1-Hour Program

See Credit Details Below


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))Rule 3-14 (Special Instructions for Real Estate Operations to be Acquired (Rule 3-14))Article 11 on Pro Forma Financial Information (Article 11), and other related rules and forms. The amended rules also amended investment companies’ financial reporting of acquisitions by adopting a new Rule 6-11 of Regulation S-X (Financial Statements of Funds Acquired or to be Acquired (Rule 6-11)) and revising Form N-14 for financial reporting of acquisitions involving investment companies.  During this Briefing, the speakers will discuss:

  • Revisions to the investment test and the income test for determining the significance of subsidiaries;
  • Changes to financial statement requirements involving acquired or disposed businesses;
  • Amendments to pro forma financial information requirements;
  • Effectiveness and transition for the amendments; and
  • Practical considerations of the amendments.


Program Level:  Update

Intended Audience:  Attorneys (including both in-house and outside counsel), financial advisors, accounting professionals and other allied professionals involved with business acquisitions and dispositions and related public disclosures

Prerequisites:  None

Advanced Preparation:  None



  • Ryan Castillo, Counsel, Mayer Brown LLP
  • Michael L. Hermsen, Senior Counsel, Mayer Brown LLP
  • Laura D. Richman, Counsel, Mayer Brown LLP


Credit Details