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Affiliate -- Reporting Company

Old Rule

New Rule

One-year holding period
 

Subject to

Issuer current in reporting

Volume limitations

Manner of sale restrictions

Form 144 filing

Six-month holding period
 

Subject to

Issuer current in reporting
Volume limitations

  • Increased for debt
    Manner of sale restrictions
  • Only for equity securities
    Form 144 filing
  • Threshold increased
  • Affiliate -- Non-Reporting Company

    Old Rule

    New Rule

    One-year holding period
     

    Subject to

    Issuer current in reporting

    Volume limitations

    Manner of sale restrictions

    Form 144 filing

    One-year holding period

    Subject to

    Issuer current in reporting
    Volume limitations

  • Increased for debt
    Manner of sale restrictions
  • Only for equity securities
    Form 144 filing
  • Threshold increased
  • Non-affiliate -- Reporting Company

    Old Rule

    New Rule

    One-year holding period
     

    Subject to

    Issuer current in reporting

    Volume limitations

    Manner of sale restrictions

    Form 144 filing

    Unrestricted after 2 years

    Six-month holding period
     

    Subject to

    Issuer current in reporting

    Unrestricted after 1 year

    Non-affiliate -- Non-Reporting Company

    Old Rule

    New Rule

    One-year holding period
     

    Subject to

    Issuer current in reporting

    Volume limitations

    Manner of sale restrictions

    Form 144 filing

    Unrestricted after 2 years

    One-year holding period

    Unrestricted after 1 year

     



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