft](https://github.com/cs3org/OCM-API/blob/v1.2.0/IETF-RFC.md) | [API spec](https://cs3org.github.io/OCM-API/docs.html?branch=v1.2.0&repo=OCM-API&user=cs3org)
 * Version 1.1: [README](https://github.com/cs3org/OCM-API/blob/v1.1.0/README.md) | [API spec](https://cs3org.github.io/OCM-API/docs.html?branch=v1.1.0&repo=OCM-API&user=cs3org)
 * Version 1.0: [API spec](https://cs3org.github.io/OCM-API/docs.html?branch=v1.0.0&repo=OCM-API&user=cs3org)
 
diff --git a/spec.yaml b/spec.yaml
index 8b9f7088..4aa54442 100644
--- a/spec.yaml
+++ b/spec.yaml
@@ -9,7 +9,7 @@ x-origin:
 info:
   title: Open Cloud Mesh API
   description: Open Cloud Mesh Open API Specification.
-  version: 1.1.0
+  version: 1.2.0
   x-logo:
     url: logo.png
 paths:
@@ -335,7 +335,7 @@ components:
         apiVersion:
           type: string
           description: The OCM API version this endpoint supports
-          example: 1.1.0
+          example: 1.2.0
         endPoint:
           type: string
           description: The URI of the OCM API available at this endpoint