SEC Proposes Improvements to Disclosures About Acquisitions and Dispositions of Businesses

The SEC has issued a proposed rule, Amendments to Financial Disclosures About Acquired and Disposed Businesses.

The proposal would “improve the disclosure requirements for financial statements relating to acquisitions and dispositions of businesses, including real estate operations and investment companies.”

Comments on the proposed rule are due 60 days after the date of its publication in the Federal Register. For more information, see our related Heads Up newsletter as well as the press release and proposed rule on the SEC’s Web site.