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On the Horizon -- SEC releases small entity compliance guide

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SEC releases Small Entity Compliance Guide
NACD and ISA issue guidance on cyber-risk oversight




SEC releases Small Entity Compliance Guide

Small Entity Compliance Guides summarize and explain rules adopted by the SEC, but they are not a substitute for SEC rules. Only an SEC rule provides complete and definitive information regarding its requirements.


The staff of the SEC’s Division of Corporation Finance recently issued a Small Entity Compliance Guide to summarize key provisions of Rule 504 of Regulation D that was included in the Commission’s Final Rule, Exemptions to Facilitate Intrastate and Regional Securities Offerings.

The Final Rule increased the amount of securities that may be offered and sold under Rule 504 of Regulation D from $1 million to $5 million in any 12-month period.



NACD and ISA issue guidance on cyber-risk oversight

The National Association of Corporate Directors (NACD) and the Internet Security Alliance (ISA) released the 2017 edition of the “NACD Director’s Handbook on Cyber-Risk Oversight.” The handbook is developed around five core principles designed to enhance the cyber literacy and oversight capabilities of directors and board members of organizations. The handbook includes updated information on the threat environment, legal developments, and current statistics on board-level cybersecurity oversight practices, along with expanded tools that can be used to improve and enhance boardroom practices.




© 2017 Grant Thornton LLP, U.S. member firm of Grant Thornton International Ltd. All rights reserved. This Grant Thornton LLP On the Horizon provides information and comments on current accounting and SEC reporting issues and developments. It is not a comprehensive analysis of the subject matter covered and is not intended to provide accounting or other advice or guidance with respect to the matters addressed in this publication. All relevant facts and circumstances, including the pertinent authoritative literature, need to be considered to arrive at conclusions that comply with matters addressed in this publication. For additional information on topics covered in this publication, contact a Grant Thornton client-service partner.