News Centre

Nasdaq, Inc. Prices $1.9 Billion Senior Notes Offering

Date 07/12/2020

Nasdaq, Inc. (the “Company”) (Nasdaq: NDAQ) today announced that it priced a public offering of $600,000,000 aggregate principal amount of 0.445% senior notes due 2022, $650,000,000 aggregate principal amount of 1.650% senior notes due 2031 and $650,000,000 aggregate principal amount of 2.500% senior notes due 2040 (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. The Offering is expected to close on December 21, 2020, subject to customary closing conditions.

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

Date 07/12/2020

Good afternoon and thank you for the opportunity to speak to you today.

Today, I would like to share with you recent observations related to the implementation and post-issuance period of the Auditor’s Reporting Model (“ARM”) in PCAOB AS 3101, specifically with regard to the communication of critical audit matters (“CAMs”). Then, I would like to highlight the interim analysis report recently issued by the PCAOB on the initial impact of CAM requirements.

BOX Options: Update To Trade Detail Files

Date 07/12/2020

On January 4, 2021, BOX Options (“BOX”) will update the monthly and daily trade detail files. Please note that the December 2020 Monthly Trade Detail file which is published in early January will be in the new file format.

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

Date 07/12/2020

Good afternoon, and thank you for having me. I plan to share some observations with you regarding consultations the OCA staff has received relating to the identification of performance obligations under Topic 606 and presentation of certain payments in the statement of cash flows.

Ontario Securities Commission Publishes Final Local Amendments Regarding Syndicated Mortgages

Date 07/12/2020

The Ontario Securities Commission (OSC) today published final amendments to its local prospectus and registration exemptions regarding syndicated mortgages. These final amendments, together with the previously announced Canadian Securities Administrators (CSA) amendments, will result in the transfer of primary oversight of syndicated mortgages to the OSC, except for qualified syndicated mortgages and syndicated mortgages distributed to permitted clients.

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.