The SEC's Division of Corporation Finance updated its Financial Reporting Manual. The revised Manual adds a new Topic 10, "Emerging Growth Companies," reflecting the existing SEC guidance on emerging growth companies under Title I of the JOBS Act.
On October 29, 2013, the SEC's Division of Corporation Finance published an updated version of its Financial Reporting Manual.
The revised Manual adds a new Topic 10, "Emerging Growth Companies," reflecting the new category of issuers, emerging growth companies, created under Title I of the JOBS Act. Newly added Topic 10 consists of the following subtopics:
Eligibility (Section 10100).
Scaled Disclosure Provisions (Section 10200).
Foreign Private Issuers (Section 10300).
The revised Manual also includes many other updates to existing sections reflecting the substance of the Division's frequently asked questions on Title I of the JOBS Act. For discussions of these FAQs, see the following Legal Updates: