On January 30, the U.S. Securities and Exchange Commission (SEC) issued interpretive guidance on disclosure of key performance indicators (KPIs) and other metrics in Management’s Discussion & Analysis of Financial Condition and Results of Operations (MD&A), which companies should consider when preparing their upcoming Form 10-K filings. Concurrently, the SEC proposed amendments to modernize, streamline and enhance certain financial disclosure requirements in Regulation S-K. This Sidley Update summarizes the interpretive guidance and the most significant proposed amendments.
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