News Centre

Remarks Before The 2020 AICPA Conference On Current SEC And PCAOB Developments, Damon Romano, Professional Accounting Fellow, Office Of The Chief Accountant

Date 07/12/2020

Good afternoon. It is a pleasure to speak to you today. I would like to share some observations on two topics. The first topic relates to determining the primary beneficiary of a variable interest entity (“VIE”), and the second topic relates to a customer’s accounting for consideration received from a vendor or supplier.

Nasdaq, Inc. Announces Proposed Senior Notes Offering

Date 07/12/2020

Nasdaq, Inc. (the “Company”) (Nasdaq: NDAQ) today announced that it plans to offer, subject to market and other conditions, senior notes (the “Offering”). The Company expects to use the net proceeds from the Offering, together with cash on hand and proceeds of other debt, to fund the cash consideration payable by the Company in connection with its pending acquisition of Verafin Holdings Inc. (“Verafin”), to repay certain outstanding indebtedness of Verafin and its subsidiaries and to pay related expenses, and for general corporate purposes.

Remarks Before The 2020 AICPA Conference On Current SEC And PCAOB Developments, Jillian Pearce, Professional Accounting Fellow, Office Of The Chief Accountant

Date 07/12/2020

Good afternoon. It is an honor to speak with you today. I would like to share a few OCA staff observations related to two topics: (i) the expected discontinuation of LIBOR and (ii) the principal versus agent guidance within the revenue standard.

Remarks Before The 2020 AICPA Conference On Current SEC And PCAOB Developments, Geoff Griffin, Professional Accounting Fellow, Office Of The Chief Accountant

Date 07/12/2020

Good afternoon. I am excited to be able to speak with you today. I would like to share some observations regarding principal versus agent determinations under the revenue standard and accounting for right of use assets under the leases standard.

Brexit: A Joint Statement From UK Prime Minister Boris Johnson And European Commission President von der Leyen

Date 07/12/2020

As agreed on Saturday, we took stock today of the ongoing negotiations. We agreed that the conditions for finalizing an agreement are not there due to the remaining significant differences on three critical issues: level playing field, governance and fisheries.

Bank Of England: Statement On Fake Announcement

Date 07/12/2020

We are aware that a group purporting to be the Bank of England has published fake announcements today through social media and email.

SEC Issues Multiple Whistleblower Awards Totaling Nearly $3 Million

Date 07/12/2020

The Securities and Exchange Commission today announced whistleblower awards to five individuals for information provided in three different enforcement actions for combined payments of nearly $3 million.

ESMA Issues Latest Double Volume Cap Data

Date 07/12/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has updated today its public register with the latest set of double volume cap (DVC) data under the Markets in Financial Instruments Directive (MiFID II).

Statement On OCA’s Focus On High-Quality Financial Reporting During An Unusual Year And A Discussion Of Our Upcoming Priorities, Sagar Teotia, SEC Chief Accountant, Washington D.C., Dec. 7, 2020

Date 07/12/2020

The Securities and Exchange Commission ("SEC" or "Commission”) disclaims responsibility for any private publication or statement of any SEC employee or Commissioner. This Statement expresses the author's views and does not necessarily reflect those of the Commission, the Commissioners, or other members of the staff.

GPW Benchmark Announces Public Consultation For Changes In Methods Of Determination Of GPW Indices

Date 07/12/2020

• GPW Benchmark has launched public consultation on the GPW Indices’ method of determination.
• The proposed changes relate to the rules for developing the WIG20, mWIG40, sWIG80 and WIG30 Stock Exchange Indices.