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SEC Official Calls For More Robust Brexit Disclosures

Law360 (March 15, 2019, 4:36 PM EDT) -- The U.S. Securities and Exchange Commission wants to see public companies bolster disclosures regarding possible Brexit-related risks, one of the agency's top officials said Friday at a securities regulation summit in London.

SEC Director of Corporate Finance William Hinman, in a speech at the 18th Annual Institute on Securities Regulation in Europe, said the commission has evaluated the quality of disclosures relating to Britain’s impending departure from the European Union and discovered a disparity in the Brexit-related risk factors listed.

“We anticipate that there will be international effects that non-U.K. and non-EU issuers will not escape,” Hinman said. “As Brexit becomes...

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