Rule 3-10 allows registrants to provide alternative disclosures, as outlined in Rule 13-01, in lieu of separate financial statements of subsidiary issuers and guarantors if the following eligibility conditions are met:
- The security must be issued or guaranteed by a parent company.
- All issuers and guarantors must be consolidated subsidiaries of the parent company.
- The security must be “debt or debt-like.“
- The security must have one of two eligible structures.