2016-15674: Amendments to Smaller Reporting Company Definition
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We are proposing amendments to the definition of "smaller reporting company" as used in our rules and regulations. The proposed amendments, which would expand the number of registrants that qualify as smaller reporting companies, are intended to promote capital formation and reduce compliance costs for smaller registrants, while maintaining investor protections. Registrants with less than $250 million in public float would qualify, as would registrants with zero public float if their revenues were below $100 million in the previous year.
The agency’s own summary, as published.
What this changes
Amends 3 parts of the Code of Federal Regulations — the standing rules this notice rewrites.
- 17 CFR 229 Standard Instructions for Filing Forms Under Securities Act of 1933, Securities Exchange Act of 1934 and Energy Policy and Conservation Act of 1975—Regulation S-K
- 17 CFR 230 General Rules and Regulations, Securities Act of 1933
- 17 CFR 240 General Rules and Regulations, Securities Exchange Act of 1934
Rulemaking docket
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