# ASC 210-946-S99: Balance Sheet — Financial Services—Investment Companies — SEC 99 SEC Materials Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/210/946/#sec-99-sec-materials) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:02:00.098Z to 2026-09-09T23:02:00.098Z Record version: sha256:f290d6acbcd89e5a8fdce92d1e224785d66b6a1bd100b60d43d7a3b6125d17c3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 210-946-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/210/946/#sec-99-sec-materials) SEC content: yes #### SEC Rules, Regulations, and Interpretations ##### [210-946-S99-1](https://asc.understandingaccounting.org/asc/210/946/#210-946-S99-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:00.098Z to 2026-09-09T23:02:00.098Z Record version: sha256:8aff9509070b9d811bb14bd51c3b9eb85f52982315a72ebf8ead7503aa39a6d5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 6-04, Balance Sheets (17 CFR 210.6-04). - This section is applicable to balance sheets filed by registered investment companies and business development companies except for persons who substitute a statement of net assets in accordance with the requirements specified in § 210.6-05, and issuers of face-amount certificates which are subject to the special provisions of § 210.6-06. Balance sheets filed under this rule shall comply with the following provisions: - ASSETS - 1\. Investments in securities of unaffiliated issuers. - 2\. Investments in and advances to affiliates. State separately investments in and advances to: (a) Controlled companies and (b) other affiliates. - 3\. Other investments. State separately amounts of assets related to - (a) variation margin receivable on futures contracts, - (b) forward foreign currency contracts; - (c) swap contracts; and - (d) investments—other than those presented in §§210.12-12, 12-12A, 12-12B, 12-13, 12-13A, 12-13B, and 12-13C - 4\. Cash. Include under this caption cash on hand and demand deposits. - Provide in a note to the financial statements the information required under § 210.5-02.1 regarding restrictions and compensating balances. - 5\. Receivables. - (a) State separately amounts receivable from - (1) sales of investments; - (2) subscriptions to capital shares; - (3) dividends and interest; - (4) directors and officers; and - (5) others. - (b) If the aggregate amount of notes receivable exceeds 10 percent of the aggregate amount of receivables, the above information shall be set forth separately, in the balance sheet or in a note thereto, for accounts receivable and notes receivable. - 6\. Deposits for securities sold short and other investments. State separately amounts held by others in connection with: - (a) Short sales; - (b) open option contracts; - (c) futures contracts; - (d) forward foreign currency contracts; - (e) swap contracts; and - (f) investments—other than those presented in §§210.12-12, 12-12A, 12-12B, 12-13, 12-13A, 12-13B, and 12-13C. - 7\. Other assets. State separately - (a) prepaid and deferred expenses; - (b) pension and other special funds; - (c) organization expenses; and - (d) any other significant item not properly classified in another asset caption. - 8\. Total assets. - LIABILITIES - 9\. Other investments. State separately amounts of liabilities related to: - (a) Securities sold short; - (b) open option contracts written; - (c) variation margin payable on futures contracts; - (d) forward foreign currency contracts; - (e) swap contracts; and - (f) investments—other than those presented in §§210.12-12, 12-12A, 12-12B, 12-13, 12-13A, 12-13B, and 12-13C. - 10\. Accounts payable and accrued liabilities. State separately amounts payable for: - (a) Other purchases of securities; - (b) capital shares redeemed; - (c) dividends or other distributions on capital shares; and - (d) others. - State separately the amount of any other liabilities which are material. - 11\. Deposits for securities loaned. State the value of securities loaned and indicate the nature of the collateral received as security for the loan, including the amount of any cash received. - 12\. Other liabilities. State separately - (a) amounts payable for investment advisory, management and service fees; and - (b) the total amount payable to: - (1) Officers and directors; - (2) controlled companies; and - (3) 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. - 13\. Notes payable, bonds and similar debt. - (a) State separately amounts payable to: - (1) Banks or other financial institutions for borrowings; - (2) controlled companies; - (3) other affiliates; and - (4) others, showing for each category amounts payable within one year and amounts payable after one year. - (b) Provide in a note the information required under § 210.5-02.19(b) regarding unused lines of credit for short-term financing and § 210.5-02.22(b) regarding unused commitments for long-term financing arrangements. - 14\. Total liabilities. - 15\. Commitments and contingent liabilities. - NET ASSETS - 16\. Units of capital. - (a) Disclose the title of each class of capital shares or other capital units, the number authorized, the number outstanding, and the dollar amount thereof. - (b) Unit investment trusts, including those which are issuers of periodic payment plan certificates, also shall state in a note to the financial statements: - (1) The total cost to the investors of each class of units or shares; - (2) the adjustment for market depreciation or appreciation; - (3) other deductions from the total cost to the investors for fees, loads and other charges, including an explanation of such deductions; and - (4) the net amount applicable to the investors. - 17\. Total distributable earnings (loss). Disclose total distributable earnings (loss), which generally comprise: - (a) Accumulated undistributed investment income-net, - (b) accumulated undistributed net realized gains (losses) on investment transactions, and - (c) net unrealized appreciation (depreciation) in value of investments at the balance sheet date. - 18\. Other elements of capital. Disclose any other elements of capital or residual interests appropriate to the capital structure of the reporting entity. - 19\. Net assets applicable to outstanding units of capital. State the net asset value per share. \[81 FR 82011, Nov. 18, 2016, as amended at 83 FR 50202, Oct. 4, 2018\] ##### [210-946-S99-2](https://asc.understandingaccounting.org/asc/210/946/#210-946-S99-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:00.098Z to 2026-09-09T23:02:00.098Z Record version: sha256:284ad2a9b10072e3b73d2819400d2bb91dd4370955d2057e4a4d90b530ced487 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 6-05, Statements of Net Assets (17 CFR 210.6-05). - In lieu of the balance sheet otherwise required by § 210.6-04, 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 § 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 §210.6-04.3 and §§210.6-04.9 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) § 210.6-04.16, (ii) § 210.6-04.17 and (iii) § 210.6-04.18 shall be furnished in a note to the financial statements. \[81 FR 82012, Nov. 18, 2016\] ##### [210-946-S99-3](https://asc.understandingaccounting.org/asc/210/946/#210-946-S99-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:02:00.098Z to 2026-09-09T23:02:00.098Z Record version: sha256:db06e87cdb88cb6f7d40768becd2c829c70e312f7b371691019b2cf16601a999 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 6-06, Special Provisions Applicable to the Balance Sheets of Issuers of Face-Amount Certificates (17 CFR 210.6-06). - Balance sheets filed by issuers of face-amount certificates shall comply with the following provisions: - ASSETS - 1\. Investments. State separately each major category: such as, real estate owned, first mortgage loans on real estate, other mortgage loans on real estate, investments in securities of unaffiliated issuers, and investments in and advances to affiliates. - 2\. Cash. Include under this caption cash on hand and demand deposits. Provide in a note to the financial statements the information required under § 210.5-02.1 regarding restrictions and compensating balances. - 3\. Receivables. - (a) State separately amounts receivable from - (1) sales of investments; - (2) dividends and interest; - (3) directors and officers; and - (4) others. - (b) If the aggregate amount of notes receivable exceeds 10 percent of the aggregate amount of receivables, the above information shall be set forth separately, in the balance sheet or in a note thereto, for accounts receivable and notes receivable. - 4\. Total qualified assets. State in a note to the financial statements the amount of qualified assets on deposit classified as to general categories of assets and as to general types of depositories, such as banks and states, together with a statement as to the purpose of the deposits. - 5\. Other assets. State separately: - (a) Investments in securities of unaffiliated issuers not included in qualifying assets in item 1 above; - (b) investments in and advances to affiliates not included in qualifying assets in item 1 above; and - (c) any other significant item not properly classified in another asset caption. - 6\. Total assets. - LIABILITIES - 7\. Certificate reserves. Issuers of face-amount certificates shall state separately reserves for: - (a) Certificates of the installment type; - (b) certificates of the fully-paid type; - (c) advance payments; - (d) additional amounts accrued for or credited to the account of certificate holders in the form of any credit, dividend, or interest in addition to the minimum amount specified in the certificate; and - (e) other certificate reserves. - State in an appropriate manner the basis used in determining the reserves, including the rates of interest of accumulation. - 8\. Notes payable, bonds and similar debt. - (a) State separately amounts payable to: - (1) Banks or other financial institutions for borrowings; - (2) controlled companies; - (3) other affiliates; and - (4) others, showing for each category amounts payable within one year and amounts payable after one year. - (b) Provide in a note the information required under § 210.5-02.19(b) regarding unused lines of credit for short-term financing and § 210.5-02.22(b) regarding unused commitments for long-term financing arrangements. - 9\. Accounts payable and accrued liabilities. State separately - (a) amounts payable for investment advisory, management and service fees; and - (b) the total amount payable to: - (1) Officers and directors; - (2) controlled companies; and - (3) 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. - State separately the amount of any other liabilities which are material. - 10\. Total liabilities. - 11\. Commitments and contingent liabilities. - STOCKHOLDERS' EQUITY - 12\. Capital shares. Disclose the title of each class of capital shares or other capital units, the number authorized, the number outstanding and the dollar amount thereof. Show also the dollar amount of any capital shares subscribed but unissued, and show the deduction for subscriptions receivable therefrom. - 13\. Other elements of capital. - (a) Disclose any other elements of capital or residual interests appropriate to the capital structure of the reporting entity. - (b) A summary of each account under this caption setting forth the information prescribed in § 210.3-04 shall be given in a note or separate statement for each period in which a statement of operations is presented. - 14\. Total liabilities and stockholders' equity.