SEC proposes to amend definitions of “accelerated filer” and “large accelerated filer”

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May 09, 2019

On May 9, 2019, the Securities and Exchange Commission (SEC) issued a proposed rule, “Amendments to the Accelerated Filer and Large Accelerated Filer Definitions.”

The proposal would amend Exchange Act Rule 12b-2 and “reduce costs for certain lower-revenue companies by more appropriately tailoring the types of companies that are categorized as accelerated and large accelerated filers while maintaining effective investor protections.”

Comments on the proposed rule are due 60 days after the date of its publication in the Federal Register.

Review the press release and proposed rule on the SEC’s website.

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