SEC-proposed amendments to the definitions of "accelerated filer" and "large accelerated filer" under Exchange Act Rule 12b-2 were published in the Federal Register. Comments must be submitted by July 29, 2019.

As previously covered, under the amended rules, a smaller reporting company with less than $100 million in revenue would no longer be required to obtain an attestation of its internal controls over financial reporting from an independent auditor. In addition, the proposal would increase the transition thresholds for becoming a non-accelerated filer and create a revenue test for existing and large accelerated filer status.

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