In this practice note, we discuss market trends in capital markets and securities-related considerations during the COVID-19 pandemic. It describes how the US Securities and Exchange Commission (“SEC”) addressed the effects of the pandemic through exemptive orders and guidance and discusses key disclosure matters, including risk factors, management’s discussion and analysis of financial position and
Preparing Your 20-F Filing
February 24, 2022 Webinar
12:00pm – 1:00pm EST
Register here.
In recent years, the SEC has continued to execute on its disclosure effectiveness initiative, which has its objective eliminating redundant and outdated disclosure requirements, as well as modernizing the requirements applicable to SEC-reporting companies. As a result, the SEC has adopted a number of
What’s the Deal? – Initial Public Offerings: Pre-Filing Period
The COVID-19 pandemic had a significant impact on the IPO process. Testing-the-waters meetings had consistently increased in number in recent years, which resulted in shorter IPO roadshows even pre-pandemic. Roadshows continued to be compressed during the transition to virtual roadshows, a format which many institutional investors have become accustomed to now as a result of
Preparing for the 2022 US Proxy and Annual Reporting Season
November 15, 2021 Webinar
1:00pm – 2:00pm EDT
Register here.
With the autumn leaves beginning to fall, it is once again time to prepare for proxy and annual report season. Companies will have to weigh various considerations this upcoming proxy season, including the objectives of new leadership at the US Securities and Exchange Commission
Best Practices for Earnings Calls and Investor Updates
August 4, 2021 Webinar
1:00pm EDT – 2:00pm EDT
Register here.
Practices for public companies relating to earnings calls, earnings guidance and investor updates vary. Especially in uncertain and volatile markets, preparing for these important communications requires careful consideration of a number of factors, including the recent statements and guidance from the Securities and
Medium-Term Note Programs
Medium-Term Note Programs Webinar
June 8, 2021, 1:00pm – 2:00pm EDT
Register here.
Medium-term note (“MTN”) programs are continuous offering programs that enable issuers to offer debt securities in an efficient and expedited manner. MTN programs have unique documentation, as opposed to benchmark underwritten offerings. Most MTN programs have the ability to offer debt
New Human Capital Disclosure Requirements; Inconsistent 10-K Disclosures
Prior to 2020, the last significant revisions to Regulation S-K were over 30 years ago. As modernization of the human capital disclosure requirements have caught up with the times, companies are faced with setting reporting precedents. See our previous post that provides an explanation of the Regulation S-K amendments.
How did companies respond to the
MD&A Tune-Up
In 2020, the SEC issued new guidance on MD&A in light of COVID-19. The authors of this Securities & Commodities Regulation article discuss this guidance in detail, as well as recent amendments to Item 303 of Regulation S-K, and guidance on key performance indicators. They then turn to discussions of disclosure obligations relating to cybersecurity
Market Trends 2020/21: Commercial Paper
Lexis Practice Advisor
This practice note provides an overview of post-financial crisis market trends in the commercial paper market which went through significant restructuring and witnessed a reduction in the use of commercial paper to securitize assets. The note examines the market structure and evolution and legal and regulatory trends and discusses crisis programs established
MB Microtalk: COVID-related Non-GAAP Financial Measures
In this microtalk video, Laura Richman discusses the use by SEC registrants of non-GAAP financial measures involving COVID-19 adjustments.
Visit our MB Microtalk page for more topics and talks.