The JOBS Act of 2012 created a number of special accommodations under the U.S. securities laws for a newly designated group of companies known as "emerging growth companies" (EGCs). A principal goal of the JOBS Act is to encourage job creation and economic growth by making it easier for private companies to access the public capital markets. This Dataline provides responses to frequently asked questions about the EGC provisions of Title I of the JOBS Act.
* The second PwC observation in the section “Confidential SEC staff review of certain registration statements” was updated on June 13, 2012 to reflect the SEC’s implementation of a secure email system to accept confidential submissions. The Dataline was also updated on May 3, 2012 to reflect newly published interpretive guidance from the SEC staff. Significant revisions were made to FAQs 1.04, 2.01, 4.02, 5.01, and 5.03, and new FAQs 1.13, 1.14, 2.06, 3.04 were added. Additionally, FAQ 5.04 was removed.