Securities and Exchange Commission December 30, 2014 – Federal Register Recent Federal Regulation Documents

We are proposing amendments to our rules to implement Title V and Title VI of the Jumpstart Our Business Startups Act (the ``JOBS Act''). The proposed amendments would revise rules adopted under Section 12(g) of the Securities Exchange Act of 1934 (the ``Exchange Act'') to reflect the new, higher thresholds for registration, termination of registration and suspension of reporting that were set forth in the JOBS Act. The proposed rules also would apply the thresholds specified for banks and bank holding companies to savings and loan holding companies. In addition, the proposed amendments would revise the definition of ``held of record'' in Exchange Act Rule 12g5-1, in accordance with the JOBS Act, to exclude certain securities held by persons who received them pursuant to employee compensation plans and establish a non-exclusive safe harbor for determining whether securities are ``held of record'' for purposes of registration under Exchange Act Section 12(g).