The Small Entity Update Act mandates the Securities and Exchange Commission to study and revise the definition of "small entity" under securities.
The Small Entity Update Act requires the Securities and Exchange Commission to conduct a study on the definition of "small entity" under securities laws, considering the growth of financial markets and the need for a meaningful number of entities to fall under this definition. The study must align with the findings of the Regulatory Flexibility Act and include recommendations for expanding the definition. The Commission must submit a report to Congress with the study results and specific recommendations.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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