[Code of Federal Regulations]
[Title 17, Volume 2]
[Revised as of April 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR210.4-01]

[Page 250-251]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER II--SECURITIES AND EXCHANGE COMMISSION
 
PART 210--FORM AND CONTENT OF AND REQUIREMENTS FOR FINANCIAL STATEMENTS,
 
Sec. 210.4-01  Form, order, and terminology.

    (a) Financial statements should be filed in such form and order, and 
should use such generally accepted terminology, as will best indicate 
their significance and character in the light of the provisions 
applicable thereto. The information required with respect to any 
statement shall be furnished as a minimum requirement to which shall be 
added such further material information as is necessary to make the 
required statements, in the light of the circumstances under which they 
are made, not misleading.
    (1) Financial statements filed with the Commission which are not 
prepared in accordance with generally accepted accounting principles 
will be presumed to be misleading or inaccurate, despite footnote or 
other disclosures, unless the Commission has otherwise provided. This 
article and other articles of Regulation S-X provide clarification of 
certain disclosures which must be included in any event, in financial 
statements filed with the Commission.
    (2) In all filings of foreign private issuers (see Sec. 230.405 of 
this chapter), except as stated otherwise in the applicable form, the 
financial statements may be prepared according to a comprehensive body 
of accounting principles other than those generally accepted in the 
United States if a reconciliation to United States generally accepted 
accounting principles and the provisions of Regulation S-X of the type 
specified in Item 18 of Form 20-F (Sec. 249.220f of this chapter) is 
also filed as part of the financial statements. Alternatively, the 
financial statements may be prepared according to United States 
generally accepted accounting principles.
    (b) All money amounts required to be shown in financial statements 
may be expressed in whole dollars or multiples thereof, as appropriate: 
Provided, That, when stated in other than whole dollars, an indication 
to that effect is inserted immediately beneath the caption of the 
statement or schedule, at

[[Page 251]]

the top of the money columns, or at an appropriate point in narrative 
material.
    (c) Negative amounts (red figures) shall be shown in a manner which 
clearly distinguishes the negative attribute. When determining methods 
of display, consideration should be given to the limitations of 
reproduction and microfilming processes.

(Secs. 6, 7, 8, 10, 19(a), 48 Stat. 78, 79, 81, 85; secs. 205, 209, 48 
Stat. 906, 908; sec. 301, 54 Stat. 857; sec. 8, 68 Stat. 685; sec. 1, 79 
Stat. 1051; sec. 308(a)(2), 90 Stat. 57; secs. 12, 13, 15(d), 23(a), 48 
Stat. 892, 894, 895, 901; secs. 1, 3, 8, 49 Stat. 1375, 1377, 1379; sec. 
203(a), 49 Stat. 704; sec. 202, 68 Stat. 686; secs. 3, 4, 6, 78 Stat. 
565-568, 569, 570-574; secs. 1, 2, 82 Stat. 454; sec. 28(c), 84 Stat. 
1435; secs. 1, 2, 84 Stat. 1497; sec. 105(b), 88 Stat. 1503; secs. 8, 9, 
10, 18, 89 Stat. 117, 118, 119, 155; sec. 308(b), 90 Stat. 57; secs. 
202, 203, 204, 91 Stat. 1494, 1498, 1499, 1500; secs. 8 30, 31(c), 
38(a), 54 Stat. 803, 836, 838, 841; 74 Stat. 201; 84 Stat. 1415; 15 
U.S.C. 77f, 77g, 77h, 77j, 77s(a), 78l, 78m, 78o(d), 78w(a), 80a-8, 80a-
29, 80a-30(c), 80a-37(a))

[45 FR 63669, Sept. 25, 1980, as amended at 47 FR 54767, Dec. 6, 1982]