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SEC

RIN: 3235-AH13

Publication ID: Spring 1997

Title: ●Streamlining Rule 144
Abstract: The Commission has proposed revisions to Rule 144, Rule 145 and Form 144 to make the rules and form easier to understand and apply. The proposed amendments would, among other things, add a bright line test to the Rule 144 definition of affiliate, eliminate the Rule 144 manner of sale requirements, increase the Form 144 filing thresholds, and codify certain interpretive positions. The proposals also would eliminate the presumptive underwriter provisions of Rule 145.
Agency: Securities and Exchange Commission(SEC)	Priority: Substantive, Nonsignificant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: Undetermined	Unfunded Mandates: No
CFR Citation: 17 CFR 230.144
Legal Authority: 15 USC 77a et seq

Timetable:

Action	Date	FR Cite
NPRM	02/20/1997	62 FR 9246
NPRM Comment Period End	04/29/1997	62 FR 9246
Final Action	08/00/1997

Regulatory Flexibility Analysis Required: Yes	Government Levels Affected: None
Small Entities Affected: Businesses
Included in the Regulatory Plan: No
Agency Contact: Jeffrey Minton Office of Chief Accountant Securities and Exchange Commission 100 F Street NE, Washington, DC 20549 Phone:202 551-5300 Email: oca@sec.gov