Guarantees and Collateralizations — SEC Reporting Considerations

Roadmap
SEC Reporting Considerations for Guarantees and Collateralizations (June 2025)

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This Roadmap is intended to help readers navigate some of the questions that may arise in the application of the disclosure requirements related to certain registered securities under SEC Regulation S-X, Rules 3-10, 3-16, 13-01, and 13-02.1 It addresses the SEC’s reporting requirements for registrants that issue securities that are guaranteed or collateralized by one or more affiliates while providing Deloitte’s interpretations and examples in a comprehensive, reader-friendly format.

Appendix A reproduces key excerpts of Rules 3-10, 3-16, 13-01, and 13-02. Appendix B provides a disclosure checklist for Rule 13-01, while Appendix C provides examples of required disclosures for guaranteed debt or debt-like securities, along with the related SEC rule.

Also available is the latest edition of On the Radar, a high-level summary of emerging issues and trends related to the accounting and financial reporting topics addressed in the Roadmap.

Be sure to check out other titles in Deloitte’s Roadmap series, our comprehensive, easy-to-understand collection of accounting guides on selected topics of broad interest to the financial reporting community.

Footnotes

On March 2, 2020, the SEC issued a final rule that revised the disclosure requirements for certain registered securities under Regulation S-X, Rules 3-10 and 3-16, and introduced Regulation S-X, Rules 13-01 and 13-02. The requirements are based on the premise that investors in guaranteed debt or collateralized securities rely on the consolidated financial statements of the registrant as their primary source of financial information.

The FASB Accounting Standards Codification® material is copyrighted by the Financial Accounting Foundation, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116, and is reproduced with permission.

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