SEC final amendments to expand the definition of "smaller reporting company" ("SRC") were published in the Federal Register. The amendments will become effective on September 10, 2018.

As previously covered, the amendments will raise the SRC threshold and permit a wider group of registrants to qualify for scaled disclosure obligations. The goal of expanding the number of qualifying registrants is to encourage capital formation, as well as to reduce compliance fees. The amendments will not alter the "accelerated filer" or "large accelerated filer" threshold.

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