New SEC Rules on Financial Disclosures for Acquisitions and Dispositions

On May 21, 2020, the SEC adopted extensive amendments to the rules governing financial disclosures by registrants about businesses they acquire or dispose of.

They primarily relate to disclosures required by Rule 3-05 and Article 11 of Regulation S-X in registration statements and periodic reports, and, for the most part, they reduce the burden of preparing historical financial statements and pro forma financial information.

Please click here to read the full alert memorandum.