United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2018_register executive 2018-11-06 article Part II Rules and Regulations D09002ee1c7e4d207 D09002ee1c7e4d3bf United States Securities and Exchange Commission originator org United States Government Agency or Subagency We are adopting amendments to the definition of "smaller reporting company" as used in our rules and regulations. The amendments expand the number of registrants that qualify as smaller reporting companies and are intended to reduce compliance costs for these registrants and promote capital formation, while maintaining appropriate investor protections. We are amending the definition of "smaller reporting company" to include registrants with a public float of less than $250 million, as well as registrants with annual revenues of less than $100 million for the previous year and either no public float or a public float of less than $700 million. We also are amending other rules and forms in light of the new definition of "smaller reporting company," including amendments to the definitions of "accelerated filer" and "large accelerated filer" to preserve the existing thresholds in those definitions. Qualifying as a "smaller reporting company" will no longer automatically make a registrant a non-accelerated filer. The Chairman, however, has directed the staff to formulate recommendations to the Commission for possible additional changes to the "accelerated filer" definition that, if adopted, would have the effect of reducing the number of registrants that qualify as accelerated filers. 83 FR 31992 https://www.govinfo.gov/app/details/FR-2018-07-10/2018-14306 2018-14306 fr10jy18-18 RIN 3235-AL90 8011-01-P Release Nos. 33-10513 34-83550 File No. S7-12-16 https://www.govinfo.gov/app/details/FR-2018-07-10/2018-14306 https://www.govinfo.gov/content/pkg/FR-2018-07-10/html/2018-14306.htm https://www.govinfo.gov/content/pkg/FR-2018-07-10/pdf/2018-14306.pdf Reporting and Recordkeeping Requirements Securities 31 p. 31992 32022 83 FR 31992 Title 17 Part 210 17 CFR Part 210 Title 17 Part 229 17 CFR Part 229 Title 17 Part 230 17 CFR Part 230 Title 17 Part 239 17 CFR Part 239 Title 17 Part 240 17 CFR Part 240 Title 17 Part 249 17 CFR Part 249 RIN 3235-AL90 Smaller Reporting Company Definition; Federal Register Vol. 83, Issue RULE 2018-14306 II SECURITIES AND EXCHANGE COMMISSION 2018-09-10 Release Nos. 33-10513 34-83550 File No. S7-12-16 8011-01-P 2018-14306 Final rules.

We are adopting amendments to the definition of "smaller reporting company" as used in our rules and regulations. The amendments expand the number of registrants that qualify as smaller reporting companies and are intended to reduce compliance costs for these registrants and promote capital formation, while maintaining appropriate investor protections. We are amending the definition of "smaller reporting company" to include registrants with a public float of less than $250 million, as well as registrants with annual revenues of less than $100 million for the previous year and either no public float or a public float of less than $700 million. We also are amending other rules and forms in light of the new definition of "smaller reporting company," including amendments to the definitions of "accelerated filer" and "large accelerated filer" to preserve the existing thresholds in those definitions. Qualifying as a "smaller reporting company" will no longer automatically make a registrant a non-accelerated filer. The Chairman, however, has directed the staff to formulate recommendations to the Commission for possible additional changes to the "accelerated filer" definition that, if adopted, would have the effect of reducing the number of registrants that qualify as accelerated filers.

The final rules are effective September 10, 2018. Amy Reischauer or Jennifer Riegel, Office of Small Business Policy, Division of Corporation Finance, at (202) 551-3460, U.S. Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-3628. Reporting and Recordkeeping Requirements Securities Smaller Reporting Company Definition , http://data.bls.gov/cgi-bin/cpicalc.pl http://mba.tuck.dartmouth.edu/pages/faculty/ken.french/Data_Library/det_49_ind_port.html http://www.sec.gov/dera/data/financial-statement-data-sets.html http://www.sec.gov/info/smallbus/sbforum.shtml https://fred.stlouisfed.org/series/GDPDEF https://ssrn.com/abstract=2755621 https://www.sec.gov/comments/s7-12-16/s71216.htm https://www.sec.gov/files/gbfor36.pdf https://www.sec.gov/info/smallbus/acsec/acsec-recommendation-032113-smaller-public-co-ltr.pdf https://www.sec.gov/info/smallbus/acsec/acsec-recommendations-expanding-simplified-disclosure-for-smaller-issuers.pdf https://www.sec.gov/info/smallbus/acsec/acsec-transcript-091317.pdf https://www.sec.gov/info/smallbus/acsec/william-newell-acsec-091317.pdf https://www.sec.gov/info/smallbus/gbfor34.pdf https://www.sec.gov/news/studies/2011/404bfloat-study.pdf www.sec.gov/info/smallbus/sbforumreps.htm Vol. 83, no. 132 Office of the Federal Register, National Archives and Records Administration 2018-07-10 continuing daily deposited born digital 229 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2018-07-10 P0b002ee19da426ea 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr10jy18 https://www.govinfo.gov/app/details/FR-2018-07-10 https://www.govinfo.gov/content/pkg/FR-2018-07-10/pdf/FR-2018-07-10.pdf https://www.govinfo.gov/content/pkg/FR-2018-07-10/xml/FR-2018-07-10.xml fdlp 31841 32060 DGPO 2018-11-06 2024-06-01 FR-2018-07-10 machine generated eng FR FR-2018-07-10 83 132