On 12 April 2017, the SEC adopted technical amendments which result in changes to the cover pages of certain forms to conform them to certain provisions of the JOBS Act, which, among other things, exempts an EGC from various disclosure and regulatory requirements of the Securities Act and the Exchange Act. The forms subject to these amendments are now required to include two check boxes allowing companies to indicate whether the company is an EGC, and if so, whether it has elected to use the extended transition period for complying with new or revised accounting standards pursuant to the Securities Act.
The cover pages of the following forms have been modified to conform to the JOBS Act requirements:
- Securities Act Forms S-1, S-3, S-4, S-8, S-11, F-1, F-3 and F-4; and
- Exchange Act Forms 10, 8-K, 10-Q, 10-K, 20-F and 40-F.
As the cover page changes apply to both ECGs and non-ECGs, all issuers are required to revise the cover page of the applicable forms to include the two new notification requirements. The SEC's updated forms can be found at:
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