• Login
    • Advanced search
    • Title
    • Channel
    • Module
  • Home
  • Industry
    • Financial Institutions and Insurance

      • Financial Institutions
      • Insurance
    •  

      • Aerospace, Defense, and Government Services
      • Automotive and Mobility 
      • Consumer
      • Diversified Industrials
      • Education
      • Energy and Natural Resources
      • Life Sciences and Health Care
      • Real Estate
      • Sports, Media & Entertainment
      • Technology & Telecoms
      • Transport & Logistics
  • Practice
    • Corporate & Finance

      • Banking and Loan Finance
      • Blockchain
      • Business Restructuring and Insolvency
      • Debt Capital Markets
      • Leveraged and Acquisition Finance
      • Pensions
      • Real Estate
      • Real Estate Investment Trusts (REITs)
      • Tax
      • Transfer Pricing
    • Global Regulatory

      • Administrative and Public Law
      • Antitrust and Competition
      • Communications, Internet, and Media
      • Education
      • Environment and Natural Resources
      • Financial Services
      • Food Law
      • Gaming Law
      • Government Contracts and Public Procurement
      • Government Relations and Public Affairs
      • Health Law
      • Immigration
      • International Trade and Investment
      • Medical Device and Technology Regulatory
      • Pharmaceuticals and Biotechnology Regulatory
      • Privacy and Cybersecurity
      • Space and Satellite
    • Intellectual Property

      • Copyright
      • Designs
      • Domain Names
      • IP and Technology Transactions
      • IP Enforcement
      • Patents
      • Trade Secrets and Confidential Know-how
      • Trademarks and Brands
      • Unfair Competition
    • Litigation, Arbitration, and Employment

      •  
  • Resources
  • Engage Premium
  • Login
  • Register
Hogan Lovells Engage 5.3.14
      • Title
      • Channel
      • Module
    • Hit ENTER to search in content
    • Advanced search
    • Login
  • Home
  • Industry
    • Financial Institutions and Insurance

      • Financial Institutions
      • Insurance
    •  

      • Aerospace, Defense, and Government Services
      • Automotive and Mobility 
      • Consumer
      • Diversified Industrials
      • Education
      • Energy and Natural Resources
      • Life Sciences and Health Care
      • Real Estate
      • Sports, Media & Entertainment
      • Technology & Telecoms
      • Transport & Logistics
  • Practice
    • Corporate & Finance

      • Banking and Loan Finance
      • Blockchain
      • Business Restructuring and Insolvency
      • Debt Capital Markets
      • Leveraged and Acquisition Finance
      • Pensions
      • Real Estate
      • Real Estate Investment Trusts (REITs)
      • Tax
      • Transfer Pricing
    • Global Regulatory

      • Administrative and Public Law
      • Antitrust and Competition
      • Communications, Internet, and Media
      • Education
      • Environment and Natural Resources
      • Financial Services
      • Food Law
      • Gaming Law
      • Government Contracts and Public Procurement
      • Government Relations and Public Affairs
      • Health Law
      • Immigration
      • International Trade and Investment
      • Medical Device and Technology Regulatory
      • Pharmaceuticals and Biotechnology Regulatory
      • Privacy and Cybersecurity
      • Space and Satellite
    • Intellectual Property

      • Copyright
      • Designs
      • Domain Names
      • IP and Technology Transactions
      • IP Enforcement
      • Patents
      • Trade Secrets and Confidential Know-how
      • Trademarks and Brands
      • Unfair Competition
    • Litigation, Arbitration, and Employment

      •  
  • Resources
  • Engage Premium
  • Login
  • Register
  1. News
  2. SEC amends rules on financial reporting of business acquisitions and dispositions

SEC amends rules on financial reporting of business acquisitions and dispositions

SEC Update
23 June 2020
    • Share by email
    • Share on
    • Twitter
    • LinkedIn
    • Get link
    • Download
    • Print

The SEC recently adopted comprehensive amendments to its rules that govern financial statement requirements for acquisitions or dispositions of significant businesses or other assets. The rules specify the historical financial statements of the business or assets and the related pro forma financial information a registrant must include in its Exchange Act and Securities Act filings. Registrants will first be required to comply with the amended rules at the beginning of their fiscal year commencing after December 31, 2020.

The amended rules update tests for measuring the "significance" of an acquired business to limit the over-identification of acquisitions as material to a registrant. Some of the rule changes substantially conform significance testing for disposed businesses to testing for acquired businesses, while others align the financial statement requirements for acquisitions of real estate operations with those applicable to other types of acquired businesses. In addition to enhancing consistency in financial reporting, the amendments reduce some financial statement filing burdens and, consistent with the SEC's disclosure effectiveness initiative, clarify and codify many requirements that previously had developed in market practice or been articulated in SEC staff guidance.

The SEC's 267-page adopting release for the amended rules (Release No. 33-10786) can be viewed here.

 

Read More:

button

 

 

Contacts
Alan Dye
Partner
Washington, D.C.
Kevin Greenslade
Partner
Northern Virginia
Richard Parrino
Partner
Washington, D.C.
Lillian Tsu
Partner
New York
Andrew Zahn
Partner
Washington, D.C.
Steve Abrams
Partner
Philadelphia
Alex Bahn
Partner
Washington, D.C.
John Beckman
Partner
Washington, D.C.
David Bonser
Partner
Washington, D.C.
Glenn Campbell
Partner
Baltimore
David Crandall
Partner
Denver
John Duke
Office Managing Partner
Philadelphia
Allen Hicks
Partner
Washington, D.C.
Paul Hilton
Partner
Denver
William Intner
Partner
Baltimore
Bob Juelke
Partner
Philadelphia
Paul Manca
Partner
Washington, D.C.
Michael McTiernan
Partner
Washington, D.C.
Brian O'Fahey
Partner
Washington, D.C.
Les Reese
Partner
Washington, D.C.
Richard Schaberg
Partner
Washington, D.C.
Michael Silver
Partner
New York
Abigail Smith
Partner
Washington, D.C.
Tifarah Allen
Counsel
Washington, D.C.
Jessica Bisignano
Partner
Philadelphia
Tiffany Posil
Partner
Washington, D.C.
Additional Resources
  • The SEC's 267-page adopting release for the amended rules (Release No. 33-10786)
Keywords Stock Exchange Listings and Regulatory Compliance, Disclosure and Reporting Obligations, Securities and Public Company Advisory, Mergers and Acquisitions
Languages English
Topics REITs
Countries United States
Delete Comment ?

Are you sure want to delete comment ?

Get link
Embed
Share by email