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Yesterday, May 24, 2016, the Staff of the Securities and Exchange Commission published a Small Entity Compliance Guide that is intended to help issuers navigate the changes to the Exchange Act Section 12(g) threshold in light of the JOBS Act and the FAST Act and the adoption by the Commission on May 3, 2016 of rules implementing the mandates of those two acts.

The Small Entity Compliance Guide provides an overview of the new Section 12(g) thresholds triggering registration, the new “held of record” definition, and the rules related to termination of registration.

Here is a link to the guide:  https://www.sec.gov/info/smallbus/secg/jobs-act-section-12g-small-business-compliance-guide.htm.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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