(Download) "Revisions to Rules 144 and 145 (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition)" by The Law Library ~ Book PDF Kindle ePub Free
eBook details
- Title: Revisions to Rules 144 and 145 (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition)
- Author : The Law Library
- Release Date : January 22, 2018
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 301 KB
Description
The Law Library presents the complete text of the Revisions to Rules 144 and 145 (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition).
Updated as of May 29, 2018
Rule 144 under the Securities Act of 1933 creates a safe harbor for the sale of securities under the exemption set forth in Section 4(1) of the Securities Act. We are shortening the holding period requirement under Rule 144 for “restricted securities” of issuers that are subject to the reporting requirements of the Securities Exchange Act of 1934 to six months. Restricted securities of issuers that are not subject to the Exchange Act reporting requirements will continue to be subject to a one-year holding period prior to any public resale. The amendments also substantially reduce the restrictions applicable to the resale of securities by non-affiliates. In addition, the amendments simplify the Preliminary Note to Rule 144, amend the manner of sale requirements and eliminate them with respect to debt securities, amend the volume limitations for debt securities, increase the Form 144 filing thresholds, and codify several staff interpretive positions that relate to Rule 144. Finally, we are eliminating the presumptive underwriter provision in Securities Act Rule 145, except for transactions involving a shell company, and revising the resale requirements in Rule 145(d). We believe that the amendments will increase the liquidity of privately sold securities and decrease the cost of capital for all issuers without compromising investor protection.
This ebook contains:
- The complete text of the Revisions to Rules 144 and 145 (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition)
- A dynamic table of content linking to each section
- A table of contents in introduction presenting a general overview of the structure