Video instructions and help with filling out and completing Will Form 5495 Liability

Instructions and Help about Will Form 5495 Liability

Music I'm attorney Laura Anthony founding partner of Legal & Compliance a full service corporate securities and business transactions law firm today is the continuation in a lawcast series talking about the SE C's proposed rule amendments to modernize and simplify disclosure requirements for public companies investment advisors and investment companies in the next few lawcast in this series i will go through the rule amendments proposed by the SEC on October 11 2017 following which I will go through rule amendments proposed earlier on July 13 2016 which amendments are slated for action this year first under a description of property item 102 I don't want o to requires disclosure of the location and general character of the principal plants mines and other materially important physical properties of the company and its subsidiaries the instructions to item 102 require the company to disclose information reasonable to inform investors as to the suitability adequacy productive capacity and utilization of facilities the proposed amendment will emphasize materiality and require a company to disclose physical properties only to the extent that such properties are material to the company second management discussion and analysis are MDNA item 303 item 303 a requires a company to discuss their financial condition changes in financial condition and results of operations using a year-to-year comparison the discussion is required to cover the period of the financial statements in the report ie two years for smaller reporting companies or emerging growth companies and three years four others where trend information is relevant the discussion may include five years with the disclosure of selected financial data in graph form the proposed amendment would allow the company to eliminate the earliest year in its discussion as long as the discussion is not material to an understanding of the current financial condition and the company has filed a prior Form 10-k with an MD n a discussion of the omitted year the proposed amendment will also eliminate the reference to a five year look-back in the instructions but rather a company will be able to use any presentation of information that it believes will enhance a readers understanding of its financial condition the amendments will flow through to foreign private issuers as well with conforming changes to the instructions for item five of form 20s next directors executive officers promoters and control persons item 401 item 401 requires disclosure of identifying and background information about a company's directors executive officers and significant employees the proposed amendments will clarify the instruction to item 401 to clarify that the information is not required to be duplicated in various parts of a Form 10-k and/or proxy statement but need only appear once and may be incorporated by reference in other parts of the reports I'm securities attorney Laura Anthony founding partner of Legal & compliance and producer of lawcast should you have any questions about today's topic please visit securitieslawblog.com and lawcast.com or contact me directly inquiries of a technical nature are always encouraged Music Music Music