The Commission also describes how excluding small business issuers from all but the accounting policy disclosures required by the rule limits substantially the application of the amendments to small entities.
Small business issuers aren't excluded from anything except for the accounting policy disclosure.
mnli hypothesis: Small business issuers aren't excluded from anything except for the accounting policy disclosure. premise: The Commission also describes how excluding small business issuers from all but the accounting policy disclosures required by the rule limits substantially the application of the amendments to small entities.