{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/940/20/#15-scope-and-scope-exceptions","source":"FASB Accounting Standards Codification, Basic View","usage":"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.","topic":"940","topic_title":"Financial Services—Brokers and Dealers","subtopic":"940-20","subtopic_title":"Broker-Dealer Activities","section":{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"940-20-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section <a altsource=\"GUID-72584C21-EC5A-4D7A-A57B-641241493286.ditamap\" class=\"ditamap\">940-10-15</a>.</div></div>","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 940-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8c5237dc4bd01a0be64b3148a28742a652e59e2fcefd3c57f3680be6264a8d40","downloaded_from":"2026-09-10T02:13:35.830Z","last_downloaded_at":"2026-09-10T02:13:35.830Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481965","source_sha256":"68922ccc861b889c2ce5378e55396627fbc371ea3873e7543eeeaf9f439dd163"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ac5a5b18c3dd0634b8cec3a8f548616e74e2624e2fb2af0c327973a7d088b335","downloaded_from":"2026-09-10T02:13:35.830Z","last_downloaded_at":"2026-09-10T02:13:35.830Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481965","source_sha256":"68922ccc861b889c2ce5378e55396627fbc371ea3873e7543eeeaf9f439dd163"}},{"block":null,"heading":"Instruments","paragraphs":[{"citation":"940-20-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_ECA98A5F-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For the scope application of Subtopic <a altsource=\"GUID-F827BBCC-41BF-479A-9C1D-5A5E98904787.ditamap\" class=\"ditamap\">815-10</a> to contracts for the purchase or sale of when-issued securities or other securities that do not yet exist, see paragraph <a href=\"/asc/815/10/#815-10-15-17\" class=\"xref\">815-10-15-17</a>. </span></span></div></div>","snippet":"For the scope application of Subtopic 815-10 to contracts for the purchase or sale of when-issued securities or other securities that do not yet exist, see paragraph 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altsource=\"GUID-72584C21-EC5A-4D7A-A57B-641241493286.ditamap\" class=\"ditamap\">940-10-15</a>.</div></div>","snippet":"The Clearing Subsections follow the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 940-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1851f7378e3a813263346e06ff20c044d38fa3e7d728f757acc735d03602258a","downloaded_from":"2026-09-10T02:13:35.830Z","last_downloaded_at":"2026-09-10T02:13:35.830Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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altsource=\"GUID-72584C21-EC5A-4D7A-A57B-641241493286.ditamap\" class=\"ditamap\">940-10-15</a>.</div></div>","snippet":"The Underwriting Subsections follow the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 940-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c8fe4825cef1ff14061d68234c325b60a339fde13a0a672fe2de0531748b1ba9","downloaded_from":"2026-09-10T02:13:35.830Z","last_downloaded_at":"2026-09-10T02:13:35.830Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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