SEC Updates Corporation Finance Interpretations Related to Securities Act Sections and Securities Act Forms

New Question 118.01 has been added to the CFIs on the Securities Act sections. This Q&A discusses the eligibility of PEPs “to claim the Section 3(a)(2) exemption for any interest or participation in a ‘single trust fund.’”

New Question 126.45 has been incorporated into the CFIs on the Securities Act forms. This Q&A addresses whether an employer participant in a PEP that “offers its own securities to its employees as an investment option in the PEP” is permitted to “use Form S-8 to register the offers and sales of those securities.”