Is meaningful cautionary language required to qualify for the safe harbor for the market risk disclosures?
Answer The requirement for “meaningful cautionary statements” is satisfied if disclosures responsive to Items 305(a) and 9A(a) is provided, including disclosure of all material assumptions and limitations of the disclosures. For disclosures responsive to other parts of Items 305 and 9A, the company must consider what additional information is necessary to alert investors to important factors that could cause actual results to differ materially from the information given in the forward looking statements. Question 75.Does the safe harbor apply to small business issuers that provide quantitative and qualitative disclosures voluntarily? Does the safe harbor apply even if only a portion of the disclosures are provided? Answer The safe harbors are available to those small business issuers that voluntarily choose to disclose such quantitative and qualitative information. The safe harbor applies to any Item 305 disclosure that is voluntarily provided by a small business issuer.
Related Questions
- If a school does not meet the target but shows improvement of at least 10%, will it qualify for safe harbor and make AYP?
- 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?
