Does the safe harbor extend to auditors and other experts that might be associated with the market risk information?
Answer Companies may obtain the assistance of third parties in compiling the required information, assessing the reasonableness of management’s assumptions, testing the mathematical computations that translate the assumptions into the required disclosure, or review of the information before disclosure. The Commission considers such assistance and reviews to be “made by an outside reviewer retained by the issuer making a statement on behalf of the issuer” and covered by the safe harbor.
Related Questions
- Does the safe harbor created by H.R. 5211 extend to any copyright owner who interferes with file-trading upon a reasonable basis to believe piracy is taking place?
- Does the safe harbor extend to auditors and other experts that might be associated with the market risk information?
- Is meaningful cautionary language required to qualify for the safe harbor for the market risk disclosures?
