Regulatory Alerts2020-12-11 | 2020-26374Added
Temporary Rules to Include Certain Platform Workers in Compensatory Offerings Under Rule 701 and Form S-8
The Securities and Exchange Commission proposes temporary amendments to Rule 701 and Form S-8 to allow non-reporting and reporting issuers to offer securities to platform workers without registration. These changes would exempt securities issued to individuals providing services through internet-based marketplace platforms from registration requirements, provided specific conditions are met. The proposal also extends Exchange Act exclusions to these securities, with the temporary provisions set to expire five years after effectiveness.
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