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SEC RIN: 3235-AL77 Publication ID: Spring 2020 
Title: Amendments to Financial Disclosures About Acquired Businesses 
Abstract:

The Division is considering recommending that the Commission adopt amendments to Regulation S-X (Rule 3-05) that affect the disclosure of financial information of acquired businesses.  When a registrant acquires a business other than a real estate operation, Rule 305 generally requires a registrant to provide separate audited annual and unaudited interim pre-acquisition financial statements of the business if it is significant to the registrant.

 
Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 17 CFR 210    17 CFR 230    17 CFR 239    17 CFR 240    17 CFR 249    17 CFR 270    17 CFR 274    17 CFR 229    17 CFR 232   
Legal Authority: 15 U.S.C. 77g    15 U.S.C. 77j    15 U.S.C. 77s(a)    15 U.S.C. 77z-3    15 U.S.C. 78c(b)    15 U.S.C. 78l    15 U.S.C. 78m    15 U.S.C. 78o(d)    15 U.S.C. 78w(a)    15 U.S.C. 778mm    15 U.S.C. 77c    15 U.S.C. 77f    15 U.S.C. 80a-6(c)    15 U.S.C. 80a-8    15 U.S.C. 80a-24(a)    15 U.S.C. 80a-29    15 U.S.C. 80a-37   
Legal Deadline:  None
Timetable:
Action Date FR Cite
ANPRM  10/01/2015  80 FR 59083   
ANPRM Comment Period End  11/30/2015 
NPRM  05/28/2019  84 FR 24600   
NPRM Comment Period End  07/29/2019 
Final Action  10/00/2020 
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: Undetermined 
Small Entities Affected: Businesses  Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: Yes 
Agency Contact:
Todd Hardiman
Division of Corporation Finance
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549
Phone:202 551-3516
Email: hardimant@sec.gov

Patrick Gilmore
Deputy Chief Accountant, Division of Corporation Finance
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549
Phone:202 551-3406
Email: gilmorep@sec.gov