The Securities and Exchange Commission today adopted final rules to facilitate smaller companies’ access to capital, the agency announced. The new rules – which update and expand Regulation A, an existing exemption from registration for smaller issuers – provide investors with more investment choices. The rules are mandated by Title IV of the Jumpstart Our Business Startups (JOBS) Act. The updated exemption will enable smaller companies to offer and sell up to $50 million of securities in a 12-month period, subject to eligibility, disclosure and reporting requirements. “These new rules provide an effective, workable path to raising capital that also provides strong investor protections,” said SEC Chair Mary Jo White in a release. “It is important for the commission to continue to look for ways that our rules can facilitate capital-raising by smaller companies.” The rules will be effective 60 days after publication in the Federal Register.