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.
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