Rule 701 Justification for Non-Substantive Change

Rule 701 Justification for Non-Substantive Change.6-19-2018.docx

Rule 701-Exemption for offers and sales of securities pursuant to certain compensatory benefit plans and contracts relating to compensation.

Rule 701 Justification for Non-Substantive Change

OMB: 3235-0522

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June 19, 2018

Re: 3235-0522 – Non-Substantive Change:

Rule 701 Justification for Non-Substantive Change:

The increase in burden of 650 hours and the increase of $780,000 in cost burden is due to a change in how the Commission determined the number of issuers relying on the Rule 701 exemption, which resulted in an increase in both the burden hours and cost burden totals.

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AuthorCrawley, Pearl
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File Created2021-01-11

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