Like all recent disclosure effectiveness rule amendments and proposals, the MD&A rule changes are meant to modernize and take a more principles-based approach to disclosure requirements. https://t.co/lEhbccFfiM #MDandA#SEC#AnthonyLG
Continuing its ongoing disclosure effectiveness initiative on November 19, 2020, the SEC adopted amendments to the disclosures in Item 303 of Regulation S-K – Management’s Discussion & Analysis of Financial Conditions and Operations (MD&A). https://t.co/lEhbccFfiM #SEC#AnthonyLG
The rule changes are also intended to reduce repetition and disclosure of information that is not material. https://t.co/lEhbccFfiM #MDandA#SEC#AnthonyLG
Continuing its ongoing disclosure effectiveness initiative on November 19, 2020, the SEC adopted amendments to the disclosures in Item 303 of Regulation S-K – Management’s Discussion & Analysis of Financial Conditions and Operations (MD&A). https://t.co/AEcS8pckt2 #SEC#AnthonyLG
Like all recent disclosure effectiveness rule amendments and proposals, the MD&A rule changes are meant to modernize and take a more principles-based approach to disclosure requirements. https://t.co/AEcS8pckt2 #MDandA#SEC#AnthonyLG
The rule changes are also intended to reduce repetition and disclosure of information that is not material. https://t.co/AEcS8pckt2 #MDandA#SEC#AnthonyLG
However, a company is not required to use this updating method. The SEC anticipates that the updating method will apply mainly to registration statements. https://t.co/vdomz0EAab #SEC#Item101#AnthonyLG
However, a company is not required to use this updating method. The SEC anticipates that the updating method will apply mainly to registration statements. https://t.co/n49enTXhlj #SEC#Item101#AnthonyLG
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A company may also file a post-effective amendment to the Form S-3 as a result of fundamental changes, which post-effective amendment would act as a Section 10(a)(3) update. https://t.co/n49enTXhlj #FormS3#S3#AnthonyLG
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2020, questions have arisen as to whether a S-3 prospectus supplement filed after November 9, 2020 must comply with the new rules. https://t.co/n49enTXhlj #SEC#RiskFactors#AnthonyLG
Even though Item 105 – Risk Factors – are specifically required to be included in the supplement, the SEC will allow a company to continue to use the old rules until its next section 10(a)(3) update (i.e. the filing of its next 10-K). https://t.co/n49enTXhlj #SEC#AnthonyLG
A Tier II finder is subject to certain disclosure requirements, including as to their role and compensation, and must obtain a written dated disclosure acknowledgement from the investor prior to any investment solicitation. https://t.co/GHlk0yd0O3 #Finders#SEC#AnthonyLG
(iii) discuss company information including about the offering but may not provide advice on valuation or the advisability of making an investment; and (iv) arrange or participate in meetings with the company and investor. https://t.co/GHlk0yd0O3 #SEC#Finders#AnthonyLG