Disclosure Requirements

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On August 5, 2020, the Securities and Exchange Commission will hold an open meeting, which will be webcast, in order to, among other things, consider whether to propose amendments to the advertising rules for business development companies and registered investment companies.  The SEC also will consider whether to propose rules and form amendments intended to…

The SEC Office of the Investor Advocate is required to produce and deliver to Congress a report on its objectives for the subsequent fiscal year.  Just recently, the Investor Advocate released and delivered its report outlining the principal objectives for the fiscal year 2021.

The report expresses growing concern regarding the Securities and Exchange Commission’s…

On June 30, 2020, Securities and Exchange Commission (“SEC”) Chair Jay Clayton moderated a roundtable concerning pandemic-related disclosure considerations.  The roundtable included Gary Cohn, former Director of the National Economic Council, Glenn Hutchins, co-founder of Silver Lake Partners, Tracy Maitland, President of Advent Capital Management, and Barbara Novick, the Vice Chair of BlackRock.  The Director…

PLI Webinar
July 7, 2020
1:00 pm – 2:00 pm EDT
Register here.

On May 21, 2020, the U.S. Securities and Exchange Commission adopted amendments to financial statement disclosures with respect to business acquisitions and dispositions required by Regulation S-X’s Rule 3-05 (Financial Statements of Businesses Acquired or to be Acquired (Rule 3-05)),…

Not deterred by the pandemic, the Securities and Exchange Commission seems to be continuing its work tackling the items on the regulatory agenda.  Today, the SEC announced that adopted amendments to its requirements related to disclosures for acquisitions and dispositions.  We had previously blogged and written about these proposals.

The amendments affect Regulation S-X, including…

The Securities and Exchange Commission recently announced another meeting of its Investor Advisory Committee.  The virtual public meeting will be open to the public and webcast on May 21, 2020 starting at 10:00 am Eastern Time.  The Committee’s agenda includes a panel discussion regarding index funds, and a panel discussion regarding credit rating agencies.

The…

Intelligize Webinar
April 29, 2020
1:00 pm – 2:00 pm ET
Register here 

The use of non-GAAP financial measures by public companies continues to draw regulatory scrutiny and media attention. Companies often use these measures to supplement GAAP numbers and convey information they believe is relevant, meaningful and useful in understanding financial position, performance and…

Friday, April 17, 2020
11:00am – 12:00pm EDT
Register here.

On April 8, 2020, SEC Chair Clayton and Division of Corporation Finance Director Bill Hinman issued a joint statement urging companies to focus their near-term quarterly earnings releases, analyst and investor calls and other communications with the market on their current, planned and expected…

Thursday, April 23, 2020
2:00pm – 3:00pm EDT
Register here.

Practices for public companies relating to earnings calls, earnings guidance and investor updates vary. Especially in uncertain and volatile markets, preparing for these important communications requires careful consideration of a number of factors, including the recent statements and guidance from the Securities and Exchange…

The SEC’s Division of Corporation Finance today published CF Disclosure Topic No. 9 providing the Staff’s current views regarding disclosure and securities law obligations that companies should consider in connection with the coronavirus and related market and business disruptions.  The guidance can be found here.

A Legal Update will follow shortly reviewing the guidance.