SEC Shines a Spotlight on Short-Term Borrowings: Issues Guidance and Proposes New Disclosure Requirements
On September 18, 2010, the SEC proposed amendments which would require both financial and nonfinancial companies to disclose additional information in registration statements and periodic reports about intra-period short-term borrowings. At the same time, the SEC also issued interpretive guidance on existing liquidity and capital resource disclosure requirements, particularly with respect to short-term borrowings.
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