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Through the eyes of the SEC: SEC adopts amendments to MD&A disclosure requirements | Eversheds Sutherland (US) LLP


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On November 19, 2020, the United States Securities and Exchange Commission (the SEC) adopted amendments (the Adopted Amendments)
1 to Items 301 (selected financial data), 302 (supplementary financial data), and 303 (Management’s Discussion & Analysis of Financial Condition and Results of Operations (the MD&A)) of Regulation S-K.
According to the SEC, the Adopted Amendments modernize, simplify and enhance disclosures called for by Regulation S‑K. The Adopted Amendments could reduce registrants’ (including business development companies (BDCs)) disclosure burden and associated compliance costs by eliminating duplicative disclosure requirements and by modernizing and simplifying Item 303 disclosure requirements while still providing material information to investors. To the extent the Adopted Amendments result in more tailored and informative disclosure, the Adopted Amendments could reduce the informat ....

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