Recent Amendments to Exempt Offering Rules Include Significant Updates to “Integration” Framework

On March 15, 2021, several previously-announced amendments to the Securities and Exchange Commission’s exempt offering rules took effect. The rule changes, which were first announced in November 2020, are designed, in the SEC’s words, to “harmonize, simplify, and improve the multilayer and overly complex exempt offering framework,” and to “promote capital formation and expand investment opportunities while preserving or improving important investor protections.”...
By: Kilpatrick Townsend & Stockton LLP

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