Management's discussion and analysis of financial condition and results of operations (MD&A)
Disclosure requirements under US securities laws arise principally from periodic reporting and filing requirements. Companies registered with the Securities and Exchange Commission (www.practicallaw.com/A36905)(SEC) must provide reports annually and quarterly in prescribed forms. The MD&A is a required part of the disclosure in a registration statement (www.practicallaw.com/A36783) under the Securities Act of 1933 (www.practicallaw.com/A36904) or Form 10-K or 10-Q under the Securities Exchange Act of 1934 (www.practicallaw.com/A36908), where management of the issuer explains, in narrative form, the financial results of operations and financial liquidity of a company.
For further information, see theSEC website (www.practicallaw.com/T336).