Final Rule
Exempt Offerings Pursuant to Compensatory Arrangements
Overview
The Securities and Exchange Commission is adopting an amendment to its regulations under the Securities Act of 1933 (the "Securities Act'), which provide an exemption from registration for securities issued by non-reporting companies pursuant to compensatory arrangements. As mandated by the Economic Growth, Regulatory Relief, and Consumer Protection Act (the "Act'), the amendment revises a rule to increase from $5 million to $10 million the aggregate sales price or amount of securities sold during any consecutive 12-month period in excess of which the issuer is required to deliver additional disclosures to investors.
Details
Public Comments Due
Aug. 24, 2018
File Number
S7-17-18
Rule Type
Final
Release Number
33-10520
SEC Issue Date
July 18, 2018
Effective Date
July 23, 2018
Federal Register Publish Date
July 24, 2018
Document Citation
83 FR 34940
RIN
3235-AM39