Include the name of the entity within the filing person the contracting office, as defined by 48 CFR 2.101; the Contracting Office ID; the Award ID; and the NAICS code, if any, listed in the System for Award Management database. This section requires the disclosure of holdings of 5% or more but less than 50% of certain entities that derive dollar revenues in any 6-digit NAICS code reported by the other person filing notification. Holdings in those entities that have total assets of less than $10 million may be omitted. Except in the case of those NAICS industries in the sectors, subsectors, and codes that require street-address level reporting, the person filing notification may respond with the word “national” if business is conducted in all 50 states.
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More from Merriam-Webster on requirement
Additionally, HSR Filings made during the early phases of negotiations may be too uncertain to merit review. In the construction and testing stage, the main activity of requirements management is to make sure that work and cost stay within schedule and budget, and that the emerging tool does in fact meet the requirements set. A main tool used in this stage is prototype construction and iterative testing.
- Ambiguities, incompleteness, and inconsistencies that can be resolved in the requirements phase typically cost orders of magnitude less to correct than when these same issues are found in later stages of product development.
- These cross-functional implications can be elicited by conducting JRD sessions in a controlled environment, facilitated by a trained facilitator , wherein stakeholders participate in discussions to elicit requirements, analyze their details and uncover cross-functional implications.
- Statement that discusses each the strategic rationale from the perspective of each filing person.
- For each overlapping 6-digit SOC code, list each ERS commuting zone in which both parties employ workers with the 6-digit classification and provide the aggregate number of classified employees in each ERS commuting zone.
- For those codes that represent regional competition, the Commission believes that there would be few individual addresses that would need to be provided, and therefore the burden would not be significantly higher than reporting the overlaps at the state level.
- In such cases, the HSR Filing does not contain basic screening information that the Agencies need to determine whether the transaction merits closer scrutiny during the initial waiting period.
Key items to define in a requirements management plan are the project overview, requirements gathering process, roles and responsibilities, tools, and traceability. In product development and process optimization, a requirement is a singular documented physical and functional need that a particular product or process must be able to perform. It is most commonly used in a formal sense in systems engineering, software engineering, or enterprise engineering. It is a statement that identifies a necessary attribute, capability, characteristic, or quality of a system for it to have value and utility to a customer, organisation, internal user, or other stakeholder.
requirement
Revenue reporting in Item 5 currently relies on the filing persons’ ordinary course financial records. In the Commission’s experience, reliance on these financial records often results in under-reporting or reporting in codes that may not actually be descriptive of the products or services provided. The Commission intends for this change to shift the collection of NAICS codes from how a company records revenue to align more closely with the full range of products and services offered.
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Latitude and longitude information is unique, which reduces the likelihood of errors. Any errors in generating maps displaying the locations of the relevant facilities may affect screening for local markets, resulting in over- or under-identification of geographic overlaps. Since filing persons are familiar with the location of their own establishments, the Commission believes that they would be in best position to validate the accuracy of the locations through more precise latitude and longitude reporting. The Commission thus proposes to collect, in a narrative response, information for related sales and purchases between the filing persons or with other companies that use the filing person’s products, services, or assets to compete with the other filing person. Filing persons would report sales to the other filing person and to any other business that, to the best of the filing person’s knowledge, uses its product, service, or asset as an input for a product or service that competes or is intended to compete with the other filing person’s products or services.
Provide additional details regarding the related transaction, such as party names and transaction numbers. If an entity other than the acquiring UPE is making the acquisition, provide the name, mailing address, and website of that entity. For each officer, director and board observer identified, list all other entities for which the individual serves, or has served within the last two years, as an officer, director, or board observer. Specify whether the UPE is a corporation, unincorporated entity, natural person, or other entity type .
requirement | Business English
Requirements management further includes supporting planning for requirements, integrating requirements and the organization for working with them , as well as relationships with other information delivering against requirements, and changes for these. I acknowledge that the Commission or the Assistant Attorney General of the Antitrust Division of the Department of Justice may, prior to the expiration of the initial waiting period pursuant to 15 U.S.C. 18a, require the submission of additional information or documentary material relevant to the proposed transaction. I have taken the necessary steps to prevent the destruction of documents what is requirement and information related to the proposed transaction before the expiration of any waiting period. If, to the knowledge or belief of the filing person at the time of filing, a non-U.S. Antitrust or competition authority has been or will be notified of the transaction, list the name of each such authority. Identify, to the knowledge or belief of the filing person at the time of filing, any jurisdiction where a merger notification has been filed, a merger notification is being prepared for filing, or the parties have a good faith belief that a merger notification will be made, along with the dates of the filing or planned filing.
Credit relationships would be limited to creditors that have, or would have, in conjunction with or result of the transaction, provided credit totaling 10% or more of the value of the entity in question. Holders of non-voting securities, warrants, or options would be limited to those the value of which equals or exceeds 10% of the entity or could be converted to 10% or more of the voting securities or non-corporate interests of the company. Often, Preliminary Agreements reflect only very early discussions between the parties, and since there is currently no obligation to file a draft or final agreement once the HSR Filing is submitted, the Agencies must spend time during the initial waiting period simply trying to discover the scope and timing of the transaction. Moreover, given the preliminary nature of such a filing, the parties have often not yet undertaken a robust analysis of the transaction and therefore have drafted few, if any, documents responsive to Items 4 or 4 of the current Form. The changes would improve the efficiency and effectiveness of the Agencies’ initial review process and reduce the need to rely on the voluntary submission of additional information by the parties and third-party industry sources during the initial waiting period. Consistent with this concern, the Commission’s NPRM also proposes changes to implement the collection of information about certain subsidies, as mandated by the 2022 Amendments.
A. Sections 803.2, 803.5, and 803.10: Adoption of Electronic Filing
For each fiscal year commencing after September 30, 2023, filing fees will increase by the percentage increase, if any, in the consumer price index (“CPI”) over the CPI for the fiscal year ending September 30, 2022, pursuant to 15 U.S.C. 18a. The proposed Filing Fee section within the proposed Instructions would require identification of the total filing fee required for the transaction and information about the payment, including identification of the paying entity and the Electronic Wire Transfer confirmation number. This information is currently collected in the Fee Information section of the Form, and the Commission is not proposing any material changes to this requirement. The Commission has long recognized the potential influence of minority holders and the possibility that they may seek to change competitive decisions of the target firm.
For each identified overlapping NAICS code, provide geographic information, as described below. Use the 2-digit postal codes for states and territories and provide the total number of states and territories at the end of the response. Identify any penalties or https://www.globalcloudteam.com/ findings issued against the filing person by the U.S. Department of Labor’s Wage and Hour Division , the National Labor Relations Board , or the Occupational Safety and Health Administration in the last five years and/or any pending WHD, NLRB, or OSHA matters.
Product versus process requirements
The Commission thus proposes adding a requirement that both the acquiring and acquired person identify whether they have existing or pending defense or intelligence procurement contracts, as defined by 10 U.S.C. 101 and 50 U.S.C. 3033, valued at $10 million or more, and provide identifying information about the award and relevant DoD or IC personnel. For filings from companies that supply DoD or the IC with products or services, this information would greatly enhance the Agencies’ ability to identify and contact appropriate stakeholders within DoD or IC to seek their input as customers that might be impacted by the proposed transaction. This information is well known to the companies that do business with these government entities. The Commission also proposes requiring filers to report latitude and longitude information for street addresses so that the Agencies can easily and quickly use that information to populate mapping software and create maps to better identify possible geographic overlaps between the acquiring person and the acquired entity. Street addresses alone can be inadequate or inaccurate for isolating the exact location of facilities. Converting street addresses to coordinates is difficult due to abbreviations such as BLVD or ST, and street addresses often lack important information, such as South or North, or contain errors, such as mislabeling a Street address for an Avenue.