United States: SEC Proposes to Amend Rule 701 and Form S-8 and.
United States: SEC Proposes to Amend Rule 701 and Form S-8 and Extend Rules to âGigâ Workers
The SEC proposed amendments to the Form S-8 registration statement relied on by Exchange Act reporting companies and the Rule 701 exemption from registration available to non-reporting companies for equity awards and other compensatory securities offered to employees, directors, consultants and advisors. The proposed changes are intended to modernize and simplify the securities offering requirements for such compensatory offerings, while maintaining investor protection.
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In brief
On 24 November 2020, the SEC proposed amendments to the Form S-8 registration statement relied on by Exchange Act