Reporting Issuers to Get Regulation A Exemptions from SEC
December 13, 2018
In response to the passing of the Economic Growth, Regulatory Relief, and Consumer Protection Act, the Securities and Exchange Commission (“SEC”) plans to offer Regulation A exemptions to reporting issuers. SEC’s Division of Corporation Finance director William Hinman said the agency will act quickly to make the exemptions available to companies bound by reporting under Section 13 or 15(d) of the Securities and Exchange Act.
The SEC initially planned to issue a proposal on the Regulation A exemptions in September 2019, but Hinman noted that the agency will accelerate the matter by skipping its formal rulemaking process. If any questions do arise, the SEC plans to address them by issuing interpretive guidance.