Comment Deadline Set for SEC Proposal to Amend Registration Exemptions for "Platform Workers"

An SEC proposal to amend registration exemptions related to securities issued by non-reporting companies for certain compensation plans was published in the Federal Register. According to the SEC, the proposed changes are intended to modernize the exemption and registration statement "in light of the significant evolution in compensatory offerings."

See related coverage for an overview of the proposed changes to Securities Act Rule 701 and Form S-8. Comments on the proposed amendments must be submitted by February 9, 2021.