[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: 17CFR210.6-05]

[Page 273]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER II--SECURITIES AND EXCHANGE COMMISSION
 
PART 210--FORM AND CONTENT OF AND REQUIREMENTS FOR FINANCIAL STATEMENTS,
 
Sec. 210.6-05  Statements of net assets.

    In lieu of the balance sheet otherwise required by Sec. 210.6-04 of 
this part, persons may substitute a statement of net assets if at least 
95 percent of the amount of the person's total assets are represented by 
investments in securities of unaffiliated issuers. If presented in such 
instances, a statement of net assets shall consist of the following:

                        Statements of Net Assets

    1. A schedule of investments in securities of unaffiliated issuers 
as prescribed in Sec. 210.12-12.
    2. The excess (or deficiency) of other assets over (under) total 
liabilities stated in one amount, except that any amounts due from or to 
officers, directors, controlled persons, or other affiliates, excluding 
any amounts owing to noncontrolled affiliates which arose in the 
ordinary course of business and which are subject to usual trade terms, 
shall be stated separately.
    3. Disclosure shall be provided in the notes to the financial 
statements for any item required under Secs. 210.6-04.10 to 210.6-04.13.
    4. The balance of the amounts captioned as net assets. The number of 
outstanding shares and net asset value per share shall be shown 
parenthetically.
    5. The information required by (i) Sec. 210.6-04.16, (ii) 
Sec. 210.6-04.17 and (iii) Sec. 210.6-04.18 shall be furnished in a note 
to the financial statements.