SEC Adopts Amendments to Modernize and Enhance MD&A and other Financial Disclosures

By | 12/02/2020 | 9:03 am ET

On Nov. 19, 2020, the SEC adopted amendments to specific financial disclosure requirements in Regulation S-K, proposed on Jan. 30, 2020. The commission has considered suggestions from the comment letters as well as the SEC Division of Corporation Finance. Overview: Eliminating Item 301 (Selected Financial Data): Registrants are not required to provide 5 years of selected financial data. Amending Item 302(a) (Supplementary Financial Information): The current requirement of 2 years…

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