Regulatory Alerts2016-05-10 | 2016-10746Added · Updated
Changes to Exchange Act Registration Requirements To Implement Title V and Title VI of the JOBS Act
The Securities and Exchange Commission adopted final rules to implement statutory changes from the JOBS Act and the FAST Act regarding Exchange Act registration thresholds. The amendments raise the asset and holder-of-record thresholds for registration, termination of registration, and suspension of reporting obligations, specifically establishing a 1,200-person threshold for banks and holding companies. Additionally, the rules revise the definition of 'held of record' to exclude securities received via employee compensation plans and establish a safe harbor for determining record holders.
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