Corporate Governance and Capital Markets Update

SEC Adopts Amendments to MD&A and Other Financial Disclosure Requirements

November 23, 2020

On November 19, the U.S. Securities and Exchange Commission (SEC) adopted amendments to streamline and enhance certain financial disclosure requirements in Regulation S-K. The changes to the Management’s Discussion & Analysis of Financial Condition and Results of Operations (MD&A) disclosures in Item 303 emphasize the principles-based approach the SEC has favored recently and eliminate several more prescriptive requirements. This Sidley Update summarizes the most significant amendments, which companies should consider when preparing their upcoming Form 10-K filings.

Please click here to view the Sidley Update in PDF format.

律师广告—Sidley Austin LLP 是一家全球性律师事务所。我们的地址及联系方式可在 www.sidley.com/en/locations/offices 查阅。

Sidley 提供本信息仅作为向客户及其他友好人士提供的服务，且仅供教育目的使用。本信息不应被解释或依赖为法律意见，亦不构成律师与客户关系。读者在未寻求专业顾问意见之前，不应依据本信息采取任何行动。Sidley 和 Sidley Austin 指 Sidley Austin LLP 及其关联合伙实体，详见 www.sidley.com/disclaimer。

© Sidley Austin LLP