Guarantees and Collateralizations — SEC Reporting Considerations

Roadmap
SEC Reporting Considerations for Guarantees and Collateralizations (September 2024)

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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 combines the SEC’s reporting requirements for registrants that issue securities that are guaranteed or collateralized by one or more affiliates with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. 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.

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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 rule is 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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