Skip to main content

Legal Update

US Securities and Exchange Commission Proposes New Short-Term Borrowings Disclosure

1 October 2010
Mayer Brown Legal Update
On September 17, 2010, the Securities and Exchange Commission (SEC) unanimously approved Release Nos. 33-9143; 34-629321 (the Proposing Release), proposing a new, separately captioned subsection of Management’s Discussion and Analysis of Financial Condition and Results of Operations (MDA) that would contain detailed quantitative and qualitative information about a registrant’s short-term borrowings for annual and quarterly periods. This proposal is designed to address balance sheet “window dressing,” a practice whereby some companies intentionally pay down short-term indebtedness just before the end of a reporting period so that such debt, which may be important to the company’s operations, does not appear on the balance sheet.
The Build a Report feature requires the use of cookies to function properly. Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently. If you do not accept cookies, this function will not work. For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.