Client Alert: SEC Revises Disclosure Requirements Regarding Management’s Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information
On November 19, 2020, the Securities and Exchange Commission (the Commission or the SEC) finalized amendments to its rules and forms relating to disclosure requirements applicable to various public filings, such as registration statements, periodic reports, and certain proxy statements filed with the SEC. These amendments are intended to promote a more principles-based and materiality-focused approach to disclosure obligations in an effort to (i) increase the relevancy and materiality of the information disclosed in a company’s filings, (ii) eliminate duplicative disclosures, and (iii) enhance Management’s Discussion & Analysis of Financial Condition and Results of Operations (MD&A) disclosures for the benefit of investors, while at the same simplifying compliance efforts for companies. The amendments are part of the Commission’s efforts to modernize, simplify, and enhance certain financial disclosure requirements in Regulation S-K.
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© 2026 Jenner & Block LLP. Attorney Advertising. Jenner & Block LLP is an Illinois Limited Liability Partnership including professional corporations. This publication, presentation, or event is not intended to provide legal advice but to provide information on legal matters and/or firm news of interest to our clients and colleagues. Readers or attendees should seek specific legal advice before taking any action with respect to matters mentioned in this publication or at this event. The attorney responsible for this communication is Brent E. Kidwell, Jenner & Block LLP, 353 N. Clark Street, Chicago, IL 60654-3456. Prior results do not guarantee a similar outcome. Jenner & Block London LLP, an affiliate of Jenner & Block LLP, is a limited liability partnership established under the laws of the State of Delaware, USA and is authorised and regulated by the Solicitors Regulation Authority with SRA number 615729. Information regarding the data we collect and the rights you have over your data can be found in our Privacy Notice. For further inquiries, please contact dataprotection@jenner.com.
On November 19, 2020, the Securities and Exchange Commission (the Commission or the SEC) finalized amendments to its rules and forms relating to disclosure requirements applicable to various public filings, such as registration statements, periodic reports, and certain proxy statements filed with the SEC. These amendments are intended to promote a more principles-based and materiality-focused approach to disclosure obligations in an effort to (i) increase the relevancy and materiality of the information disclosed in a company’s filings, (ii) eliminate duplicative disclosures, and (iii) enhance Management’s Discussion & Analysis of Financial Condition and Results of Operations (MD&A) disclosures for the benefit of investors, while at the same simplifying compliance efforts for companies. The amendments are part of the Commission’s efforts to modernize, simplify, and enhance certain financial disclosure requirements in Regulation S-K.
To read the full article, please click here.
Related Lawyers
Related Capabilities
Related Locations
© 2026 Jenner & Block LLP. Attorney Advertising. Jenner & Block LLP is an Illinois Limited Liability Partnership including professional corporations. This publication, presentation, or event is not intended to provide legal advice but to provide information on legal matters and/or firm news of interest to our clients and colleagues. Readers or attendees should seek specific legal advice before taking any action with respect to matters mentioned in this publication or at this event. The attorney responsible for this communication is Brent E. Kidwell, Jenner & Block LLP, 353 N. Clark Street, Chicago, IL 60654-3456. Prior results do not guarantee a similar outcome. Jenner & Block London LLP, an affiliate of Jenner & Block LLP, is a limited liability partnership established under the laws of the State of Delaware, USA and is authorised and regulated by the Solicitors Regulation Authority with SRA number 615729. Information regarding the data we collect and the rights you have over your data can be found in our Privacy Notice. For further inquiries, please contact dataprotection@jenner.com.
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