The changes accelerate reports for domestic companies that:

• Have a public float of at least $75 million;
• Have been reporting for at least 12 months;
• Have previously filed one annual report; and
• Are not eligible to use the Commission's special forms for small business issuers.

The changes to filing deadlines will be phased in over three years, with no change for the first year. The annual report deadline will remain 90 days for the first year, change to 75 days for year two, and change to 60 days for year three and thereafter. The quarterly report deadline will remain 45 days for the first year, change to 40 days for year two, and change to 35 days for year three and thereafter. The first reductions-to 75 days for annual reports and 40 days for quarterly reports-would occur for accelerated filers with fiscal years ending on or after Dec. 15, 2003.