On August 8, 2019, the Securities and Exchange Commission (“SEC”) proposed amendments1 to crucial disclosure requirements under Regulation S-K, including Item 101 (Description of Business), Item 103 (Legal Proceedings) and...more
In light of the increased spotlight on environmental, social and governance (“ESG”) disclosures, White & Case’s Public Company Advisory Group conducted a survey of environmental and social (“E&S”) disclosures in the...more
6/27/2019
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On May 3, 2019, the Securities and Exchange Commission (the "SEC") proposed amendments to its rules governing disclosure of financial statements by public companies or in initial public offerings ("IPOs") in connection with...more
5/20/2019
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Disclosure Requirements ,
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Foreign Corporations ,
GAAP ,
IFRS ,
Initial Public Offering (IPO) ,
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Investors ,
Pro Forma Financial Information ,
Proposed Amendments ,
Public Comment ,
Publicly-Traded Companies ,
Regulation S-X ,
Securities and Exchange Commission (SEC)
New Proposed Rules Aim to Eliminate Auditor's Attestation Requirement on Internal Controls under SOX 404(b) for Smaller Reporting Companies with less than $100 million in Revenues -
On May 9, 2019, the SEC proposed...more
5/18/2019
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Internal Controls ,
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Regulatory Burden ,
Sarbanes-Oxley ,
Section 404 ,
Securities and Exchange Commission (SEC) ,
Smaller Reporting Companies
On March 20, 2019, the SEC voted to adopt amendments to modernize and simplify disclosure requirements for public companies, investment advisers, and investment companies. The amended rules, which are based on amendments...more
4/8/2019
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Audits ,
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Fixing America’s Surface Transportation Act (FAST Act) ,
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Form 10-K ,
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Initial Public Offering (IPO) ,
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Regulation S-K ,
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XBRL Filing Requirements
In his March 15, 2019 speech1 at the 18th Annual Institute on Securities Regulation in Europe, William Hinman, Director of the Securities and Exchange Commission's ("SEC") Division of Corporation Finance ("Corp Fin"),...more
4/2/2019
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Climate Change ,
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Division of Corporate Finance ,
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Securities and Exchange Commission (SEC) ,
Sustainability ,
UK Brexit
On February 6, 2019, the Securities and Exchange Commission's Division of Corporation Finance ("Corp Fin") posted two identical Compliance & Disclosure Interpretations ("C&DIs") relating to diversity disclosure under Items...more
This memorandum outlines considerations for foreign private issuers ("FPIs") in preparation for the 2019 annual reporting season. Part I (pg. 2) provides a summary of certain key trends and insights from the 2018 US proxy...more
1/16/2019
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Shareholder Proposals ,
XBRL Filing Requirements
SEC Adopts Hedging Rules, Extends Regulation A to all Public Companies and Solicits Comments on Earnings Releases and Quarterly Reports.
SEC Adopts Rules for Public Companies to Use Regulation A -
Keeping up with the...more
1/15/2019
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Capital Raising ,
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Earnings Reports ,
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Securities and Exchange Commission (SEC)