17 C.F.R. § 210.11-03 Presentation of financial forecast.
Title 17 - Commodity and Securities Exchanges
(a) A financial forecast may be filed in lieu of the pro forma condensed statements of income required by §210.11–02(b)(1). (1) The financial forecast shall cover a period of at least 12 months from the latest of (i) the most recent balance sheet included in the filing or (ii) the consummation date or estimated consummation date of the transaction. (2) The forecasted statement of income shall be presented in the same degree of detail as the pro forma condensed statement of income required by §210.11–02(b)(3). (3) Assumptions particularly relevant to the transaction and effects thereof should be clearly set forth. (4) Historical condensed financial information of the registrant and the business acquired or to be acquired, if any, shall be presented for at least a recent 12 month period in parallel columns with the financial forecast. (b) Such financial forecast shall be presented in accordance with the guidelines established by the American Institute of Certified Public Accountants. (c) Forecasted earnings per share data shall be substituted for pro forma per share data. (d) This rule does not permit the filing of a financial forecast in lieu of pro forma information required by generally accepted accounting principles.
Title 17: Commodity and Securities Exchanges
PART 210—FORM AND CONTENT OF AND REQUIREMENTS FOR FINANCIAL STATEMENTS, SECURITIES ACT OF 1933, SECURITIES EXCHANGE ACT OF 1934, PUBLIC UTILITY HOLDING COMPANY ACT OF 1935, INVESTMENT COMPANY ACT OF 1940, INVESTMENT ADVISERS ACT OF 1940, AND ENERGY POLICY AND CONSERVATION ACT OF 1975
Pro Forma Financial Information
§ 210.11-03 Presentation of financial forecast.
