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Article 07/07/2018

SEC Relief for Smaller Reporting Companies

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Executive Summary

The U.S. Securities and Exchange Commission (SEC) finalized rules to make it easier for smaller companies to qualify for reduced reporting requirements. The amendments increase definition thresholds for smaller reporting companies, expanding the number of companies qualifying for scaled disclosures under Securities Act of 1933Regulation S-K and Regulation S-X. Companies with $75 million or more of public float qualifying as an SRC would be subject to accelerated filers’ requirements, including filing deadlines and auditor’s attestation of management’s assessment of internal controls over financial reporting.

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