SEC Proposes to Amend Definitions of “Accelerated Filer” and “Large Accelerated Filer”

The SEC has issued a proposed rule, Amendments to the Accelerated Filer and Large Accelerated Filer Definitions.

The proposal would amend Exchange Act Rule 12b-2 and “reduce costs for certain lower-revenue companies by more appropriately tailoring the types of companies that are categorized as accelerated and large accelerated filers while maintaining effective investor protections.”

Comments on the proposed rule are due 60 days after the date of its publication in the Federal Register.

For more information, see Deloitte's related Heads Up newsletter as well as the press release and proposed rule on the SEC’s Web site.