Regulatory Alerts2021-01-11 | 2020-26090Added · Updated
SEC Final Rule on Management's Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information
The Securities and Exchange Commission adopted amendments to Regulation S-K to modernize and simplify financial disclosure requirements for public companies. The rule eliminates the mandatory five-year Selected Financial Data table and the quarterly Supplementary Financial Information table, replacing them with principles-based requirements focused on material information. Additionally, the Commission streamlined the Management’s Discussion and Analysis section by codifying guidance on critical accounting estimates and requiring disclosure of material cash requirements and off-balance sheet arrangements within the broader MD&A context.
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