SEC Proposes Amendments to Regulation S-K and Releases Public Statement on Disclosure Initiatives: In Addition to Proposing Amendments to Simplify and Update MD&A Disclosure, the SEC Chairman Released a Public Statement Regarding Environmental and Climate-Related Disclosures and Other Disclosure Initiatives

Sullivan & Cromwell LLP - February 5, 2020
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On January 30, 2020, the Securities and Exchange Commission proposed amendments to modernize, simplify and enhance disclosure requirements in Regulation S-K. The amendments are intended to eliminate duplicative disclosures and to focus on material information for the benefit of investors, while simplifying compliance efforts for registrants. Separately, the SEC issued guidance to provide registrants with disclosure considerations for key performance indicators and metrics disclosed in MD&A.

In addition, on January 30, 2020, SEC Chairman Jay Clayton released a public statement on a variety of topics, including the proposed amendments, environmental and climate-related disclosure, the impact of the coronavirus and other ongoing disclosure modernization initiatives.