Companies can elect to comply with the SEC’s recent amendments to Regulation S-K in filings, including upcoming Form 10-K filings for calendar year-end companies, and compliance will be mandatory during 2021. The amendments eliminate the requirement in Item 301 of Regulation S-K for a registrant to present a five-year selected financial data table and allow registrants to omit the Item 302 table of selected quarterly financial data unless there has been a material retrospective change affecting comprehensive income. They also amend certain Item 303 requirements for management’s discussion and analysis (MD&A).
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