What is 'SEC Form 18-K'

SEC Form 18-K is a filing that is used by non-U.S. sovereign governments and their political subdivisions to file annual reports with the Securities and Exchange Commission (SEC). The form is only required to be filed if the foreign government or subdivision has debt securities registered to be traded and has voluntarily listed the securities on a U.S. exchange. It is more commonly known as the Annual Report for Foreign Governments and Political Subdivisions.


The information required from a foreign issuer on this annual update includes anything that could materially affect the long-term solvency of the security or its issuer. This includes a description of the general effect of any material modifications to the rights of security holders and the circumstances of any failure to pay installment payments as originally promised in the security's initial offering. SEC Form 18-K also requires filers to provide various substantive financial statements, including the latest annual budget of the filer, and statements regarding the indebtedness of the filer. The information is available electronically for all filers through the SEC's Electronic Data Gathering and Retrieval (EDGAR) system.

SEC Form 18-K serves a virtually identical function to SEC Form 10-K, a filing that is commonly associated with the annual report of domestically-based companies. However, the SEC Form 18-K often provides information that investors cannot find elsewhere due to the minimal amount of analyst coverage focused on foreign issuers, and even less coverage of their political and municipal subdivisions.

Related SEC Forms: SEC Forms 18-12G/A, 18-12B and 18-12B/A.

  1. SEC Form 18-12B

    SEC Form 18-12B is a filing with the SEC used to register debt ...
  2. SEC Form F-4

    SEC Form F-4 is a filing that the Securities and Exchange Commission ...
  3. SEC Form S-2

    SEC Form S-2 is a form from the Securities and Exchange Commission ...
  4. SEC Form 10-QSB

    SEC Form 10-QSB was an abbreviated version of the 10-Q form that ...
  5. SEC Form 1

    SEC Form 1 is an application for, or amendments to, registration ...
  6. SEC Form N-30B-2

    SEC Form N-30B-2 is a form filed with the SEC attesting that ...
Related Articles
  1. Insights

    Understanding the SEC

    The SEC's triple mandate of investor protection, maintenance of orderly markets and facilitation of capital formation makes it a vital player in capital markets.
  2. Tech

    How the Actions of the SEC Impact Cryptocurrency Prices

    Cryptocurrencies are characterized by volatility, and the SEC seems to be a contributing factor.
  3. Financial Advisor

    A Review of SEC Enforcement Cases in 2016

    The SEC set a new record in 2016 for the number of enforcement actions it brought.
  4. Investing

    What Does the SEC Suspension of Bitcoin Investment Products Mean?

    In September, the SEC suspended trades related to bitcoin and ethereum. What does this signal for the cryptocurrency industry more broadly?
  5. Tech

    Bitcoin Price Sinks Amid SEC Cryptocurrency Investigation

    Bitcoin's price has been dropping after the SEC subpoenaed "scores of" cryptocurrency-related tech companies.
  6. Insights

    Understand the SEC Rules on Equity Crowdfunding

    The SEC's adoption of equity crowdfunding rules, initiated under the JOBS Act, enables small investors to invest in companies that show early potential.
  7. Investing

    The SEC’s EDGAR System: Use It Fearlessly!

    Navigate the SEC's EDGAR database system without fear.
  8. Tech

    Two Possible Bitcoin Funds Are Withdrawn Due to SEC Issues

    Two companies hoping to allow investors to trade digital currencies in the same manner as stocks ran into roadblocks with regulators.
  1. What are unregistered securities or stocks?

    Before securities, like stocks, bonds and notes, can be offered for sale to the public, they first must be registered with ... Read Answer >>
  2. How does FINRA differ from the SEC?

    Discover how Securities and Exchange Commission (SEC) is different from the Financial Industry Regulatory Authority (FINRA) ... Read Answer >>
  3. Are hedge funds registered with the Securities and Exchange Commission (SEC)?

    Learn the conditions that require hedge fund advisors to register with the U.S. Securities and Exchange Commission. Read Answer >>
Trading Center