SEC plans to promote registration, issuance, and disclosure reforms to expand financing and disclosure convenience for listed companies On May 19th, according to an official announcement, the US Securities and Exchange Commission (SEC) proposed to modify the rules and forms related to registration and issuance, aiming to improve the efficiency and flexibility of public fundraising for listed companies, reduce costs, and simplify the information disclosure framework for listed companies. According to the proposal, more listed companies can conduct shelf offerings, more companies can apply the registration and communication convenience that was originally only open to "well-known mature issuers", broker dealers can provide research report coverage for more listed companies, and the registration and qualification requirements of state securities laws for multi state registration and issuance will be excluded at the federal level. According to the proposal, the threshold for large accelerated applicants is proposed to be raised from $700 million to $2 billion, and will not be included in this category for at least 60 months after the IPO due to market capitalization. The public solicitation period for ორივ proposals is 60 days after their publication in the Federal Register.