PwC responds to the SEC’s guarantor and collateralization proposal
PwC provided feedback on the SEC’s guarantor and collateralized debt disclosures. Check out the response.
Overview
The SEC proposed changes that could significantly decrease or eliminate disclosures for registered debt with certain guarantee or collateral features. PwC commends the SEC for re-examining the disclosure requirements for such securities currently required by Regulation S-X Rule 3-10 and Rule 3-16.
We support the Commission’s objective of amending the disclosure requirements to reduce the costs and burdens to registrants and provide investors with material information that is easier to understand. While we support many aspects of the proposal, we have outlined certain concerns and provided recommended alternatives in our response.
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