SEC to Focus on Non-Registrant Disclosure Requirements
•Rule 3-05,Financial Statements of Businesses Acquired or to be Acquired;
•Rule 3-09,Separate Financial Statements of Subsidiaries Not Consolidated and Percent or Less Owned Persons;
•Rule 3-10,Financial Statements of Guarantors and Issuers of Guaranteed Securities
Registered or Being Registered; and
•Rule 3-16,Financial Statements of Affiliates Whose Securities Collateralize an Issue
Registered or Being Registered.
"We seek to better understand how well these requirements, some of which have remained largely the same for many years, are informing investors and we are soliciting comment on how investors use the disclosures to make investment and voting decisions," said the SEC in the document.
The SEC is accepting comments on this matter for 60 days.
"We seek to better understand how well these requirements, some of which have remained largely the same for many years, are informing investors and we are soliciting comment on how investors use the disclosures to make investment and voting decisions," said the SEC in the document.
The SEC is accepting comments on this matter for 60 days.