United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 1997_register executive 2010-09-24 article 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 originator 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 Title 17 Part 17 CFR Part Title 17 Part 210 17 CFR Part 210 Title 17 Part 228 17 CFR Part 228 Title 17 Part 229 17 CFR Part 229 Title 17 Part 239 17 CFR Part 239 Title 17 Part 240 17 CFR Part 240 Title 17 Part 249 17 CFR Part 249 RIN 3235-AG42 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. Vol. 62, no. 27 Office of the Federal Register, National Archives and Records Administration 1997-02-10 continuing daily deposited born digital 208 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-1997-02-10 P0b002ee180a3a965 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr10fe97 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 fdlp 5903 6097 DGPO 2010-09-24 2023-05-06 FR-1997-02-10 machine generated eng FR FR-1997-02-10 62 27