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The SEC amended the definitions of accelerated filer and large accelerated filer to exclude smaller reporting companies that have not yet begun to generate significant revenue. Smaller reporting companies that have less than $100 million in annual revenues now qualify as non-accelerated filers and are no longer required to obtain an auditor’s attestation on internal control over financial reporting. The amendments are effective 30 days after publication in the Federal Register. They will apply to the determination of an issuer’s filer status for purposes of annual reports due on or after the effective date.