Welcome news for some smaller companies: A lot more of them will be able to take advantage of streamlined disclosure and reporting requirements, thanks to a recent proposal by the Securities and Exchange Commission.
If adopted, the proposed rule amendments—part of a series of six measures relating to smaller issuers announced by the SEC in May—have “the potential to save money for a wide range of companies as they comply with reduced disclosure burdens,” says Scott Porter, special counsel in the San Francisco office of Orrick Herrington & Sutcliffe.
