Search within this section
Select a section below and enter your search term, or to search all click Financial Reporting Manual
Favorited Content
NOTE to SECTION 2610.1
The requirements of S-X 13-02 also apply to entities that qualify as smaller reporting companies under S-X 8-01(d) and S-X 8-03(b)(7), and to entities offering or that have offered collateralized securities pursuant to Regulation A through the requirements of Forms 1-A, 1-K, and 1-SA.
|
Non-Financial Disclosure Requirement | Description | Rule Reference | |
Non-Financial Disclosures | Disclosures about the following:
| ||
Exhibit Listing Each Affiliate Whose Securities Are Pledged & the Securities Pledged as Collateral | List of each of the registrant’s affiliates whose securities are pledged as collateral for securities registered or being registered that also identifies the securities pledged as collateral. | Exhibit 22 (Item 601(b)(22) of Regulation S-K) |
Financial Disclosure Requirement | Description | Rule Reference | |
Summarized Financial Information | Summarized financial information, as specified in S-X 1-02(bb)(1), which includes select balance sheet and income statement line items, for each affiliate whose securities are pledged as collateral.
Disclosure of additional line items of summarized financial information beyond what is specified in S-X 13-02(a)(4) may be necessary (see “Additional Information Required to be Disclosed” section below).
| ||
Basis of Presentation Note | An accompanying note that briefly describes the basis of presentation. | ||
Transactions with and Balances Due To / From the Registrant, Certain Subsidiaries, and Related Parties | An affiliate’s amounts due from, amounts due to, and transactions with the registrant, any of the registrant’s subsidiaries not included in the Summarized Financial Information of the affiliate(s), and related parties must be presented in separate line items. | ||
Combined Basis Presentation | The summarized financial information of each affiliate consolidated in the registrant’s financial statements is permitted to be presented on a combined basis.
However, if information provided in response to disclosures specified in S-X 13-02 (e.g., one of the non-financial disclosures) is applicable to one or more, but not all, affiliates, separate disclosure of summarized financial information for the affiliates to which the information applies is required. In limited circumstances (i.e., where the separate financial information applicable to those affiliates can be easily understood), narrative disclosure may be provided in lieu of such separate summarized financial information. | ||
Elimination of Certain Intercompany Balances and Transactions | Intercompany balances and transactions between affiliates whose information is presented on a combined basis must be eliminated in the financial disclosures. | ||
Periods to Present | The summarized financial information must be provided as of and for the most recently ended fiscal year and year-to-date interim period, if applicable, included in the registrant’s consolidated financial statements. | ||
Non-Exclusive Scenarios Permitting Omission of Summarized Financial Information | The summarized financial information may be omitted on the basis that it is not material if one of the two non-exclusive scenarios in S-X 13-02(a)(4)(vi) is applicable and the related scenario is disclosed. | ||
Additional Information Required to be Disclosed | Disclose any financial and narrative information about each affiliate if the information would be material for investors to evaluate the pledge of the affiliate’s securities as collateral, and disclose sufficient information so as to make the financial and nonfinancial information presented not misleading. | ||
Recently-Acquired Affiliates Whose Securities are Pledged as Collateral | Disclose pre-acquisition summarized financial information specified in S-X 13-02(a)(4) for recently-acquired affiliates whose securities are pledged as collateral in a Securities Act registration statement filed in connection with the offer and sale of the collateralized security if the registrant has acquired a significant “business” after the date of its most recent balance sheet included in its consolidated financial statements and that acquired business and/or one or more of its subsidiaries are affiliates whose securities are pledged as collateral. See Section 2630 below for additional information. |
This is a work of the U.S. Government
Select a section below and enter your search term, or to search all click Financial Reporting Manual