Regulatory Alerts2014-12-30 | 2014-30136Added
Changes to Exchange Act Registration Requirements To Implement Title V and Title VI of the Jobs Act
The Securities and Exchange Commission proposes amendments to Exchange Act rules to implement higher registration, termination, and reporting thresholds established by Titles V and VI of the JOBS Act. The proposed rules adjust the holder of record and asset thresholds for general issuers and extend bank-specific thresholds to savings and loan holding companies. Additionally, the Commission proposes to revise the definition of 'held of record' to exclude securities received under employee compensation plans and establish a safe harbor for this determination.
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