SEC Proposes Amendments to Disclosures about Acquired and Disposed Businesses

On May 3, 2019, the SEC proposed amendments to the financial disclosure requirements for acquired and disposed businesses. The proposal is part of the SEC’s Disclosure Effectiveness Initiative and follows the SEC’s Request for Comment on the Effectiveness of Financial Disclosures about Entities Other Than the Registrant[1] published in September 2015.  The proposed changes are intended to enhance the financial information about acquired and disposed businesses for investors, facilitate access to capital, and reduce the complexity and cost to prepare the required disclosures.
 

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