SEC/CORPORATE –
SEC Division of Corporation Finance Issues C&DIs on Application of Rule 701 –
On June 23, the Staff of the Division of Corporation Finance (Staff) of the Securities and Exchange Commission released new Compliance and Disclosure Interpretations (C&DIs) relating to Rule 701 of the Securities Act of 1933, as amended, primarily in the context of a merger transaction. Rule 701 provides a safe harbor exemption for equity securities issued pursuant to employee benefit plans and contracts.
Please see full publication below for more information.
