Jan 18, 2016
From the Financial Reporting Network
As required by the Fixing America's Surface Transportation (FAST) Act, the SEC recently adopted interim final amendments to its rules and Forms S-1 and F-1 to (1) permit emerging growth companies to omit from filings financial information required by Regulation S-X that a registrant reasonably believes will not be required to be included in the filing at the time of the contemplated offering and (2) revise Form S-1 to permit forward incorporation by reference for smaller reporting companies.
The interim final rules are effective on publication in the Federal Register. Comments on the interim final rules are due 30 days after they are published in the Federal Register.
The staff of the SEC's Division of Corporation Finance issued new, and updated existing, compliance and disclosure interpretations (C&DIs) to reflect changes in filing guidance brought about by the FAST Act. The new C&DIs address how savings and loan holding companies are treated in a similar manner to bank holding companies for the purposes of registration, termination of registration, or suspension of their Exchange Act reporting obligation, as required by the FAST Act.