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What is SEC Regulation SX applicable to?

What is SEC Regulation SX applicable to?

Regulation S-X is a U.S. Securities and Exchange Commission rule that covers annual reports from companies. Regulation S-X extends the meaning of the term “financial statements” to include all notes to the statements and all related schedules.

Do SEC filings have to be audited?

Arthur Young: “The SEC requires the filing of audited financial statements in order to obviate the fear of loss from reliance on inaccurate information, thereby encouraging public investment in the Nation’s industries.” That has important implications for investors making investment decisions, for banks and financial …

What is Regulation S SEC?

Regulation S provides a safe harbor from the registration requirements of the Securities Act for offshore offers and sales of securities. In addition, the amendments will require purchasers of domestic equity securities sold under Regulation S to provide certification that they are not U.S. persons.

What are SEC regulations?

Securities Exchange Act of 1934. The Act empowers the SEC with broad authority over all aspects of the securities industry. This includes the power to register, regulate, and oversee brokerage firms, transfer agents, and clearing agencies as well as the nation’s securities self regulatory organizations (SROs).

What is regulation CE?

Regulation CE is part of the SEC’s continuing effort to ease the regulatory burdens on small businesses issuing securities. The intent of the regulation is to facilitate capital raising by small businesses by providing a coordinated federal-state exemption, without sacrificing investor protection.

Can a company omit a financial statement under Regulation S-X?

The staff may, where consistent with the protection of investors, permit the omission of one or more of the financial statements required by Regulation S-X or the filing in substitution therefor of appropriate statements of comparable character under Rule 3-13 of Regulation S-X.

How to apply s-X rule 3-14 to real estate?

Rule 3-14 requires a registrant to calculate the significance of an acquisition using the investment test defined in Rule 1-02(w) of Regulation S-X. A group of related properties must be evaluated together as if they were a single acquisition

When is a financial statement required to be filed with the SEC?

This topic identifies circumstances in which financial statements of entities other than the registrant (or predecessor (s) of the registrant) are required to be included in filings.

Are there SEC independence rules for Tier 1 offerings?

4130.3 SEC Independence rules also apply to Regulation A, except for Tier 1 offerings where the AICPA independence standards may be applied and Regulation D filings, and when separately audited financial statements of an equity investee is included in a filing under Rule 3-09 of Regulation S-X. [Form 1-A Part F/S and Section O.