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The SEC proposed amending its rules under Regulation S-K to eliminate the requirement for companies to include selected financial data, selected quarterly financial data and contractual obligations tables in filings. The proposal also would change or clarify certain disclosures in MD&A and codify requirements for disclosures of critical accounting estimates that currently appear only in interpretive guidance. The proposal is part of the SEC’s disclosure effectiveness initiative. Comments are due within 60 days of publication in the Federal Register.