U.S. Securities Law Briefing: SEC Proposes Easing Financial Disclosure Requirements for Offerings of Guaranteed Securities

The U.S. Securities and Exchange Commission (the “SEC”) recently proposed amendments that would ease the financial disclosure requirements in Rules 3-10 and 3-16 of Regulation S-X. Rule 3-10 sets out financial disclosure requirements for guarantors and issuers of guaranteed securities registered or being registered with the SEC, and Rule 3-16 covers financial disclosure requirements for affiliates whose securities collateralize securities registered or being registered. The proposed changes w