Regulatory Alerts2020-08-31 | 2020-11479Added
Amendments to Financial Disclosures About Acquired and Disposed Businesses
The Securities and Exchange Commission adopted final rules amending Regulation S-X to improve financial disclosure requirements for acquired and disposed businesses, including real estate operations and investment companies. These amendments simplify significance tests and disclosure obligations to reduce compliance complexity and costs while providing investors with more meaningful financial information. The final rules became effective on January 1, 2021, with specific transition provisions for registrants to adapt to the new standards.
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