The SEC today posted on its website the following rules and proposed rules.
Release No. 33-8617: "Revisions to Accelerated Filer Definition and Accelerated Deadlines for Filing Periodic Reports".
This is the Proposed Rule regarding amendments to the definition of accelerated filer and amendments to the accelerated filing deadlines.
The Proposed Rule would modify the current accelerated filing deadlines, so that, "only the largest accelerated filers (those with a market value of outstanding voting and non-voting common equity held by non-affiliates of $700 million or more) become subject to the final phase-in of the accelerated filing transition schedule that will require annual reports on Form 10-K to be filed within 60 days after fiscal year end. Under our proposed amendments, however, these companies would continue to file their quarterly reports on Form 10-Q under the current 40-day deadline, rather than the 35-day deadline that was scheduled to apply to quarterly reports filed next year."
See full Article.
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