SEC Proposes Amendments to Requirements for Compensatory Securities Offerings and Sales

The SEC has issued a proposed rule, Modernization of Rules and Forms for Compensatory Securities Offerings and Sales. The proposed rule would amend Rule 701 of the Securities Act of 1933 by allowing “an exemption from registration for securities issued by non-reporting issuers pursuant to compensatory arrangements, and Form S-8, the Securities Act registration statement for compensatory offerings by reporting issuers.”

For more information, see the press release on the SEC’s Web site