SEC: Financial Disclosures About Guarantors and Issuers of Guaranteed Securities

In this letter, the CAQ provides input on the Securities and Exchange Commission proposal, Financial Disclosures About Guarantors and Issuers of Guaranteed Securities and Affiliates Whose Securities Collateralize a Registrant’s Securities. “We believe that the proposal has the potential to achieve the Commission’s intention to better align the disclosure requirements with the needs of investors by providing them with material information based on specific facts and circumstances in a more understandable manner,” says the letter.