United States

SEC Staff Issues C&DIs about Offerings under Regulations A and D

Nov 22, 2016
From the Financial Reporting View

The staff of the SEC’s Division of Corporation Finance recently issued Compliance and Disclosure Interpretations (C&DIs) about small offerings under Regulations A and D. One C&DI clarifies that a Regulation A issuer may omit in an offering statement financial information for historical periods if it reasonably believes that those financial statements will not be required when its Form 1-A qualifies. This relief is consistent with the relief that the SEC staff provides for emerging growth companies.

Read C&DIs