Lexology

Disclosure Effectiveness Initiative; Environmental and Climate-Related Disclosures

USA - February 3 2020 In remarks last week, Securities and Exchange Commission Chair Clayton discussed the SEC’s proposed amendments to streamline and modernize the…

FINRA Examination Priorities

USA - February 3 2020 FINRA’s 2020 Risk Monitoring and Examination Priorities Letter identifies a number of areas of focus for the examination program in the coming year…

Omitting Discussion of Third Year in MD&A Sections

USA - January 30 2020 As discussed in earlier blog posts, as a result of various FAST Act mandated changes to Regulation S-K, which were adopted by the Securities and…

SEC Proposes Amendments to MD&A

USA - January 30 2020 The Securities and Exchange Commission today voted to propose amendments to the Regulation S-K requirements for Management’s Discussion and Analysis…

SEC Proposes Revised Disclosure Rules for Resource Extraction Issuers

USA - January 28 2020 On December 18, 2019, the US Securities and Exchange Commission (SEC) proposed rules for the reporting of certain payments by resource extraction…

SEC’s Inaugural Capital Call

USA - January 24 2020 On January 23, 2020, the SEC’s Office of the Advocate for Small Business Capital Formation (the “Office”) hosted its first Capital Call, during which…

10 Tips for 10-Ks and Proxy Statements

USA - January 21 2020 With the 2020 proxy and annual reporting season upon us, this Legal Update provides 10 tips for companies to consider when drafting annual reports on…

AICPA Expands Permitted Situations for Agreed-Upon Procedures Engagements

USA - January 14 2020 In December 2019, the American Institute of Certified Public Accountants (AICPA) revised its attestation standards to eliminate certain requirements…

Legal Update: Proposed Amendments to the Accredited Investor Definition

USA - January 8 2020 On December 18, 2019, the Securities and Exchange Commission (“SEC”) proposed amendments to the definition of “accredited investor” and related…

Ring in the New Year with SEC Year-End Guidance

USA - January 7 2020 On December 30, 2019, the SEC’s chairman, chief accountant and director of the division of corporation finance (Division) issued a joint public…