Federal Register / Vol. 76, No. 156 / Friday, August 12, 2011 / Rules and Regulations 50117 

1 ‘‘FASB Accounting Standards Codification’’ is a 

registered trademark of the Financial Accounting 

Foundation. 

develop in the collector tank level float 

switch wiring. Such a short circuit may result 

in an ignition source in the tank vapour 

space. 

This condition, if not corrected, could 

result in a wing fuel tank explosion and 

consequent loss of the aeroplane. 

* * * * * 

Compliance 

(f) You are responsible for having the 

actions required by this AD performed within 

the compliance times specified, unless the 

actions have already been done. 

Actions 

(g) Within 24 months after the effective 

date of this AD, install fuses packed in jiffy 

junctions [i.e., crimped wire in-line junction 

device], in accordance with the 

Accomplishment Instructions of Fokker 

Service Bulletin SBF28–28–049, dated June 

23, 2010, including Fokker Drawing W57273, 

Sheet 002, Issue C, dated June 23, 2010, 

Fokker Drawing W58048, Sheet 1, dated 

April 29, 2010, and Fokker Manual Change 

Notification MCNM–F28–035, dated June 23, 

2010. 

Maintenance Program Revision 

(h) Before further flight after doing the 

modification required in paragraph (g) of this 

AD: Revise the maintenance program by 

incorporating the CDCCL specified in 

paragraph 1.L.(1)(c) of Fokker Service 

Bulletin SBF28–28–049, dated June 23, 2010, 

including Fokker Drawing W57273, Sheet 

002, Issue C, dated June 23, 2010, Fokker 

Drawing W58048, Sheet 1, dated April 29, 

2010, and Fokker Manual Change 

Notification MCNM–F28–035, dated June 23, 

2010. 

No Alternative Critical Design Configuration 

Control Limitations (CDCCLs) 

(i) After accomplishing the revision 

required by paragraph (h) of this AD, no 

alternative CDCCLs may be used unless the 

CDCCLs are approved as an alternative 

method of compliance (AMOC) in 

accordance with the procedures specified in 

paragraph (j) of this AD. 

FAA AD Differences 

Note 2: This AD differs from the MCAI 

and/or service information as follows: 

Although European Aviation Safety Agency 

(EASA) Airworthiness Directive 2010–0194, 

dated September 29, 2010, specifies both 

revising the maintenance program to include 

limitations, and maintaining CDCCLs, this 

AD only requires the revision. Requiring a 

revision of the maintenance program, rather 

than requiring maintaining CDCCLs, requires 

operators to record AD compliance only at 

the time the revision is made. Maintaining 

CDCCLs specified in the airworthiness 

limitations must be complied with in 

accordance with 14 CFR 91.403(c). 

Other FAA AD Provisions 

(j) The following provisions also apply to 

this AD: 

(1) Alternative Methods of Compliance 

(AMOCs): The Manager, International 

Branch, ANM–116, Transport Airplane 

Directorate, FAA, has the authority to 

approve AMOCs for this AD, if requested 

using the procedures found in 14 CFR 39.19. 

In accordance with 14 CFR 39.19, send your 

request to your principal inspector or local 

Flight Standards District Office, as 

appropriate. If sending information directly 

to the International Branch, send it to Attn: 

Tom Rodriguez, Aerospace Engineer, 

International Branch, ANM–116, Transport 

Airplane Directorate, FAA, 1601 Lind 

Avenue, SW., Renton, Washington 98057– 

3356; telephone (425) 227–1137; fax (425) 

227–1149. Information may be e-mailed to: 

9-ANM-116-AMOC-REQUESTS@faa.gov. 

Before using any approved AMOC, notify 

your appropriate principal inspector, or 

lacking a principal inspector, the manager of 

the local flight standards district office/ 

certificate holding district office. The AMOC 

approval letter must specifically reference 

this AD. 

(2) Airworthy Product: For any requirement 

in this AD to obtain corrective actions from 

a manufacturer or other source, use these 

actions if they are FAA-approved. Corrective 

actions are considered FAA-approved if they 

are approved by the State of Design Authority 

(or their delegated agent). You are required 

to assure the product is airworthy before it 

is returned to service. 

Related Information 

(k) Refer to MCAI EASA Airworthiness 

Directive 2010–0194, dated September 29, 

2010; and Fokker Service Bulletin SBF28– 

28–049, dated June 23, 2010, including 

Fokker Drawing W57273, Sheet 002, Issue C, 

dated June 23, 2010, Fokker Drawing 

W58048, Sheet 1, dated April 29, 2010, and 

Fokker Manual Change Notification MCNM– 

F28–035, dated June 23, 2010; for related 

information. 

Material Incorporated by Reference 

(l) You must use Fokker Service Bulletin 

SBF28–28–049, dated June 23, 2010, 

including Fokker Drawing W57273, Sheet 

002, Issue C, dated June 23, 2010, Fokker 

Drawing W58048, Sheet 1, dated April 29, 

2010, and Fokker Manual Change 

Notification MCNM–F28–035, dated June 23, 

2010, to do the actions required by this AD, 

unless the AD specifies otherwise. 

(1) The Director of the Federal Register 

approved the incorporation by reference of 

this service information under 5 U.S.C. 

552(a) and 1 CFR part 51. 

(2) For service information identified in 

this AD, contact Fokker Services B.V., 

Technical Services Dept., P.O. Box 231, 2150 

AE Nieuw-Vennep, the Netherlands; 

telephone +31 (0)252–627–350; fax +31 

(0)252–627–211; e-mail 

technicalservices.fokkerservices@stork.com; 

Internet http://www.myfokkerfleet.com. 

(3) You may review copies of the service 

information at the FAA, Transport Airplane 

Directorate, 1601 Lind Avenue, SW., Renton, 

Washington. For information on the 

availability of this material at the FAA, call 

425–227–1221. 

(4) You may also review copies of the 

service information that is incorporated by 

reference at the National Archives and 

Records Administration (NARA). For 

information on the availability of this 

material at NARA, call 202–741–6030, or go 

to: http://www.archives.gov/federal_register/ 

code_of_federal_regulations/ 

ibr_locations.html. 

Issued in Renton, Washington, on July 29, 

2011. 

Ali Bahrami, 

Manager, Transport Airplane Directorate, 

Aircraft Certification Service. 

[FR Doc. 2011–20168 Filed 8–11–11; 8:45 am] 

BILLING CODE 4910–13–P 

SECURITIES AND EXCHANGE 

COMMISSION 

17 CFR Parts 210, 229, 230, 239, 240, 

249, 270, and 274 

[Release Nos. 33–9250; 34–65052; IC– 

29748] 

Commission Rules and Forms Related 

to the FASB’s Accounting Standards 

Codification 

AGENCY: Securities and Exchange 

Commission. 

ACTION: Final rule; technical 

amendments. 

SUMMARY: The Securities and Exchange 

Commission (‘‘Commission’’) is 

adopting technical amendments to 

various rules and forms under the 

Securities Act of 1933, the Securities 

Exchange Act of 1934, and the 

Investment Company Act of 1940. These 

revisions are necessary to conform those 

rules and forms to the FASB Accounting 

Standards CodificationTM (‘‘FASB 

Codification’’).1 The technical 

amendments include revision of certain 

rules in Regulation S–X, certain items in 

Regulation S–K, and various rules and 

forms prescribed under the Securities 

Act, Exchange Act and Investment 

Company Act. 

DATES: Effective Date: August 12, 2011. 

FOR FURTHER INFORMATION CONTACT: 

Jenifer Minke-Girard, Senior Associate 

Chief Accountant, or Annemarie 

Ettinger, Senior Special Counsel, at 

(202) 551–5300, Office of the Chief 

Accountant, or Angela Crane, Associate 

Chief Accountant, at (202) 551–3400, 

Division of Corporation Finance, 

Securities and Exchange Commission, 

100 F Street, NE., Washington, DC 

20549. 

SUPPLEMENTARY INFORMATION: We are 

adopting technical amendments to each 

of the following provisions of 


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50118 Federal Register / Vol. 76, No. 156 / Friday, August 12, 2011 / Rules and Regulations 

2 17 CFR 210. 

3 17 CFR 229. 

4 15 U.S.C. 77a et seq. Additionally, the 

Commission has authorized the staff to issue 

technical amendments to Industry Guides 3 and 7 

to conform the guides to the FASB Codification. 

The Industry Guides serve as expressions of the 

policies and practices of the Division of Corporation 

Finance. They are of assistance to issuers, their 

counsel, and others preparing registration 

statements and reports, as well as to the 

Commission’s staff. The Industry Guides are not 

rules, regulations, or statements of the Commission. 

The Commission has neither approved nor 

disapproved these interpretations. See Release No. 

33–6384 (Mar. 16, 1982) [47 FR 11476]. 

5 15 U.S.C. 78a et seq. 

6 15 U.S.C. 80a–1 et seq. 

7 17 CFR 210.1–02, 210.4–01, 210.4–08, 210.4–10, 

and 210.10–01. 

8 17 CFR 229.101, 229.201, 229.302, 229.303, 

229.305, 229.402, 229.601, and 229.1204. 

9 17 CFR 230.175. 

10 17 CFR 239.25 and 239.90. 

11 17 CFR 240.3b–6 and 240.17h–1T. 

12 17 CFR 249.220f, 249.240f, 249.308, and 

249.328T. 

13 17 CFR 270.3a–8. 

14 17 CFR 239.15A and 274.11A; 17 CFR 239.17a 

and 274.11b; 17 CFR 239.17b and 274.11c; and 17 

CFR 239.17c and 274.11d. 

15 15 U.S.C. 7201 et seq. 

16 15 U.S.C. 77s(b). 

17See Commission Statement of Policy 

Reaffirming the Status of the FASB as a Designated 

Private-Sector Standard Setter, Release No. 33–8221 

(April 25, 2003) [68 FR 23333]. 

18The FASB Codification is available at http:// 

asc.fasb.org/home. 

19Release No. 33–9062A (Aug. 18, 2009) [74 FR 

42772]. 

20See 17 CFR 210.1–01. 

21See, e.g., Rule 1–02(u) of Regulation S–X [17 

CFR 210.1–02(u)], which defines the term ‘‘related 

parties’’ by reference to FASB Statement of 

Financial Accounting Standards No. 57, Related 

Party Disclosures. 

22See 17 CFR 229.402. 

23References to U.S. GAAP in Commission staff 

guidance in the codification of Staff Accounting 

Bulletins have been updated as a result of SAB No. 

114 issued on March 7, 2011, available at http:// 

www.sec.gov/interps/account/sab114.pdf. In 

addition, the Commission is adopting a technical 

amendment to the heading of Part 210 of the Code 

of Federal Regulations to remove a reference to the 

Public Utility Holding Company Act of 1935, which 

was repealed by the Energy Policy Act of 2005. 

Public Law 109–58 § 1263, 119 Stat. 624, 974 

(2005). 

Regulation S–X,2 Regulation S–K,3 and 

the rules and forms under the Securities 

Act of 1933 4 (the ‘‘Securities Act’’), the 

Securities Exchange Act of 1934 5 (the 

‘‘Exchange Act’’), and the Investment 

Company Act of 1940 6 (the ‘‘Investment 

Company Act’’): 

• Rules 1–02, 4–01, 4–08, 4–10, and 

10–01 of Regulation S–X.7

• Items 101, 201, 302, 303, 305, 402, 

503, 601, and 1204 of Regulation S–K.8

• Securities Act Rule 175.9

• Securities Act Forms S–4 and 1– 

A.10

• Exchange Act Rules 3b–6 and 17h– 

1T.11

• Exchange Act Forms 20–F, 40–F, 8– 

K, and 17–H.12

• Investment Company Act Rule 3a– 

8.13

• Investment Company Act Forms N– 

1A, N–3, N–4, and N–6.14

I. Background 

Section 108 of the Sarbanes-Oxley Act 

of 2002 15 (the ‘‘Sarbanes-Oxley Act’’) 

amended Section 19(b) of the Securities 

Act 16 to provide that the Commission 

may recognize, as generally accepted for 

purposes of the securities laws, any 

accounting principles established by a 

standard-setting body that meets 

specified criteria. On April 25, 2003, the 

Commission issued a policy statement 

concluding that the Financial 

Accounting Standards Board (‘‘FASB’’) 

and its parent organization, the 

Financial Accounting Foundation, 

satisfied the criteria for an accounting 

standard-setting body under the 

Sarbanes-Oxley Act, and recognizing the 

FASB’s financial accounting and 

reporting standards as ‘‘generally 

accepted’’ for purposes of the Federal 

securities laws.17

On June 30, 2009, the FASB issued 

FASB Statement of Financial 

Accounting Standards No. 168, The 

FASB Accounting Standards 

CodificationTM and the Hierarchy of 

Generally Accepted Accounting 

Principles—a replacement of FASB 

Statement No. 162 (‘‘Statement No. 

168’’), to establish the FASB 

Codification as the source of 

authoritative non-Commission 

accounting principles recognized by the 

FASB to be applied by nongovernmental 

entities in the preparation of financial 

statements in conformity with U.S. 

generally accepted accounting 

principles (‘‘U.S. GAAP’’). Statement 

No. 168 became effective for financial 

statements issued for interim and 

annual periods ending after September 

15, 2009. The FASB Codification 

reorganizes existing U.S. accounting and 

reporting standards issued by the FASB 

and other related private-sector standard 

setters. All guidance contained in the 

FASB Codification carries an equal level 

of authority.18

The FASB Codification affects those 

Commission rules, regulations, releases, 

and staff bulletins (collectively referred 

to in this release as ‘‘Commission rules 

and staff guidance’’) that refer to 

specific FASB standards or other private 

sector standard-setter literature under 

U.S. GAAP, because such references are 

now superseded by the FASB 

Codification. As is discussed further 

below, on August 18, 2009, the 

Commission issued interpretive 

guidance 19 to avoid confusion on the 

part of issuers, auditors, investors, and 

other users of financial statements about 

the use of U.S. GAAP references in 

Commission rules and staff guidance. 

II. Discussion 

Many parts of Commission rules and 

staff guidance include direct references 

to specific standards under U.S. GAAP. 

For example, Regulation S–X—which, 

together with the Commission’s 

Financial Reporting Releases, sets forth 

the form and content of and 

requirements for financial statements 

required to be filed with the 

Commission 20—includes references to 

specific standards under U.S. GAAP.21

In addition, some parts of Commission 

rules and staff guidance outside of the 

financial statement context include 

references to specific standards under 

U.S. GAAP, such as in Item 402 of 

Regulation S–K regarding disclosure of 

executive compensation.22

In its August 18, 2009 interpretive 

release, the Commission noted that 

given the possible confusion between 

Commission rules and staff guidance, on 

the one hand, and the FASB’s 

Codification, on the other hand, 

effective immediately, references in 

Commission rules and staff guidance to 

specific standards under U.S. GAAP 

should be understood to mean the 

corresponding reference in the FASB 

Codification. In the August 18, 2009 

release, the Commission stated that it 

intended to embark on a longer term 

rulemaking and updating initiative to 

revise comprehensively specific 

references to specific standards under 

U.S. GAAP in the Commission’s rules 

and staff guidance. This release is a 

result of that initiative with respect to 

the Commission’s rules and forms.23

Most of the technical amendments in 

this release result from a straightforward 

conversion of the prior U.S. GAAP 

reference to the corresponding reference 

in the FASB Codification. For a few 

specific references, the specific U.S. 

GAAP standard referenced in the 

Commission rule or form was 

superseded by the FASB prior to the 

establishment of the FASB Codification. 

In these instances, the particular term 

referenced in the Commission rule or 

form is no longer used in U.S. GAAP, 

or has a meaning different than under 

the prior referenced standard. In these 

instances, these amendments either 

delete the prior U.S. GAAP reference 

without replacement where it is no 

longer needed, or incorporates directly 

into the Commission rule or form the 

definition that had been used in the 

now-superseded standard in U.S. 


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Federal Register / Vol. 76, No. 156 / Friday, August 12, 2011 / Rules and Regulations 50119 

24 5 U.S.C. 553(b). 

25For similar reasons, the amendments do not 

require analysis under the Regulatory Flexibility 

Act or analysis of major rule status under the Small 

Business Regulatory Enforcement Fairness Act. See 

5 U.S.C. 601(2) (for purposes of Regulatory 

Flexibility Act analysis, the term ‘‘rule’’ means any 

rule for which the agency publishes a general notice 

of proposed rulemaking); and 5 U.S.C. 804(3)(C) (for 

purposes of Congressional review of agency 

rulemaking, the term ‘‘rule’’ does not include any 

rule of agency organization, procedure or practice 

that does not substantially affect the rights or 

obligations of non-agency parties). 

26See 5 U.S.C. 553(d)(3). 

27 15 U.S.C. 78w(a)(2). 

28 15 U.S.C. 77f, 77g, 77j, and 77s(a). 

29 15 U.S.C. 78c, 78j, 78l, 78m, 78n, 78o, 78q, and 

78w. 

30 15 U.S.C. 80a–8, 80a–20, 80a–24, 80a–29, and 

80a–37. 

GAAP, as appropriate. All of the 

changes are technical in nature and 

none of the changes are intended to 

represent a substantive change in the 

underlying rules or forms. 

III. Certain Findings 

Under the Administrative Procedure 

Act, a notice of proposed rulemaking is 

not required when the agency, for good 

cause, finds that notice and public 

comment are impracticable, 

unnecessary, or contrary to the public 

interest.24 These amendments are 

technical changes to eliminate obsolete 

terminology and revise reporting and 

disclosure requirements as necessary to 

achieve consistency between the 

Commission’s compliance requirements 

and the FASB Codification. Because no 

one is likely to want to comment on 

such non-substantive, technical 

amendments, the Commission finds that 

it is unnecessary to publish notice of 

these amendments.25

The Administrative Procedure Act 

also requires publication of a rule at 

least 30 days before its effective date 

unless the agency finds otherwise for 

good cause.26 Because the amendments 

are non-substantive, and no affected 

parties would need time to learn of the 

changes and modify their practices, the 

Commission finds there is good cause 

for the amendments to take effect on 

August 12, 2011. 

IV. Consideration of Competitive Effects 

of Amendments 

Section 23(a)(2) of the Exchange Act 

requires the Commission, in adopting 

rules under the Exchange Act, to 

consider the competitive effects of such 

rules, if any, and to refrain from 

adopting a rule that would impose a 

burden on competition not necessary or 

appropriate in furtherance of the 

purposes of the Exchange Act.27

Because these amendments merely 

make technical changes to update 

references to applicable paragraphs, 

subtopics, or topics in the FASB 

Codification, we do not anticipate any 

competitive advantages or 

disadvantages will be created. 

V. Statutory Basis and Text of 

Amendments 

We are adopting these technical 

amendments pursuant to Sections 6, 7, 

10, and 19 of the Securities Act,28

Sections 3, 10, 12, 13, 14, 15, 17, and 

23 of the Exchange Act,29 and Sections 

8, 20(a), 24, 30, and 38 of the Investment 

Company Act.30

List of Subjects 

17 CFR Part 210 

Accountants, Accounting, Reporting 

and recordkeeping requirements, 

Securities. 

17 CFR Parts 229, 239, and 249 

Reporting and recordkeeping 

requirements, Securities. 

17 CFR Part 230 

Advertising, Reporting and 

recordkeeping requirements, Securities. 

17 CFR Part 240 

Brokers, Reporting and recordkeeping 

requirements, Securities. 

17 CFR Parts 270 and 274 

Investment companies, Reporting and 

recordkeeping requirements, Securities. 

Text of Amendments 

For the reasons set out in the 

preamble, Title 17, Chapter II, of the 

Code of Federal Regulations is amended 

as follows: 

PART 210—FORM AND CONTENT OF 

AND REQUIREMENTS FOR FINANCIAL 

STATEMENTS, SECURITIES ACT OF 

1933, SECURITIES EXCHANGE ACT 

OF 1934, INVESTMENT COMPANY ACT 

OF 1940, INVESTMENT ADVISERS ACT 

OF 1940, AND ENERGY POLICY AND 

CONSERVATION ACT OF 1975 

■ 1. The authority citation for Part 210 

continues to read as follows: 

Authority: 15 U.S.C. 77f, 77g, 77h, 77j, 77s, 

77z–2, 77z–3, 77aa(25), 77aa(26), 77nn(25), 

77nn(26), 78c, 78j–1, 78l, 78m, 78n, 78o(d), 

78q, 78u–5, 78w, 78ll, 78mm, 80a–8, 80a–20, 

80a–29, 80a–30, 80a–31, 80a–37(a), 80b–3, 

80b–11, 7202, and 7262, unless otherwise 

noted. 

■ 2. The part heading is revised to read 

as shown above. 

§ 210.1–02 [Amended] 

■ 3. In § 210.1–02 amend paragraph (u) 

by removing ‘‘the Glossary to Statement 

of Financial Accounting Standards No. 

57, ‘Related Party Disclosures’ ’’ and 

adding in its place ‘‘the FASB ASC 

Master Glossary’’. 

§ 210.4–01 [Amended] 

■ 4. In § 210.4–01: 

■ a. Amend paragraph (a)(3)(i) 

introductory text by removing 

‘‘Statement of Financial Accounting 

Standards No. 123 (revised 2004), 

Share-Based Payment (‘Statement No. 

123R’)’’ and adding in its place ‘‘FASB 

ASC Topic 718, Compensation—Stock 

Compensation’’ and by removing 

‘‘Statement No. 123R’’ and adding in its 

place ‘‘FASB ASC Topic 718’’. 

■ b. Amend paragraph (a)(3)(ii) by 

removing ‘‘both Statement No. 123R and 

Statement of Financial Accounting 

Standards No. 123, Accounting for 

Stock-Based Compensation (October 

1995),’’ and adding in its place ‘‘FASB 

ASC Topic 718 and prior authoritative 

guidance’’. 

§ 210.4–08 [Amended] 

■ 5. In § 210.4–08: 

■ a. Amend paragraph (h)(3) by 

removing ‘‘Statement of Financial 

Accounting Standards 109, Accounting 

for Income Taxes’’ and adding in its 

place ‘‘FASB ASC Topic 740, Income 

Taxes’’. 

■ b. Amend Instruction 1(i) to the 

Instructions to Paragraph (n) by 

removing ‘‘Financial Accounting 

Standards Board (‘FASB’), Statement of 

Financial Accounting Standards No. 

119, ‘Disclosure about Derivative 

Financial Instruments and Fair Value of 

Financial Instruments,’ (‘FAS 119’) 

paragraphs 5–7, (October 1994)’’ and 

adding in its place ‘‘FASB ASC Master 

Glossary’’. 

■ c. Amend Instruction 2 to the 

Instructions to Paragraph (n) by 

removing ‘‘has the same meaning as 

defined by generally accepted 

accounting principles (see, e.g., FAS 

119, paragraph 9a (October 1994))’’ and 

adding in its place ‘‘means dealing and 

other trading activities measured at fair 

value with gains and losses recognized 

in earnings’’. 

■ d. Amend Instruction 3 of the 

Instructions to Paragraph (n) by 

removing ‘‘(see, e.g., FASB, Statement of 

Financial Accounting Standards No. 80, 

‘Accounting for Futures Contracts,’ 

paragraph 9, (August 1984))’’. 

§ 210.4–10 [Amended] 

■ 6. In § 210.4–10 amend paragraph (b) 

by removing ‘‘Statement of Financial 


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50120 Federal Register / Vol. 76, No. 156 / Friday, August 12, 2011 / Rules and Regulations 

Accounting Standards No. 19, as 

amended’’ and adding in its place 

‘‘FASB ASC Topic 932, Extractive 

Activities—Oil and Gas’’. 

§ 210.10–01 [Amended] 

■ 7. In § 210.10–01: 

■ a. Amend paragraph (a)(7) by 

removing ‘‘Statement of Financial 

Accounting Standards No. 7, 

‘Accounting and Reporting by 

Development Stage Enterprises’ ’’ and 

adding in its place ‘‘FASB ASC Topic 

915, Development Stage Entities,’’. 

■ b. Amend paragraph (b)(5) by 

removing ‘‘disposed of any significant 

segment of its business (as defined in 

paragraph 13 of Accounting Principles 

Board Opinion No. 30)’’ and adding in 

its place ‘‘reported a discontinued 

operation (as required by FASB ASC 

Subtopic 205–20, Presentation of 

Financial Statements—Discontinued 

Operations)’’. 

PART 229—STANDARD 

INSTRUCTIONS FOR FILING FORMS 

UNDER SECURITIES ACT OF 1933, 

SECURITIES EXCHANGE ACT OF 1934 

AND ENERGY POLICY AND 

CONSERVATION ACT OF 1975— 

REGULATION S–K 

■ 8. The authority citation for Part 229 

continues to read in part as follows: 

Authority: 15 U.S.C. 77e, 77f, 77g, 77h, 77j, 

77k, 77s, 77z–2, 77z–3, 77aa(25), 77aa(26), 

77ddd, 77eee, 77ggg, 77hhh, 777iii, 77jjj, 

77nnn, 77sss, 78c, 78i, 78j, 78l, 78m, 78n, 

78n–1, 78o, 78u–5, 78w, 78ll, 78mm, 80a–8, 

80a–9, 80a–20, 80a–29, 80a–30, 80a–31(c), 

80a–37, 80a–38(a), 80a–39, 80b–11, and 7201 

et seq.; and 18 U.S.C. 1350, unless otherwise 

noted. 

* * * * * 

§ 229.101 [Amended] 

■ 9. In § 229.101 amend Instruction 2 of 

the Instructions to Item 101 by removing 

‘‘SFAS No. 131’’ and adding in its place 

‘‘FASB ASC Topic 280, Segment 

Reporting,’’. 

§ 229.201 [Amended] 

■ 10. In § 229.201 amend Instruction 1 

of the Instructions to Paragraph (d) by 

removing ‘‘Statement of Financial 

Accounting Standards No. 123, 

Accounting for Stock-Based 

Compensation, or any successor 

standard’’ and adding in its place 

‘‘FASB ASC Topic 718, Compensation— 

Stock Compensation, and FASB ASC 

Subtopic 505–50, Equity—Equity-Based 

Payments to Non-Employees’’. 

§ 229.302 [Amended] 

■ 11. In § 229.302: 

■ a. Amend paragraph (b) by removing 

‘‘paragraphs 9–34 of Statement of 

Financial Accounting Standards 

(‘SFAS’) No. 69, ‘Disclosures about Oil 

and Gas Producing Activities.’ If such 

oil and gas producing activities are 

regarded as significant under one or 

more of the tests set forth in paragraph 

8 of SFAS No. 69.’’ and adding in its 

place ‘‘FASB ASC Topic 932, Extractive 

Activities—Oil and Gas, if such oil and 

gas producing activities are regarded as 

significant under one or more of the 

tests set forth in FASB ASC Subtopic 

932–235, Extractive Activities—Oil and 

Gas—Notes to Financial Statements, for 

‘Significant Activities.’ ’’. 

■ b. Amend Instruction 1 of the 

Instructions to paragraph (b) by 

removing ‘‘SFAS No. 69’’ each time it 

appears and adding in its place ‘‘FASB 

ASC Subtopic 932–235’’. 

§ 229.303 [Amended] 

■ 12. In § 229.303: 

■ a. Amend paragraph (a)(4)(ii)(A) by 

removing ‘‘paragraph 3 of FASB 

Interpretation No. 45, Guarantor’s 

Accounting and Disclosure 

Requirements for Guarantees, Including 

Indirect Guarantees of Indebtedness of 

Others (November 2002) (‘FIN 45’), as 

may be modified or supplemented, and 

that is not excluded from the initial 

recognition and measurement 

provisions of FIN 45 pursuant to 

paragraphs 6 or 7 of that Interpretation’’ 

and adding in its place ‘‘FASB ASC 

paragraph 460–10–15–4 (Guarantees 

Topic), as may be modified or 

supplemented, and that is not excluded 

from the initial recognition and 

measurement provisions of FASB ASC 

paragraphs 460–10–15–7, 460–10–25–1, 

and 460–10–30–1’’. 

■ b. Amend paragraph (a)(4)(ii)(C) by 

removing ‘‘FASB Statement of Financial 

Accounting Standards No. 133, 

Accounting for Derivative Instruments 

and Hedging Activities (June 1998), 

pursuant to paragraph 11(a) of that 

Statement’’ and adding in its place 

‘‘FASB ASC Topic 815, Derivatives and 

Hedging, pursuant to FASB ASC 

subparagraph 815–10–15–74(a)’’. 

■ c. Amend paragraph (a)(4)(ii)(D) by 

removing ‘‘as referenced in FASB 

Interpretation No. 46, Consolidation of 

Variable Interest Entities (January 

2003)’’ and adding in its place ‘‘as 

defined in the FASB ASC Master 

Glossary’’. 

■ d. Amend paragraph (a)(5)(ii)(A) by 

removing ‘‘FASB Statement of Financial 

Accounting Standards No. 47 Disclosure 

of Long-Term Obligations (March 

1981)’’ and adding in its place ‘‘FASB 

ASC paragraph 470–10–50–1 (Debt 

Topic)’’. 

■ e. Amend paragraph (a)(5)(ii)(B) by 

removing ‘‘FASB Statement of Financial 

Accounting Standards No. 13 

Accounting for Leases (November 

1976)’’ and adding in its place ‘‘FASB 

ASC Topic 840, Leases’’. 

■ f. Amend paragraph (a)(5)(ii)(C) by 

removing ‘‘FASB Statement of Financial 

Accounting Standards No. 13 

Accounting for Leases (November 

1976)’’ and adding in its place ‘‘FASB 

ASC Topic 840’’. 

■ g. Amend Instruction 8 of the 

Instructions to paragraph 303(a) by 

removing ‘‘Statement of Financial 

Accounting Standards No. 89, ‘Financial 

Reporting and Changing Prices’ ’’ and 

adding in its place ‘‘FASB ASC Topic 

255, Changing Prices,’’. 

■ h. Amend Instruction 9 of the 

Instructions to paragraph 303(a) by 

removing ‘‘SFAS No. 89, ‘Financial 

Reporting and Changing Prices,’ ’’ and 

adding in its place ‘‘FASB ASC Topic 

255’’. 

§ 229.305 [Amended] 

■ 13. In § 229.305: 

■ a. Amend Instruction 1.C. of the 

Instructions to paragraph 305(a) by 

removing ‘‘FASB, Statement of 

Financial Accounting Standards No. 52, 

‘Foreign Currency Translation’, (‘FAS 

52’) paragraph 20 (December 1981)’’ and 

adding in its place ‘‘FASB ASC Master 

Glossary’’. 

■ b. Amend Instruction 2.B.vi. of the 

Instructions to paragraph 305(a) by 

removing ‘‘FAS 52 paragraph 20 

(December 1981)’’ and adding in its 

place ‘‘FASB ASC paragraph 830–20– 

35–3 (Foreign Currency Matters Topic)’’. 

■ c. Amend Instruction 2.E. of the 

Instructions to paragraph 305(a) by 

removing ‘‘(see, e.g., FAS 52 Appendix 

E for a definition of currency swap)’’. 

■ d. Amend Instruction 3.B. of the 

Instructions to paragraph 305(a) by 

removing ‘‘FASB, Statement of 

Financial Accounting Standards No. 5, 

‘Accounting for Contingencies,’ (‘FAS 

5’) paragraph 3 (March 1975)’’ and 

adding in its place ‘‘FASB ASC Master 

Glossary’’. 

■ e. Amend Instruction 3.C. of the 

Instructions to paragraph 305(a) by 

removing ‘‘generally AICPA, Statement 

of Position 94–6, ‘Disclosure of Certain 

Significant Risks and Uncertainties,’ 

(‘SOP 94–6’) at paragraph 7 (December 

30, 1994)’’ and adding in its place 

‘‘FASB ASC Master Glossary’’. 

■ f. Amend Instruction 3.E. of the 

Instructions to paragraph 305(a) by 

removing ‘‘FAS 52’’ and adding in its 

place ‘‘FASB ASC Topic 830, Foreign 

Currency Matters’’. 

■ g. Amend Instruction 4.B. of the 

Instructions to paragraph 305(a) by 

removing ‘‘FAS 5, paragraph 3 (March 


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Federal Register / Vol. 76, No. 156 / Friday, August 12, 2011 / Rules and Regulations 50121 

1975)’’ and adding in its place ‘‘FASB 

ASC Master Glossary’’. 

■ h. Amend Instruction 4.C. of the 

Instructions to paragraph 305(a) by 

removing ‘‘generally SOP 94–6, at 

paragraph 7 (December 30, 1994)’’ and 

adding in its place ‘‘FASB ASC Master 

Glossary’’. 

■ i. Amend Instruction 4.D. of the 

Instructions to paragraph 305(a) by 

removing ‘‘FAS 52’’ and adding in its 

place ‘‘FASB ASC Topic 830, Foreign 

Currency Matters’’. 

■ j. Amend Instruction 3.A. of the 

General Instructions to paragraphs 

305(a) and 305(b) by removing ‘‘FASB, 

Statement of Financial Accounting 

Standards No. 119, ‘Disclosure about 

Derivative Financial Instruments and 

Fair Value of Financial Instruments,’ 

(‘FAS 119’) paragraphs 5–7 (October 

1994)’’ and adding in its place ‘‘FASB 

ASC Master Glossary’’. 

■ k. Amend Instruction 3.B. of the 

General Instructions to paragraphs 

305(a) and 305(b) by removing ‘‘FASB, 

Statement of Financial Accounting 

Standards No. 107, ‘Disclosures about 

Fair Value of Financial Instruments,’ 

(‘FAS 107’) paragraphs 3 and 8 

(December 1991)’’ and adding in its 

place ‘‘FASB ASC paragraph 825–10– 

50–8 (Financial Instruments Topic)’’. 

■ l. Amend Instruction 3.C.ii. of the 

General Instructions to paragraphs 

305(a) and 305(b) by removing ‘‘FAS 

107, paragraph 8 (December 1991)’’ and 

adding in its place ‘‘FASB ASC 

paragraph 825–10–50–8’’. 

■ m. Amend Instruction 5.C. of the 

General Instructions to paragraphs 

305(a) and 305(b) by removing ‘‘FASB 

Interpretation No. 39, ‘Offsetting of 

Amounts Related to Certain Contracts’ 

(March 1992)’’ and adding in its place 

‘‘FASB ASC Subtopic 210–20, Balance 

Sheet—Offsetting’’. 

■ n. Amend Instruction 5.E. of the 

General Instructions to paragraphs 

305(a) and 305(b) by removing 

‘‘generally SOP 94–6, at paragraph 7 

(December 30, 1994)’’ and adding in its 

place ‘‘FASB ASC Master Glossary’’. 

■ o. Amend Instruction 5.F. of the 

General Instructions to paragraphs 

305(a) and 305(b) by removing ‘‘FAS 5, 

paragraph 3 (March 1975)’’ and adding 

in its place ‘‘FASB ASC Master 

Glossary’’. 

■ p. Amend Instruction 7 of the General 

Instructions to paragraphs 305(a) and 

305(b) by removing ‘‘has the same 

meaning as defined by generally 

accepted accounting principles (see, 

e.g., FAS 119, paragraph 9a (October 

1994))’’ and adding in its place ‘‘means 

dealing and other trading activities 

measured at fair value with gains and 

losses recognized in earnings’’, and by 

removing ‘‘(see, e.g., FASB, Statement of 

Financial Accounting Standards No. 80, 

‘Accounting for Futures Contracts,’ 

paragraph 9, (August 1984))’’. 

§ 229.402 [Amended] 

■ 14. In § 229.402: 

■ a. Amend paragraph (a)(6)(iii) by 

removing ‘‘Financial Accounting 

Standards Board Statement of Financial 

Accounting Standards No. 123 (revised 

2004), Share-Based Payment, as 

modified or supplemented (‘FAS 

123R’)’’ and adding in its place ‘‘FASB 

ASC Topic 718, Compensation—Stock 

Compensation’’. 

■ b. Amend paragraphs (a)(6)(iv), 

(c)(2)(ix)(C), (d)(2)(viii), (e)(1)(iii), 

(k)(2)(vii)(C), (m)(5)(iv), (n)(2)(ix)(C), 

and (r)(2)(vii)(C) by removing ‘‘FAS 

123R’’ each time it appears and adding 

in its place ‘‘FASB ASC Topic 718’’. 

■ c. Amend the Instruction to Item 

402(k)(2)(iii) and (iv) by removing ‘‘FAS 

123R’’ and adding in its place ‘‘FASB 

ASC Topic 718’’. 

■ d. Amend paragraph (m)(5)(iii) by 

removing ‘‘Financial Accounting 

Standards Board Statement of Financial 

Accounting Standards No. 123 (revised 

2004), Share-Based Payment, as 

modified or supplemented (‘FAS 

123R’)’’ and adding in its place ‘‘FASB 

ASC Topic 718’’. 

§ 229.503 [Amended] 

■ 15. In § 229.503 amend paragraph 

1.(C) of the Instructions to paragraph 

503(d) by removing ‘‘SFAS 71’’ and 

adding in its place ‘‘FASB ASC Topic 

980, Regulated Operations,’’. 

§ 229.601 [Amended] 

■ 16. In § 229.601 amend paragraph 

(b)(11) by removing ‘‘on both primary 

and fully diluted basis’’ and by 

removing ‘‘even though the amounts of 

per share earnings on the fully diluted 

bases are not required to be presented in 

the income statement under the 

provisions of Accounting Principles 

Board Opinion No. 15. That Opinion 

provides that any reduction of less than 

3% need not be considered as dilution 

(see footnote to paragraph 14 of the 

Opinion) and that a computation on the 

fully diluted basis which results in 

improvement of earnings per share not 

be taken into account (see paragraph 40 

of the Opinion)’’ and adding in its place 

‘‘on both a basic and diluted basis’’. 

§ 229.1204 [Amended] 

■ 17. In § 229.1204: 

■ a. Amend Instruction 4 to Item 1204 

by removing ‘‘SFAS 69’’ and adding in 

its place ‘‘FASB ASC paragraph 932– 

235–50–24 (Extractive Activities—Oil 

and Gas Topic)’’. 

■ b. Amend Instruction 5 to Item 1204 

by removing ‘‘SFAS 69’’ and adding in 

its place ‘‘FASB ASC Topic 932, 

Extractive Activities—Oil and Gas’’. 

PART 230—GENERAL RULES AND 

REGULATIONS, SECURITIES 

EXCHANGE ACT OF 1933 

■ 18. The authority citation for Part 230 

continues to read in part as follows: 

Authority: 15 U.S.C. 77b, 77c, 77d, 77f, 

77g, 77h, 77j, 77r, 77s, 77z-3, 77sss, 78c, 78d, 

78j, 78l, 78m, 78n, 78o, 78t, 78w, 78ll(d), 

78mm, 80a–8, 80a–24, 80a–28, 80a–29, 80a– 

30, and 80a–37, unless otherwise noted. 

* * * * * 

§ 230.175 [Amended] 

■ 19. In § 230.175 amend paragraph 

(b)(2)(ii) by removing ‘‘paragraphs 30– 

34 of Statement of Financial Accounting 

Standards No. 69’’ and adding in its 

place ‘‘FASB ASC paragraphs 932–235– 

50–29 through 932–235–50–36 

(Extractive Activities—Oil and Gas 

Topic)’’. 

PART 239—FORMS PRESCRIBED 

UNDER THE SECURITIES ACT OF 1933 

■ 20. The authority citation for Part 239 

continues to read, in part, as follows: 

Authority: 15 U.S.C. 77f, 77g, 77h, 77j, 77s, 

77z–2, 77z–3, 77sss, 78c, 78l, 78m, 78n, 

78o(d), 78u–5, 78w(a), 78ll, 78mm, 80a–2(a), 

80a–3, 80a–8, 80a–9, 80a–10, 80a–13, 80a– 

24, 80a–26, 80a–29, 80a–30, and 80a–37, 

unless otherwise noted. 

* * * * * 

■ 21. In Form S–4 (referenced in 

§ 239.25): 

Note: The text of Form S–4 does not, and 

this amendment will not, appear in the Code 

of Federal Regulations. 

■ a. Amend paragraph (b)(3) of Item 10 

by removing ‘‘where one or more 

business combinations accounted for by 

the pooling of interest method of 

accounting have been consummated’’ 

and adding in its place ‘‘where a 

combination under common control has 

been consummated’’. 

■ b. Amend paragraph (c)(1)(iii) of Item 

12 by removing ‘‘consummation of one 

or more business combinations 

accounted for by the pooling of interest 

method of accounting’’ and adding in its 

place ‘‘combination under common 

control’’. 

■ 22. In Form 1–A (referenced in 

§ 239.90): 

Note: The text of Form 1–A does not, and 

this amendment will not, appear in the Code 

of Federal Regulations. 

■ a. Amend the INSTRUCTION to the 

Cover Page for Offering Circular Model 

A by removing ‘‘Statement of Financial 


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50122 Federal Register / Vol. 76, No. 156 / Friday, August 12, 2011 / Rules and Regulations 

Accounting Standards No. 7 (June 1, 

1975).’’ and adding in its place ‘‘the 

FASB ASC Master Glossary for a 

‘development stage entity.’ ’’. 

■ b. Amend paragraph (4)(c)(ii) to Part 

F/S by removing ‘‘pooling of interests’’ 

and adding in its place ‘‘combination 

under common control’’. 

PART 240—GENERAL RULES AND 

REGULATIONS, SECURITIES 

EXCHANGE ACT OF 1934 

■ 23. The authority citation for Part 240 

continues to read in part as follows: 

Authority: 15 U.S.C. 77c, 77d, 77g, 77j, 

77s, 77z–2, 77z–3, 77eee, 77ggg, 77nnn, 

77sss, 77ttt, 78c, 78d, 78e, 78f, 78g, 78i, 78j, 

78j–1, 78k, 78k–1, 78l, 78m, 78n, 78n–1, 78o, 

78o–4, 78p, 78q, 78s, 78u–5, 78w, 78x, 78ll, 

78mm, 80a–20, 80a–23, 80a–29, 80a–37, 80b– 

3, 80b–4, 80b–11, and 7201 et seq.; 18 U.S.C. 

1350; 12 U.S.C. 5221(e)(3); and 7 U.S.C. 

2(c)(2)(E), unless otherwise noted. 

* * * * * 

§ 240.3b–6 [Amended] 

■ 24. In § 240.3b–6 amend paragraph 

(b)(2)(ii) by removing ‘‘paragraphs 30– 

34 of Statement of Financial Accounting 

Standards No. 69’’ and adding in its 

place ‘‘FASB ASC paragraphs 932–235– 

50–29 through 932–235–50–36 

(Extractive Activities—Oil and Gas 

Topic)’’. 

§ 240.17h–1T [Amended] 

■ 25. In § 240.17h–1T amend paragraph 

(a)(1)(vii) by removing the parenthetical 

phrase ‘‘(as those terms are used in 

Statement of Financial Accounting 

Standards No. 105)’’ and removing ‘‘(as 

that term is used in Statement of 

Financial Accounting Standards No. 

105)’’ and adding in its place ‘‘(defined 

as the possibility that a loss may occur 

from the failure of another party to 

perform according to the terms of a 

contract)’’. 

PART 249—FORMS, SECURITIES 

EXCHANGE ACT OF 1934 

■ 26. The authority citation for Part 249 

continues to read, in part, as follows: 

Authority: 15 U.S.C. 78a et seq. and 7201 

et seq.; and 18 U.S.C. 1350, unless otherwise 

noted. 

* * * * * 

■ 27. In Form 20–F (referenced in 

§ 249.220f): 

Note: The text of Form 20–F does not, and 

this amendment will not, appear in the Code 

of Federal Regulations. 

■ a. Amend paragraph (a) of Item 5.E.2 

by removing ‘‘paragraph 3 of FASB 

Interpretation No. 45, Guarantor’s 

Accounting and Disclosure 

Requirements for Guarantees, Including 

Indirect Guarantees of Indebtedness of 

Others (November 2002) (‘FIN 45’), as 

may be modified or supplemented, 

excluding the types of guarantee 

contracts described in paragraphs 6 and 

7 of FIN 45’’ and adding in its place 

‘‘FASB ASC paragraph 460–10–15–4 

(Guarantees Topic), as may be modified 

or supplemented, excluding the types of 

guarantee contracts described in FASB 

ASC paragraphs 460–10–15–7, 460–10– 

25–1, and 460–10–30–1’’. 

■ b. Amend paragraph (d) of Item 5.E.2 

by removing ‘‘referenced in FASB 

Interpretation No. 46, Consolidation of 

Variable Interest Entities (January 

2003)’’ and adding in its place ‘‘defined 

in the FASB ASC Master Glossary’’. 

■ c. Amend Instruction 1.C. of the 

Instructions to Item 11(a) by removing 

‘‘FASB, Statement of Financial 

Accounting Standards No. 52, ‘Foreign 

Currency Translation’, (‘FAS 52’) 

paragraph 20 (December 1981)’’ and 

adding in its place ‘‘FASB ASC Master 

Glossary’’. 

■ d. Amend Instruction 2.B.vi. of the 

Instructions to Item 11(a) by removing 

‘‘FAS 52 paragraph 20 (December 

1981)’’ and adding in its place ‘‘FASB 

ASC paragraph 830–20–35–3 (Foreign 

Currency Matters Topic)’’. 

■ e. Amend Instruction 2.E. of the 

Instructions to Item 11(a) by removing 

‘‘(see, e.g., FAS 52 Appendix E for a 

definition of currency swap)’’. 

■ f. Amend Instruction 3.B. of the 

Instructions to Item 11(a) by removing 

‘‘FASB, Statement of Financial 

Accounting Standards No. 5, 

‘Accounting for Contingencies, ’ (‘FAS 

5’) paragraph 3 (March 1975)’’ and 

adding in its place ‘‘FASB ASC Master 

Glossary’’. 

■ g. Amend Instruction 3.C. of the 

Instructions to Item 11(a) by removing 

‘‘generally AICPA, Statement of Position 

946, ‘Disclosure of Certain Significant 

Risks and Uncertainties,’ (‘SOP 94–6’) at 

paragraph 7 (December 30, 1994)’’ and 

adding in its place ‘‘FASB ASC Master 

Glossary’’. 

■ h. Amend Instruction 3.E. of the 

Instructions to Item 11(a) by removing 

‘‘FAS 52’’ and adding in its place ‘‘FASB 

ASC Topic 830, Foreign Currency 

Matters’’. 

■ i. Amend Instruction 4.B. of the 

Instructions to Item 11(a) by removing 

‘‘FAS 5, paragraph 3 (March 1975)’’ and 

adding in its place ‘‘FASB ASC Master 

Glossary’’. 

■ j. Amend Instruction 4.C. of the 

Instructions to Item 11(a) by removing 

‘‘generally SOP 94–6, at paragraph 7 

(December 30, 1994)’’ and adding in its 

place ‘‘FASB ASC Master Glossary’’. 

■ k. Amend Instruction 4.D. of the 

Instructions to Item 11(a) by removing 

‘‘FAS 52’’ and adding in its place ‘‘FASB 

ASC Topic 830, Foreign Currency 

Matters’’. 

■ l. Amend Instruction 3.A. of the 

General Instructions to Items 11(a) and 

11(b) by removing ‘‘FASB, Statement of 

Financial Accounting Standards No. 

119, ‘Disclosure about Derivative 

Financial Instruments and Fair Value of 

Financial Instruments,’ (‘FAS 119’) 

paragraphs 5–7 (October 1994)’’ and 

adding in its place ‘‘FASB ASC Master 

Glossary’’. 

■ m. Amend Instruction 3.B. of the 

General Instructions to Items 11(a) and 

11(b) by removing ‘‘FASB, Statement of 

Financial Accounting Standards No. 

107, ‘Disclosures about Fair Value of 

Financial Instruments,’ (‘FAS 107’) 

paragraphs 3 and 8 (December 1991)’’ 

and adding in its place ‘‘FASB ASC 

paragraph 825–10–50–8 (Financial 

Instruments Topic)’’. 

■ n. Amend Instruction 3.C.ii. of the 

General Instructions to Items 11(a) and 

11(b) by removing ‘‘FAS 107, paragraph 

8 (December 1991)’’ and adding in its 

place ‘‘FASB ASC paragraph 825–10– 

50–8’’. 

■ o. Amend Instruction 5.C. of the 

General Instructions to Items 11(a) and 

11(b) by removing ‘‘FASB Interpretation 

No. 39, ‘Offsetting of Amounts Related 

to Certain Contracts’ (March 1992)’’ and 

adding in its place ‘‘FASB ASC Subtopic 

210–20, Balance Sheet—Offsetting’’. 

■ p. Amend Instruction 5.E. of the 

General Instructions to Items 11(a) and 

11(b) by removing ‘‘generally SOP 946, 

at paragraph 7 (December 30, 1994)’’ 

and adding in its place ‘‘FASB ASC 

Master Glossary’’. 

■ q. Amend Instruction 5.F. of the 

General Instructions to Items 11(a) and 

11(b) by removing ‘‘FAS 5, paragraph 3 

(March 1975)’’ and adding in its place 

‘‘FASB ASC Master Glossary’’. 

■ r. Amend Instruction 7 of the General 

Instructions to Items 11(a) and 11(b) by 

removing ‘‘has the same meaning as 

defined by generally accepted 

accounting principles (see, e.g., FAS 

119, paragraph 9a (October 1994))’’ and 

adding in its place ‘‘means dealing and 

other trading activities measured at fair 

value with gains and losses recognized 

in earnings’’ and by removing ‘‘(see, e.g., 

FASB, Statement of Financial 

Accounting Standards No. 80, 

‘Accounting for Futures Contracts,’ 

paragraph 9, (August 1984))’’. 

■ s. Amend Instruction 3 of the 

Instructions to Item 17 by removing 

‘‘SFAS No. 131’’ the first time it appears 

and adding in its place ‘‘FASB ASC 

Topic 280, Segment Reporting’’ and by 

removing ‘‘SFAS No. 131’’ the second 

time it appears and adding in its place 

‘‘FASB ASC Topic 280’’. 


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Federal Register / Vol. 76, No. 156 / Friday, August 12, 2011 / Rules and Regulations 50123 

■ t. Amend paragraph 2 of the 

Instruction to Item 18 by removing 

‘‘FASB Statement of Accounting 

Standards No. 69, ‘Disclosures about Oil 

and Gas Producing Activities,’ ’’ and 

adding in its place ‘‘FASB ASC Topic 

932, Extractive Activities—Oil and 

Gas,’’. 

■ 28. In Form 40–F (referenced in 

§ 249.240f): 

Note: The text of Form 40–F does not, and 

this amendment will not, appear in the Code 

of Federal Regulations. 

■ a. Amend paragraph (11)(ii)(A) in 

General Instruction B by removing 

‘‘paragraph 3 of FASB Interpretation No. 

45, Guarantor’s Accounting and 

Disclosure Requirements for 

Guarantees, Including Indirect 

Guarantees of Indebtedness of Others 

(November 2002) (‘FIN 45’), as may be 

modified or supplemented, excluding 

the types of guarantee contracts 

described in paragraphs 6 and 7 of FIN 

45’’ and adding in its place ‘‘FASB ASC 

paragraph 460–10–15–4 (Guarantees 

Topic), as may be modified or 

supplemented, excluding the types of 

guarantee contracts described in FASB 

ASC paragraphs 460–10–15–7, 460–10– 

25–1, and 460–10–30–1’’. 

■ b. Amend paragraph (11)(ii)(D) in 

General Instruction B by removing 

‘‘referenced in FASB Interpretation No. 

46, Consolidation of Variable Interest 

Entities (January 2003)’’ and adding in 

its place ‘‘defined in the FASB ASC 

Master Glossary’’. 

■ 29. In Form 8–K (referenced in 

§ 249.308): 

Note: The text of Form 8–K does not, and 

this amendment will not, appear in the Code 

of Federal Regulations. 

■ a. Amend paragraph (e) of Item 2.03 

by removing ‘‘Accounting Research 

Bulletin No. 43, Chapter 3A, Working 

Capital’’ and adding in its place ‘‘FASB 

ASC paragraph 210–10–45–3 (Balance 

Sheet Topic)’’. 

■ b. Amend paragraph (c) of Item 2.04 

by removing ‘‘FASB Statement of 

Financial Accounting Standards No. 5 

Accounting for Contingencies (SFAS 

No. 5)’’ and adding in its place ‘‘FASB 

ASC Section 450–20–25, 

Contingencies—Loss Contingencies— 

Recognition,’’. 

■ c. Amend Instruction 4 of Item 2.04 by 

removing ‘‘SFAS No. 5’’ and adding in 

its place ‘‘FASB ASC Section 450–20– 

25’’. 

■ d. Amend the first paragraph of Item 

2.05 by removing ‘‘paragraph 8 of FASB 

Statement of Financial Accounting 

Standards No. 146 Accounting for Costs 

Associated with Exit or Disposal 

Activities (SFAS No. 146)’’ and adding 

in its place ‘‘FASB ASC paragraph 420– 

10–25–4 (Exit or Disposal Cost 

Obligations Topic)’’. 

■ e. Amend paragraph (a) of Item 4.02 

by removing ‘‘Accounting Principles 

Board Opinion No. 20’’ and adding in 

its place ‘‘FASB ASC Topic 250, 

Accounting Changes and Error 

Corrections’’. 

■ 30. In Form 17–H (referenced in 

§ 249.328T) amend Item II.K. of Part II 

by removing ‘‘as defined in Statement of 

Financial Accounting Standards No. 

105’’. 

Note: The text of Form 17–H does not, and 

this amendment will not, appear in the Code 

of Federal Regulations. 

PART 270—RULES AND 

REGULATIONS, INVESTMENT 

COMPANY ACT OF 1940 

■ 31. The authority citation for Part 270 

continues to read in part as follows: 

Authority: 15 U.S.C. 80a–1 et seq., 80a– 

34(d), 80a–37, and 80a–39, unless otherwise 

noted. 

* * * * * 

§ 270.3a–8 [Amended] 

■ 32. Amend paragraph (b)(9) of 

§ 270.3a–8 by removing ‘‘expenses as 

defined in FASB Statement of Financial 

Accounting Standards No. 2, 

Accounting for Research and 

Development Costs’’ and adding in its 

place ‘‘costs as defined in FASB ASC 

Topic 730, Research and Development’’. 

PART 274—FORMS PRESCRIBED 

UNDER THE INVESTMENT COMPANY 

ACT OF 1940 

■ 33. The authority citation for Part 274 

continues to read, in part, as follows: 

Authority: 15 U.S.C. 77f, 77g, 77h, 77j, 

77s, 78c(b), 78l, 78m, 78n, 78o(d), 80a–8, 

80a–24, 80a–26, and 80a–29, unless 

otherwise noted. 

* * * * * 

■ 34. In Form N–1A (referenced in 

§§ 239.15A and 274.11A): 

Note: The text of Form N–1A does not, and 

this amendment will not, appear in the Code 

of Federal Regulations. 

■ a. Amend Instruction 3(c)(ii) of the 

Instructions to Item 3 by removing 

‘‘Accounting Principles Board Opinion 

No. 30’’ and adding in its place ‘‘FASB 

ASC Subtopic 225–20, Income 

Statement—Extraordinary and Unusual 

Items’’. 

■ b. Amend Instruction 2(a)(ii) of the 

Instructions to paragraph (d)(1) of Item 

27 by removing ‘‘Accounting Principles 

Board Opinion No. 30’’ and adding in 

its place ‘‘FASB ASC Subtopic 225–20, 

Income Statement—Extraordinary and 

Unusual Items’’. 

■ 35. In Form N–3 (referenced in 

§§ 239.17a and 274.11b) amend 

Instruction 15(a) of the General 

Instructions to paragraph (a) of Item 3 by 

removing ‘‘Accounting Principles Board 

Opinion No. 30’’ and adding in its place 

‘‘FASB ASC Subtopic 225–20, Income 

Statement—Extraordinary and Unusual 

Items’’. 

Note: The text of Form N–3 does not, and 

this amendment will not, appear in the Code 

of Federal Regulations. 

■ 36. In Form N–4 (referenced in 

§§ 239.17b and 274.11c) amend 

Instruction 17.(b) of the General 

Instructions to paragraph (a) of Item 3 by 

removing ‘‘Accounting Principles Board 

Opinion No. 30’’ and adding in its place 

‘‘FASB ASC Subtopic 225–20, Income 

Statement—Extraordinary and Unusual 

Items’’. 

Note: The text of Form N–4 does not, and 

this amendment will not, appear in the Code 

of Federal Regulations. 

■ 37. In Form N–6 (referenced in 

§§ 239.17c and 274.11d) amend 

Instruction 4(c) of the Instructions to 

Item 3 by removing ‘‘Accounting 

Principles Board Opinion No. 30’’ and 

adding in its place ‘‘FASB ASC 

Subtopic 225–20, Income Statement— 

Extraordinary and Unusual Items’’. 

Note: The text of Form N–6 does not, and 

this amendment will not, appear in the Code 

of Federal Regulations. 

Dated: August 8, 2011. 

By the Commission. 

Elizabeth M. Murphy, 

Secretary. 

[FR Doc. 2011–20413 Filed 8–11–11; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 117 

[Docket No. USCG–2011–0762] 

Drawbridge Operation Regulations; 

Hackensack River, Jersey City, NJ 

AGENCY: Coast Guard, DHS. 

ACTION: Notice of temporary deviation 

from regulations. 

SUMMARY: The Commander, First Coast 

Guard District, has issued a temporary 

deviation from the regulation governing 

the operation of the Hack Freight 

Bridge, mile 3.1, across the Hackensack 

River, at Jersey City, New Jersey. The 


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