Who does Regulation S-X apply to?
of public companies
Regulation S-X is a prescribed regulation in the United States of America that lays out the specific form and content of financial reports, specifically the financial statements of public companies. It is cited as 17 C.F.R.
What is Regulation SK vs SX?
Regulation S-K is generally focused on qualitative descriptions while the related Regulation S-X focuses on financial statements.
What are pro forma financial statements based on?
Essentially, pro forma financial statements are financial reports based on hypothetical scenarios that utilize assumptions or financial projections.
What is a significant subsidiary SEC?
(1) The term significant subsidiary means a subsidiary, including its subsidiaries, which meets any of the conditions in paragraph (w)(1)(i), (ii), or (iii) of this section; however if the registrant is a registered investment company or a business development company, the tested subsidiary meets any of the conditions …
What is Regulation S-X Article 11?
S-X Article 11 permits the ending date of the periods included for the target company to differ from those of the registrant by up to 93 days and may provide sufficient relief.
What is Rule 3 05 Regulation S-X?
Rule 3-05 of Regulation S-X, which generally requires a registrant to provide separate audited annual and unaudited interim pre-acquisition financial statements of an acquired or to be acquired business, and Rule 3-14 of Regulation S-X, which similarly requires a registrant to provide financial statements for acquired …
What does Regulation SK stand for?
Regulation S-K means Regulation S-K of the General Rules and Regulations promulgated by the SEC pursuant to the Securities Act. Sample 2. Sample 3. Based on 59 documents 59. Regulation S-K means Regulation S-K promulgated under the Securities Act.
How do you determine significant subsidiaries?
Moreover, under Rule 1-02(w)(2), a tested subsidiary would be deemed significant if the test yields a condition of greater than either (1) 80% by itself, or (2) 10% and the investment test yields a result of greater than 5% (which the SEC refers to as the “alternate income test”).
Are pro forma statements required?
Pro forma financial information is required if acquisitions which are in the aggregate significant have occurred in the latest fiscal year or subsequent interim period, or are probable. See Section 2320 for guidance related to aggregate significance tests for real estate acquisitions.