What is SX compliance?

From Wikipedia, the free encyclopedia. Regulation S-X is a prescribed regulation in the United States of America that lays out the specific form and content of financial reports, specifically the financial statements of public companies. It is cited as 17 C.F.R.

Who does Regulation SX apply to?

Regulation S-X is a U.S. Securities and Exchange Commission rule that covers annual reports from companies.

What is a significant subsidiary under Reg SX?

(1) The term significant subsidiary means a subsidiary, including its subsidiaries, which meets any of the conditions in paragraph (w)(1)(i), (ii), or (iii) of this section; however if the registrant is a registered investment company or a business development company, the tested subsidiary meets any of the conditions …

How do I know if my reporting company is smaller?

Under the new definition, generally, a company qualifies as a “smaller reporting company” if:

1. it has public float of less than $250 million or.
2. it has less than $100 million in annual revenues and. no public float or. public float of less than $700 million.

What is Regulation S-X vs SK?

Regulation S-K is a prescribed regulation under the US Securities Act of 1933 that lays out reporting requirements for various SEC filings used by public companies. Regulation S-K is generally focused on qualitative descriptions while the related Regulation S-X focuses on financial statements. …

What is Regulation S-X Article 11?

Article 11 of Regulation S-X provides the SEC’s requirements for the presentation of pro forma condensed financial information regarding significant business combinations that have occurred during the most recent fiscal year or subsequent interim periods.

What is Regulation SX vs SK?

What is the purpose of Regulation SX?

Regulation S-X outlines the specific form and content of financial statements that are required to be filed with the US Securities and Exchange Commission. Public companies are obligated to register their shares with the commission disclosing certain facts about the company in order to offer the shares to the public.

What are significant subsidiaries?

Significant Subsidiary means any Restricted Subsidiary that would be a “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such regulation is in effect on the Issue Date.

Can a smaller reporting company be an accelerated filer?

Under the amendments, some, but not all, smaller reporting companies become non-accelerated filers. The table below summarizes the relationships between smaller reporting companies and non-accelerated, accelerated, and large accelerated filers under the amendments.

What is covered by Regulation SK?

A set of SEC rules that set out the detailed disclosure requirements (other than financial statements) applicable to registration statements, periodic reports, proxy statements and other filings under the Securities Act and the Exchange Act.