On December 19, the Securities and Exchange Commission published its final rules adopting amendments to its disclosure and reporting requirements under the Securities Act of 1933 and the Securities Exchange Act of 1934 to expand the number of “smaller reporting companies” that qualify for its “scaled disclosure” requirements and to move the scaled disclosure requirements from Regulation S-B to Regulation S-K.

 http://www.sec.gov/rules/final/2007/33-8876.pdf

Also on December 19, the Securities and Exchange Commission published final rules adopting amendments to the eligibility requirements of Form S-3 and Form F-3 of the Securities Act of 1933 to allow companies with less than the current $75 million public float requirement to nevertheless register primary offerings of their securities on such forms. There are certain restrictions, including that the amount of securities those companies may sell pursuant to the expanded eligibility standard in any one-year period cannot exceed one-third of their public float.

 http://www.sec.gov/rules/final/2007/33-8878.pdf