New smaller reporting company disclosure guidelines took effect this week09.10.18
Nearly 1,000 public companies will now have scaled-back disclosure requirements, thanks to new Securities and Exchange Commission guidelines that took effect this week, beginning September 10.
The SEC estimated that nearly 1,000 additional companies – specifically those with less than $250 million in publicly trades shares – are eligible for "smaller reporting company" status in the first year under the new definition.
The purposes of the amendments are to promote capital formation and reduce compliance costs for smaller companies while maintaining appropriate investor protections.
Here are some recent Capital Markets and Securities blog posts to help you understand the new guidelines and how they might impact your business: