November 23, 2020
Authored by: R. Randall Wang and Vicki Westerhaus
In yet another 3-2 vote, on November 19, 2020, the SEC adopted significant amendments to MD&A and related financial disclosures in order to streamline disclosures and move to a more “principles-based approach.” Among other things, the amendments:
- Eliminate Item 301 (Selected Financial Data);
- Simplify Item 302(a) (Quarterly Tabular Disclosure); and
- Simplify Item 303 (MD&A)
We have prepared a client alert describing the amendments that can be found here.