The rule amendments would consolidate the existing five overlapping filer statuses into two primary categories, raise the public float threshold for large accelerated filers, and extend to non-accelerated filers most of the scaled disclosure and other accommodations now available to smaller reporting companies and emerging growth companies. The amendments would also give the smallest public companies more time to file their periodic reports.

The SEC's proposing release (No. 34-105515), issued on May 19, 2026, is available here.  The 60-day comment period will expire on July 20, 2026.

Click here to read our full SEC Update publication.

Authored by Alan Dye (co-editor), Richard Parrino (co-editor), Elizabeth Banks, John Beckman, Kevin Greenslade, Michael McTiernan, Stuart Morrissy, Stephen Nicolai, Brian O'Fahey, Catalina Parkinson, and Gil McDonald.