Year-end Brexit disclosure considerations

KPMG reports on disclosure considerations of Brexit. The SEC expects that issuers’ 2018 year-end reporting should provide robust disclosure about how management is considering Brexit and its effect on issuers and their operations.

Applicability

SEC registrants with operations in the UK and/or the EU, or with operations that rely on links with the UK.

Relevant dates

• Effective immediately

Key impacts

• The United Kingdom is scheduled to leave the European Union on March 29, 2019
• Various scenarios, including a no-deal exit or an extended period of negotiations, remain possible at this stage
• The SEC has highlighted Brexit as a specific area of focus

Report contents

• Applicability
• Key facts and impacts
• Disclosure considerations

Related content

• KPMG's dedicated resource page: Navigating Brexit
• Defining Issues: Income tax implications of Brexit