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SEC Reporting Interpretations Manual

Deloitte's Roadmap: SEC Reporting Considerations for Guarantees and Collateralizations

SEC Reporting Considerations for Guarantees and Collateralizations

This Roadmap is intended to help readers navigate some of the questions that may arise in the application of the SEC’s March 2020 final rule that amends the disclosure requirements related to certain registered securities under SEC Regulation S-X, Rules 3-10 and 3-16.

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  • US GAAP
This Roadmap is intended to help readers navigate some of the questions that may arise in the application of the SEC’s March 2020 final rule1 that amends the disclosure requirements related to certain registered securities under SEC Regulation S-X, Rules 3-10 and 3-16.2 As noted in the final rule, the amendments to Rules 3-10 and 3-16 are intended to "make the disclosures easier to understand, and reduce the costs and burdens to registrants." The final rule is generally effective for registration statements filed on or after January 4, 2021, and periodic reports for periods ending on or after January 4, 2021. However, early application is permitted.
This Roadmap combines the SEC’s reporting requirements for registrants that issue securities that are guaranteed or collateralized by one or more affiliates ("guaranteed or collateralized securities") with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. It has been developed for readers who have been following the development of the final rule as well as readers who may be working through the reporting requirements for guaranteed or collateralized securities for the first time. That is, this publication may function as either a quick resource for those who have specific questions or an all-encompassing guide for those who are building up their knowledge base.