The US SEC plans to simplify the registration, issuance, and disclosure rules for US stock companies The US Securities and Exchange Commission (SEC) has released two proposed rule revisions that aim to significantly simplify the registration, issuance, and ongoing disclosure requirements for listed companies. In terms of registration and issuance, more listed companies with smaller market capitalization will be able to use shelf offering and enjoy registration and communication activities currently limited to "mature large cap issuers". Securities firms can also provide research coverage for more companies, and all registration and issuance will be exempt from state-level securities registration requirements. In terms of information disclosure, the SEC plans to raise the threshold for "large accelerated filers" from $700 million in public market value to $2 billion, and provide at least 60 months of "IPO buffer period" for post IPO companies, during which they will not be considered as large accelerated filers regardless of market value; The remaining companies are classified as non accelerated declarants and enjoy most of the disclosure exemptions applicable to small and emerging companies, as well as exemption from internal control auditor verification obligations.