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2010-09-24
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Disclosure of Accounting Policies for Derivative Financial Instruments and Derivative Commodity Instruments and Disclosure of Quantitative and Qualitative Information About Market Risk Inherent in Derivative Financial Instruments, Other Financial Instruments, and Derivative Commodity Instruments
Part II
Rules and Regulations
D09002ee1be0250fa
D09002ee1be0251d9
United States
Disclosure of Accounting Policies for Derivative Financial Instruments
originator
org
United States Government Agency or Subagency
United States
Qualitative Information About Market Risk Inherent in Derivative
originator
org
United States Government Agency or Subagency
United States
Financial Instruments, Other Financial Instruments, and Derivative
originator
org
United States Government Agency or Subagency
United States
Securities and Exchange Commission
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org
United States Government Agency or Subagency
The Securities and Exchange Commission (``Commission'' or ``SEC'') is amending rules and forms for domestic and foreign issuers to clarify and expand existing disclosure requirements for derivative financial instruments, other financial instruments, and derivative commodity instruments, as defined (collectively ``market risk sensitive instruments''). The amendments require enhanced disclosure of accounting policies for derivative financial instruments and derivative commodity instruments (collectively ``derivatives'') in the footnotes to the financial statements. In addition, the amendments expand existing disclosure requirements to include quantitative and qualitative information about market risk inherent in market risk sensitive instruments. The required quantitative and qualitative information should be disclosed outside the financial statements and related notes thereto. In addition, the quantitative and qualitative information will be provided safe harbor protection under a new Commission rule. Finally, this release reminds registrants that any disclosures about financial instruments, commodity positions, firm commitments, and anticipated transactions (``reported items''), should include disclosures about derivatives that directly or indirectly affect such reported items, to the extent such information is material and necessary to prevent the disclosures about the reported items from being misleading. In the aggregate, these amendments are designed to provide additional information about market risk sensitive instruments, which investors can use to better understand and evaluate the market risk exposures of a registrant.
62 FR 6044
https://www.govinfo.gov/app/details/FR-1997-02-10/97-2991
97-2991
fr10fe97-8
RIN 3235-AG42
RIN 3235-AG77
8010-01-P
Release Nos. 33-7386
34-38223
IC-22487
FR-48
International Series No. 1047
File No. S7-35-95
https://www.govinfo.gov/app/details/FR-1997-02-10/97-2991
https://www.govinfo.gov/content/pkg/FR-1997-02-10/html/97-2991.htm
https://www.govinfo.gov/content/pkg/FR-1997-02-10/pdf/97-2991.pdf
36 p.
6044
6079
62 FR 6044
Code of Federal Regulations
Title 17 Part
17 CFR Part
Code of Federal Regulations
Title 17 Part 210
17 CFR Part 210
Code of Federal Regulations
Title 17 Part 228
17 CFR Part 228
Code of Federal Regulations
Title 17 Part 229
17 CFR Part 229
Code of Federal Regulations
Title 17 Part 239
17 CFR Part 239
Code of Federal Regulations
Title 17 Part 240
17 CFR Part 240
Code of Federal Regulations
Title 17 Part 249
17 CFR Part 249
Regulation Identification Number 3235-AG42
RIN 3235-AG42
Regulation Identification Number 3235-AG77
RIN 3235-AG77
Disclosure of Accounting Policies for Derivative Financial Instruments and Derivative Commodity Instruments and Disclosure of Quantitative and Qualitative Information About Market Risk Inherent in Derivative Financial Instruments, Other Financial Instruments, and Derivative Commodity Instruments; Federal Register Vol. 62, Issue
RULE
97-2991
II
Disclosure of Accounting Policies for Derivative Financial Instruments
Qualitative Information About Market Risk Inherent in Derivative
Financial Instruments, Other Financial Instruments, and Derivative
SECURITIES AND EXCHANGE COMMISSION
1997-04-11
Release Nos. 33-7386
34-38223
IC-22487
FR-48
International Series No. 1047
File No. S7-35-95
8010-01-P
97-2991
Final rule.
The Securities and Exchange Commission (``Commission'' or ``SEC'') is amending rules and forms for domestic and foreign issuers to clarify and expand existing disclosure requirements for derivative financial instruments, other financial instruments, and derivative commodity instruments, as defined (collectively ``market risk sensitive instruments''). The amendments require enhanced disclosure of accounting policies for derivative financial instruments and derivative commodity instruments (collectively ``derivatives'') in the footnotes to the financial statements. In addition, the amendments expand existing disclosure requirements to include quantitative and qualitative information about market risk inherent in market risk sensitive instruments. The required quantitative and qualitative information should be disclosed outside the financial statements and related notes thereto. In addition, the quantitative and qualitative information will be provided safe harbor protection under a new Commission rule. Finally, this release reminds registrants that any disclosures about financial instruments, commodity positions, firm commitments, and anticipated transactions (``reported items''), should include disclosures about derivatives that directly or indirectly affect such reported items, to the extent such information is material and necessary to prevent the disclosures about the reported items from being misleading. In the aggregate, these amendments are designed to provide additional information about market risk sensitive instruments, which investors can use to better understand and evaluate the market risk exposures of a registrant.
Effective Date: April 11, 1997.
Cathy J. Cole, Thomas J. Linsmeier, Russell B. Mallett, III, or Stephen M. Swad, at (202) 942-4400, Office of the Chief Accountant, Securities and Exchange Commission, 450 Fifth Street, N.W., Mail Stop 11-3, Washington, D.C. 20549, or Kurt R. Hohl, at (202) 942-2960, Division of Corporation Finance, Securities and Exchange Commission, 450 Fifth Street, N.W., Mail Stop 3-13, Washington, D.C. 20549.
Federal Register
Vol. 62, no. 27
Office of the Federal Register, National Archives and Records Administration
1997-02-10
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208 p.
Table of Contents:
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https://www.govinfo.gov/app/details/FR-1997-02-10
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https://www.govinfo.gov/app/details/FR-1997-02-10
https://www.govinfo.gov/content/pkg/FR-1997-02-10/pdf/FR-1997-02-10.pdf
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