Client Alert
SEC Adopts Regulatory Relief for Smaller Reporting Companies
January 9, 2008
The SEC recently adopted amendments intended to provide regulatory relief for smaller reporting companies under the Securities Act of 1933 and the Securities Exchange Act of 1934. These amendments, which become effective on February 4, 2008, allow smaller reporting companies with less than $75 million in public float to benefit from scaled-down disclosure and reporting requirements that were previously available to only small business issuers with less than $25 million in public float and revenues. The SEC estimates that nearly 1,600 additional companies will be eligible to use the SEC’s scaled disclosure requirements as a result of the amendments.
Click here to read our client alert summarizing the amendments.
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