SEC: Disclosure Guidance

SEC Sample Letter on China-Specific Disclosures

The SEC's Division of Corporation Finance issued a sample letter reminding China-based public companies of their disclosure obligations under the Holding Foreign Companies Accountable Act (HFCAA) and federal securities laws. The guidance focuses on risks related to the PRC government's role, variable interest entity structures, and forced labor concerns.

SEC Sample Letter on XBRL Disclosures

The SEC's Division of Corporation Finance has issued a sample letter providing illustrative comments on XBRL and Inline XBRL disclosures for companies. This guidance aims to improve the quality of corporate financial data filed under the Securities Act and Exchange Act, particularly in light of the Financial Data Transparency Act.

SEC Sample Letter on Crypto Asset Market Developments (Withdrawn)

The SEC has withdrawn a sample letter issued in December 2022 that provided guidance to companies on their disclosure obligations related to crypto asset market developments. The letter, which was intended to help companies assess and disclose the impact of market events on their business, is no longer considered current guidance.

SEC Guidance on COVID-19 Business Disclosures

The SEC's Division of Corporation Finance issued guidance on COVID-19 business disclosures on March 25, 2020. This guidance has since been withdrawn as of May 6, 2025, indicating it is no longer current.

SEC COVID-19 Disclosure Considerations for Company Operations

The SEC's Division of Corporation Finance issued guidance on COVID-19 disclosure considerations for public companies regarding operations, liquidity, and capital resources. This guidance, originally issued on June 23, 2020, has since been withdrawn.