Proposed Accounting Standards Update · 2014
Proposed ASU 2014-270 — Financial Services—Investment Companies (Topic 946)
To improve existing disclosure requirements, the amendments in this proposed Update would require all feeder funds in a master-feeder arrangement to provide the master fund's financial statements along with its financial statements. The proposed amendments also would expand the scope of the current requirement to disclose certain information about investments held by investee funds that exceed 5 percent of the reporting entity's net assets to include reporting investment companies that are regulated under the Investment Company Act of 1940.
For more information, see the following:
Issued: December 4, 2014
Comments Due: February 17, 2015
The Exposure Draft identifies the Codification Sections that may be changed upon issuance of this guidance.
Text as published in the FASB Accounting Standards Codification, Basic View.