Burford Capital Limited announced on February 24, 2025, upcoming changes to its financial reporting framework, coinciding with its transition to a US domestic issuer status effective January 1, 2025. This shift is a result of the increasing proportion of its equity ownership by US-based investors.
The company will enhance its 'Burford-only' disclosure with more prominent segment reporting, dividing operations into 'Principal Finance' and 'Asset Management and Other Services'. This new structure aims to provide more efficient and helpful insights into how Burford generates shareholder value within each segment.
As a US domestic issuer, Burford will file Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, replacing its previous Form 20-F and Form 6-K filings. This transition also means the company will be subject to Sarbanes-Oxley Section 404(b) requirements, necessitating an auditor attestation report on internal controls over financial reporting.
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