Financial Statements of Significant Foreign Equity Investees and Acquired Foreign Businesses of Domestic Issuers and Financial Schedules

概要

The Securities and Exchange Commission (``Commission'') is proposing for comment amendments to Regulation S-X, which governs the form and content of financial statements and schedules furnished by public companies in filings with the Commission. The proposed amendments would extend recently adopted accommodations for foreign issuers to domestic issuers that are required to provide financial statements for significant foreign equity investees or acquired foreign businesses. These accommodations address the age of financial statements, nature of reconciling information and thresholds for providing such reconciliations. The proposed amendments also would eliminate certain financial schedules that both domestic and foreign issuers are currently required to include in annual reports and registration statements filed with the Commission.