Brexit Risk-Disclosure Considerations For US Reporting Cos.

Law360 (March 28, 2019, 3:30 PM EDT) -- Brexit — whether it happens or not, and in whatever form it might (or might not) take — will shock the global marketplace. Yet despite the known unknowns in these tumultuous times, there is one certainty for public reporting companies in the United States: Brexit risks must be disclosed.

On March 15, 2019, William Hinman, director of the U.S. Securities and Exchange Commission’s Division of Corporation Finance, spoke in London at the Practising Law Institute’s 18th Annual Institute on Securities Regulation in Europe, and reiterated that reporting companies in the U.S. (including foreign issuers with U.S. reporting obligations) must disclose the...

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