Series 79 practice questionmediumIndustry Analysis Disclosures
A transaction-related report summarized under Regulation M-A Item 1015 relies on industry and market analysis. Which disclosure is required regarding the report?
- AA summary of its bases and methods, including material assumptions and limitations✓ Correct answer
- BPersonal opinions of the board members
- CCompetitive salary surveys
- DOnly proprietary internal data
Explanation
Why A — A summary of its bases and methods, including material assumptions and limitations
Item 1015 requires a summary of the bases and methods underlying a materially related report, opinion, or appraisal, including material assumptions and limitations. The rule does not impose that disclosure framework on every standalone market analysis.
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