Firm Memoranda

SEC Proposes to Increase the Number of Smaller Reporting Companies

Date: 07/12/16

The Securities and Exchange Commission (“SEC”) recently proposed amendments to its “smaller reporting company” (“SRC”) definition to expand the number of companies qualifying as SRCs.1 Companies who qualify as SRCs can benefit from so-called scaled disclosure accommodations, which are intended to lessen the burden of complying with SEC disclosure requirements.2 The SEC has requested comments on the proposed amendments by August 30, 2016. 

CGR Memo - SEC Proposes to Increase the Number of Smaller Reporting Companies.pdf (pdf | 301.16 KB )