Jenner & Block

Client Advisory: Disclosure of Off-Balance Sheet Arrangements and Aggregate Contractual Obligations

An article discussing amendments that require an issuer to provide an explanation of its off-balance sheet arrangements in a separately captioned subsection of the MD&A contained in the issuer's disclosure documents and to provide aggregate contractual obligations in tabular form . The disclosure requirements are effective for registration statements, annual reports and proxy or information statements that are required to include financial statements for fiscal years ending on or after June 15, 2003 with respect to off-balance sheet arrangements and December 15, 2003 for tabular information.