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SEC Amendments to the Smaller Reporting Company Definition

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Aug 10, 2018

On August 10, 2018, the Securities and Exchange Commission (SEC) released the guide "A Small Entity Compliance Guide for Issuers".

On June 28, 2018, the SEC adopted amendments that raise the thresholds in the smaller reporting company (“SRC”) definition, thereby expanding the number of smaller companies eligible to comply with the scaled disclosure requirements in several Regulation S-K and Regulation S-X items. The amendments to the SRC definition and other amendments are effective on September 10, 2018.

Under the new SRC definition, a company with less than $250 million of public float will be eligible to provide scaled disclosures. Companies with less than $100 million in annual revenues and either no public float or a public float that is less than $700 million will also be eligible to provide scaled disclosures.

Review the guide on the SEC's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.