Regulatory Alerts2020-12-11 | 2020-26390Added
Modernization of Rules and Forms for Compensatory Securities Offerings and Sales
The Securities and Exchange Commission proposes amendments to Rule 701 and Form S-8 to modernize the regulatory framework for compensatory securities offerings by non-reporting and reporting issuers. The proposed changes revise disclosure requirements for transactions exceeding $10 million, expand eligibility for consultants, advisors, and former employees, and simplify administrative burdens on Form S-8 through improved plan registration and fee payment methods. These updates aim to align current regulations with the evolution of compensatory practices while maintaining investor protection standards.
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