What is Item 302 A?
Current Item 302(a) of Regulation S-K requires certain companies to disclose (i) selected financial data for each quarter of the last two completed fiscal years and any subsequent interim period, and (ii) variances of those results from amounts previously reported on Form 10-Q.
What is Item 303 Regulation S-K?
Current Item 303(b) requires companies to provide MD&A disclosure for interim periods that enables market participants to assess material changes in financial condition and results of operations between certain specified periods.
What is an SK disclosure?
Regulation S-K is a Securities and Exchange Commission (SEC) regulation that outlines how registrants should disclose material qualitative descriptors of their business on registration statements, periodic reports, and any other filings.
Who does Regulation S-K apply to?
Applicability. In a company’s history, Regulation S-K first applies with the Form S-1 that companies use to register their securities with the U.S. Securities and Exchange Commission (SEC) as the “registration statement under the Securities Act of 1933”.
What change has the SEC proposed to make to 303 MD&A of Regulation S-K?
There are also 14 instructions to current Item 303(a) of Regulation S-K. The SEC adopted a new Item 303(a) largely as proposed to succinctly state the purposes of MD&A by incorporating a portion of the substance of Instruction 1, as well as much of the substance of Instructions 2 and 3, into the item.
What change has the SEC proposed to make to 303 MD&A of Regulation SK?
What is liquidity and capital resources?
Definition. The term Liquidity and Capital Resources refers to a section of the Management’s Discussion and Analysis of Financial Condition that provides insights into the company’s need for cash as well as its sources of cash.
What is the change in SK 101 103 and 105?
On August 26, 2020, the Securities and Exchange Commission (the “Commission”) adopted amendments to modernize the description of business (Item 101), legal proceedings (Item 103), and risk factor disclosures (Item 105) that registrants are required to make pursuant to Regulation S-K.
Does Regulation S-K apply to Form 10-Q?
What exhibits are required to be filed with Form 10-Q? In addition to the various applicable exhibits required by Item 601 of Regulation S-K, the following documents must be filed as exhibits to each Form 10-Q: Sarbanes-Oxley certifications; • XBRL files; and • mine safety disclosure exhibit (if applicable).
What is a form 10 spinoff?
SEC Form 10-12B is a regulatory filing that the issuer of shares via a spinoff must report. A spinoff occurs when a parent company creates a new independent company through the distribution or sale of new shares of its existing business.
When Must Form 8 K be filed with the SEC?
When is Form 8-K Required? Form 8-K is a mandatory disclosure under the Exchange Act, and must be filed with the SEC within four business days of the occurrence of any material event.
Is MD&A required?
The MD&A is just one of many sections required by the Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB) to be included in a public company’s annual report to shareholders.
What is required in MD&A?
Under the SEC’s updated MD&A rules, registrants must provide reasonably available qualitative and quantitative information that is material and necessary in order to understand the estimation uncertainty and the impact that the critical accounting estimate has had or is likely to have on financial condition or results …
What is an MD & A?
The Management’s Discussion and Analysis (MD&A) is an important disclosure in an annual report because it summarizes the financials and relays management’s insights into the company’s performance. Unlike other disclosures, it is written as a narrative, which allows it to offer key information in a more digestible way.
Does Regulation SK apply to Form 10 Q?