[Federal Register Volume 81, Number 249 (Wednesday, December 28, 2016)]
[Rules and Regulations]
[Page 95458]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-31286]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
17 CFR Part 240
[Release No. 33-10075A; 34-77757A; File No. S7-12-14]
RIN 3235-AL40
Changes to Exchange Act Registration Requirements To Implement
Title V and Title VI of the JOBS Act; Correction
AGENCY: Securities and Exchange Commission.
ACTION: Final rule; technical correction.
-----------------------------------------------------------------------
SUMMARY: This document makes technical corrections to a rule that was
published in the Federal Register on May 10, 2016 (81 FR 28689). The
Commission adopted revisions to Rule 12g-1 under the Securities
Exchange Act of 1934 (``Exchange Act'') in light of the statutory
changes made by Title V and Title VI of the Jumpstart Our Business
Startups Act and Title LXXXV of the Fixing America's Surface
Transportation Act. This document is being published to correct
language in that rule to more precisely reflect the holder of record
threshold established by Exchange Act Section 12(g)(1).
DATES: Effective December 28, 2016.
FOR FURTHER INFORMATION CONTACT: Steven G. Hearne, Senior Special
Counsel, at (202) 551-3430, Division of Corporation Finance, Securities
and Exchange Commission, 100 F Street NE., Washington, DC 20549.
SUPPLEMENTARY INFORMATION: We are making technical corrections to Rule
12g-1 \1\ under the Exchange Act.\2\
---------------------------------------------------------------------------
\1\ 17 CFR 240.12g-1.
\2\ 15 U.S.C. 78a et seq.
---------------------------------------------------------------------------
List of Subjects in 17 CFR Part 240
Reporting and recordkeeping requirements, Securities.
Text of the Amendments
For the reasons set out above, title 17, chapter II of the Code of
Federal Regulations is amended as follows:
PART 240--GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF
1934
0
1. The general authority citation for part 240 continues to read as
follows:
Authority: 15 U.S.C. 77c, 77d, 77g, 77j, 77s, 77z-2, 77z-3,
77eee, 77ggg, 77nnn, 77sss, 77ttt, 78c, 78c-3, 78c-5, 78d, 78e, 78f,
78g, 78i, 78j, 78j-1, 78k, 78k-1, 78l, 78m, 78n, 78n-1, 78o, 78o-4,
78o-10, 78p, 78q, 78q-1, 78s, 78u-5, 78w, 78x, 78ll, 78mm, 80a-20,
80a-23, 80a-29, 80a-37, 80b-3, 80b-4, 80b-11, 7201 et seq., and
8302; 7 U.S.C. 2(c)(2)(E); 12 U.S.C. 5221(e)(3); 18 U.S.C. 1350;
Pub. L. 111-203, 939A, 124 Stat. 1376 (2010); and Pub. L. 112-106,
sec. 503 and 602, 126 Stat. 326 (2012), unless otherwise noted.
* * * * *
0
2. Amend Sec. 240.12g-1 by revising paragraph (b)(1) to read as
follows:
Sec. 240.12g-1 Registration of securities; Exemption from section
12(g).
* * * * *
(b)(1) The class of equity securities was held of record by fewer
than 2,000 persons and fewer than 500 of those persons were not
accredited investors (as such term is defined in Sec. 230.501(a) of
this chapter, determined as of such day rather than at the time of the
sale of the securities); or
* * * * *
Dated: December 21, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-31286 Filed 12-27-16; 8:45 am]
BILLING CODE 8011-01-P