Document Type
Article
Publication Date
1973
Abstract
Amendments to Regulation S-X adopted on June 23, 1972, effective for periods ending on or after December 31, 1972, included a revised Rule 5-02-1, Cash and cash items, in which a specific requirement for separate disclosure of compensating balances maintained was added. Since June, the Commission has received many inquiries as to the form of disclosure contemplated by this rule. Some preliminary guidelines were drawn up and exposed in a limited way in November to interested groups. The comments received from those groups indicated a need for additional time both to improve the proposed guidelines through further comments on formal exposure and to develop procedures for implementation on the part of registrants, auditors and lending institutions. Accordingly, the Commission has decided to defer the effective date of this requirement.
Relational Format
article
Series Title
Accounting Series Release No. 136;Securities Act of 1933 Release No. 5351;Securities Exchange Act of 1934 Release No. 9937;Public Utility Holding Company Act of 1935 Release No. 17851;Investment Company Act of 1940 Release No. 7616
Recommended Citation
United States. Securities and Exchange Commission, "Notice of adoption of amendment to regulation S-X deferring effective date of Rule 5-02-1 as it relates to disclosure of compensating balances" (1973). Federal Publications. 204.
https://egrove.olemiss.edu/acct_fed/204