The SEC issued proposed new rules under the JOBS Act to, inter alia:
- change the registration/deregistration requirements under the Securities Exchange Act of 1934,
- determine who is an “accredited investor” as of the last day of the fiscal year for purposes of the ’34 Act,
- state that certain shares are not “held of record” for purposes of registering under the ’34 Act, and
- creating a safe harbor for persons receiving securities under a company’s compensation plan under ’33 Act Rule 701(c).
See the release: http://www.sec.gov/rules/proposed/2014/33-9693.pdf