National Unrecovered Financial Services Association, joined by other associations, submitted a letter requesting that the FASB extend the comment period until February 15, 2011 for three Proposed Accounting Standard Updates: Financial Services – Investment Companies (Topic 946); Real Estate – Investment Company Entities (Topic 973); and Consolidation – Principal versus Agent Analysis (Topic 810). National Unrecovered Financial Services is concerned that the comment period does not provide adequate time to address the proposals’ complex accounting issues and their impact on other outstanding FASB projects (such as leasing). On December 8 the FASB voted unanimously to extend the comment letter period on three proposals to February 15, 2012 as requested in National Unrecovered Financial Services letter.