SEC Reporting Update - New definition of a smaller reporting company will provide significant disclosure relief for many companies

16 Aug 2018 PDF
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Publications SEC publications


Our SEC Reporting Update describes the new thresholds for qualifying for smaller reporting company (SRC) status and the scaled disclosures SRCs can provide in SEC filings. The SEC expects nearly 1,000 more registrants to qualify for SRC status under the new definition, which is effective 10 September 2018. A registrant that qualifies as an SRC under the new definition has the option of reducing its disclosures beginning with its first periodic report due after 10 September 2018 or a registration statement or proxy statement filed or amended on or after that date. Our publication also notes that the staff of the SEC’s Division of Corporation Finance issued A Small Entity Compliance Guide on this topic.

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