What is pro forma reporting according to Regulation SX of the SEC?
3210.1S-X Article 11 pro forma financial information is intended to provide investors with information about the continuing impact of a transaction by showing how a specific transaction or group of transactions might have affected historical financial statements, illustrating the scope of the change in the registrant’s …
Which article of Regulation SX contains the specific disclosure requirements pro forma financial information?
Article 11 of Regulation S-X, which requires registrants to file unaudited pro forma financial information showing how the acquisition or disposition might have affected the registrant’s financial statements, was also amended to update the pro forma financial information requirement.
Who Must file form N PX?
all registered investment companies
Currently, all registered investment companies (other than small business investment companies registered on Form N-5) must file reports on Form N-PX with the SEC, not later than August 31 of each year, containing their proxy voting records for the most recent 12-month period ended June 30.
What is form NCSR?
Form N-CSR is a combined reporting form that is to be used for reports of registered management investment companies under Section 30(b)(2) of the Investment Company Act of 1940 (the “Act”) and Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”), filed pursuant to Rule 30b2-1(a) under the …
What is a significant subsidiary under Reg SX?
(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 …
Are pro forma financial statements required by the SEC?
These historical financial statements and pro forma financial information are generally required to be included in registration statements for securities offerings under the Securities Act of 1933.
What is form N-PX?
Key Takeaways. SEC Form N-PX is used by fund companies to disclose proxy votes and procedures. Proxy votes allow fund holders to assign their votes at shareholder meetings to a designated representative of that fund who will appear at the meeting.
What is Nport P?
Form N-PORT is the reporting form that is to be used for monthly reports of Funds other than money market funds and SBICs under section 30(b) of the Act, as required by rule 30b1-9 under the Act (17 CFR 270.30b1-9).
How do you know if a subsidiary is significant?
Under Rule 1-02(w) of Regulation S-X, a “significant subsidiary” is one that meets one of three tests which are generally referred to as the Investment Test, the Income Test and the Asset Test. If an acquisition is significant, certain historical financial statements of the acquired business are required.
What are subsidiaries of the Registrant?
Subsidiaries of Registrant. The Registrant directly or indirectly owns 100 percent of the outstanding voting securities of the following subsidiary companies.
Who must receive a form CRS?
Form CRS must be delivered to current and prospective retail investor clients within 30 days of June 30, 2020. Going forward, Form CRS should be provided to new or prospective retail investors at or before entry into a contract.
What are the amendments to Regulation S-x for investment companies?
In October 2016, the SEC adopted amendments to Regulation S-X as part of its Investment Company Reporting Modernization efforts. These amendments: Update disclosures for other investments as well as investments in and advances to affiliates Amend certain rules regarding the general form and content of financial statements
What is Regulation S-X?
Regulation S-X. 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. Part 210; the name of the part is “Form and Content of and Requirements for Financial Statements,…
What are the rules for preparing financial statements under Regulation S-X?
Rules 3-01 to 3-20 specify the balance sheets and statements of income and cash flows to be included in disclosure documents when prepared in accordance with Regulation S-X. Other portions of Regulation S-X govern the examination, form and content of such financial statements, including the basis of consolidation and the schedules to be filed.
Are non-GAAP financial measures covered by Regulation S-X?
Regulation S-X generally implicitly discusses US Generally Accepted Accounting Principles (GAAP). However, non-GAAP measures are sometimes used by companies to provide insight into its business. Non-GAAP financial measures are defined in Regulation G. Regulations G and Item 10e of Regulation S-K provide guidance on the use of non-GAAP measures.
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