The table below compares certain benefits available to EGCs and non-EGCs.
See Topic 10 of the FRM for additional information about the eligibility requirements for, and accommodations available to, EGCs.
See Topic 5 of the FRM for information about the eligibility requirements for, and additional relief available to, SRCs.
See footnote 2.
We believe this may also include financial information of entities other than the registrant (i.e., under Regulation S-X, Rule 3-05 or 3-09).
The general instructions to Form S-1 and Form F-1 indicate that before the registrant distributes a preliminary prospectus to investors, the registration statement must be amended to include all financial information required under Regulation S-X.
This applies only to IPOs of debt or equity securities on Form S-1 or Form F-1. For example, it would not apply to draft registration statements on Form S-11 or Form 10.
An EGC would generally be required to present three years of financial statements for an IPO of debt securities or a registration statement on Form 10. See paragraph 10220.1 of the FRM for more information.