Cooley's "Time to revisit Brexit disclosure?" conveniently and timely recaps the SEC's most prominent remarks over the past year concerning Brexit risk assessment, mitigation, and disclosure in the context of Boris Johnson's recent ascension to Prime Minister and his bent toward a near-term exit from the EU, even under a "hard Brexit" scenario if an alternative arrangement is not attained.
See Gibson Dunn's "New UK Prime Minister – what has happened?"; these articles: "Johnson's win elevates 'no-deal' Brexit risks to UK economy" (AP) and "Boris Johnson Talks Tough on Brexit in Combative First Speech" (WSJ); these prior reports: "(More) Brexit Risk Disclosures," "Brexit Risk Disclosure Checklist," "SEC Corp Fin Speaks! Brexit, Sustainability & Other Risk Disclosure," "Brexit Risk Disclosure Examples," "Brexit-Related Risk Framework," "Reminder: SEC Focused on Cyber, Brexit, LIBOR-Related Disclosure," and "SEC Looking for Better Brexit/Cyber/Libor-Related Risk Disclosure"; and additional information & resources on our Brexit and Financial Reporting pages.
This post first appeared in the weekly Society Alert!