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id=\"sfr_F04E7A26-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Paragraph <a href=\"/asc/810/10/#810-10-15-10\" class=\"xref\">810-10-15-10(a)(2)</a> states that a majority-owned entity that is not in the scope of the <a href=\"/asc/810/10/#15-scope-and-scope-exceptions\" class=\"xref\">Variable Interest Entities Subsection</a> of Section 810-10-15 and in which a parent has a controlling financial interest shall not be consolidated if the parent is a broker-dealer within the scope of Topic <a altsource=\"GUID-F5AD0198-7D23-4718-A264-892E8F012ADC.ditamap\" class=\"ditamap\">940</a> and control is likely to be temporary. </span></span></div></div>","snippet":"Paragraph 810-10-15-10(a)(2) states that a majority-owned entity that is not in the scope of the Variable Interest Entities Subsection of Section 810-10-15 and in which a parent has a controlling financial interest shall…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:04be872cd6300bba34d684e50255e0ab52a54de0f3bc582cf7d0bb3e1cb0739f","downloaded_from":"2026-09-10T01:31:27.138Z","last_downloaded_at":"2026-09-10T01:31:27.138Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477785","source_sha256":"e5135bdce08dca403992977dedde9ebb58e6375f0cee6c0f2884429631aae807"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:02f6194a4d5d5d39091ab84d5ac755bd59073dfbc9b42108ebc74d11d085fc27","downloaded_from":"2026-09-10T01:31:27.138Z","last_downloaded_at":"2026-09-10T01:31:27.138Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not 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Its single substantive rule is a presentation exception: a broker-dealer parent within the scope of Topic 940 does not consolidate a majority-owned subsidiary in which it has a controlling financial interest (and that is not a variable interest entity) when control is likely to be temporary (810-940-45-1, cross-referencing 810-10-15-10(a)(2)).","key_points":["The Subtopic addresses consolidation by brokers and dealers in securities (810-940-05-1).","Scope follows the Overall broker-dealer Subtopic, Section 940-10-15 (810-940-15-1).","Under 810-940-45-1 (citing 810-10-15-10(a)(2)), a majority-owned entity in which a broker-dealer parent has a controlling financial interest is not consolidated if control is likely to be temporary.","The temporary-control exception applies only to entities outside the scope of the Variable Interest Entities Subsections of Section 810-10-15; VIEs are still evaluated under the VIE model.","The exception is available only to a parent that is itself a broker-dealer within the scope of Topic 940."],"categories":["Consolidation","Industry-specific","Presentation"],"audience_level":"intermediate","student_note":"Exam questions often test the narrow \"control is likely to be temporary\" exception—remember it is limited to broker-dealer parents under Topic 940 and to non-VIEs; a common error is assuming any parent can avoid consolidation because control is short-lived.","related_topics":["810-10","940-10","940-810","323-10","825-10"],"key_concepts":["broker-dealer","controlling financial interest","majority-owned subsidiary","temporary control","consolidation exception","variable interest 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