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ARTICLE · 11 JULY 2019

The Latest: Changes Coming To Revenue Reporting For HSR Filings

Antitrust Division of the Department of Justice, Census Bureau, DOJ, Federal Trade Commission, FTC, Hart-Scott-Rodino Rules, HSR, HSR filings, NAICS, NAICS Codes, NAPCS, NAPCS codes, North American Industry Classification System, North American Product Classification System, revenue reporting

United StatesAntitrust/Competition Law

What Happened:

  • The Federal Trade Commission (FTC), along with the Antitrust Division of the Department of Justice (DOJ), approved amendments to the Hart-Scott-Rodino (HSR) Rules and the instructions for completing the HSR Form.
  • After the amendments take effect on September 25, 2019, HSR filers will be required to use new 10-digit North American Product Classification System (NAPCS) codes in place of the current 10-digit North American Industry Classification System (NAICS) codes when reporting revenues in the HSR Form. The Form will continue to use 6-digit NAICS codes, but will switch from the 2012 codes to the latest version, released in 2017 by the Census Bureau.
  • Data on non-manufacturing revenue will be required to be reported using the updated 6-digit NAICS codes, while data on manufacturing revenue will be required to be reported using both the 6-digit NAICS industry code and the 10-digit NAPCS product codes.

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