Preparing an Annual Report on Form 20-F – Guide for 2022

December 14, 2021

This alert memorandum summarizes considerations that will affect the preparation of the annual report of a foreign private issuer on Form 20‑F for the year ended December 31, 2021. 

During 2021, there were only limited changes to Form 20‑F and the applicable rules.  However, extensive changes adopted in previous years have become mandatory during the course of 2021, after being optional for an initial period.  Part I of this memorandum reviews all these changes. 

In Part II, we review Form 20-F disclosure topics that are attracting particular attention in SEC public statements and recent comment letters.  Part III addresses rule changes in other areas that could have a bearing on the annual report on Form 20-F.