ESPP Stock Options RS/RSU ESPP Employee Stock Purchase Plans REGULATORY COMPLIANCE SECURITIES LAW Under the EU Prospectus Regulation, although purchase rights are deemed to be a security, the offer of purchase rights is exempt under an employee share plan exemption; however, if the offer is made to more than 150 employees in an EU member…
ESPP Stock Options RS/RSU ESPP Employee Stock Purchase Plans REGULATORY COMPLIANCE SECURITIES LAW Offers to fewer than 100 individuals with a pre-existing relationship (such as employees and service providers) are exempt from securities requirements. Including private offer language in the award agreement is advisable. Unless an alternative exemption is available, an offer to 100 or…
ESPP Stock Options RS/RSU ESPP Employee Stock Purchase Plans REGULATORY COMPLIANCE SECURITIES LAW Any public offer of securities is subject to approval by the China Securities Regulatory Commission (“CSRC”). The CSRC has indicated that the offer of employee stock plans does not constitute a public offer. Because the CSRC’s guidance has been unofficial and non-binding,…
ESPP Stock Options RS/RSU ESPP Employee Stock Purchase Plans REGULATORY COMPLIANCE SECURITIES LAW No securities law requirements apply provided the grant is a private offer. Although there is no clear guidance regarding what constitutes a private offer and a “public offering of securities,” the Chilean securities authority has established a “safe harbor,” under which some…
ESPP Stock Options RS/RSU ESPP Employee Stock Purchase Plans REGULATORY COMPLIANCE SECURITIES LAW Generally, as the result of an exemption pursuant to National Instrument 45-106, there are no securities restrictions or prospectus requirement for stock plan awards to employees. DATA PRIVACY Generally, the processing and transfer of an employee’s personal data is permissible with such…
ESPP Stock Options RS/RSU ESPP Employee Stock Purchase Plans REGULATORY COMPLIANCE SECURITIES LAW No securities law requirements apply. DATA PRIVACY Since there is a constitutional right to privacy, obtaining employee consent is recommended in order to process and transfer personal data in connection with the administration of a stock plan. FOREIGN EXCHANGE The foreign exchange…
ESPP Stock Options RS/RSU ESPP Employee Stock Purchase Plans REGULATORY COMPLIANCE SECURITIES LAW Under the EU Prospectus Regulation, although purchase rights are deemed to be a security, the offer of purchase rights is exempt under an employee share plan exemption; however, if the offer is made to more than 150 employees in an EU member…
ESPP Stock Options RS/RSU ESPP Employee Stock Purchase Plans REGULATORY COMPLIANCE SECURITIES LAW Under the EU Prospectus Regulation, although purchase rights are deemed to be a security, the offer of purchase rights is exempt under an employee share plan exemption; however, if the offer is made to more than 150 employees in an EU member…
ESPP Stock Options RS/RSU ESPP Employee Stock Purchase Plans REGULATORY COMPLIANCE SECURITIES LAW As of October 1, 2022, Class Orders 14/1000 and 14/1001 issued by the Australian Securities Investments Commission have been replaced by new exemptions under the Corporations Act. If an exemption under the Corporations Act is not available, among other requirements including an…
ESPP Stock Options RS/RSU ESPP Employee Stock Purchase Plans REGULATORY COMPLIANCE SECURITIES LAW Securities registration is not required provided (i) the offer is only to compensate employees, (ii) no company shares are traded in Argentina, and (iii) there is no advertising of the offer to the public. Award materials should be addressed to individual employees. …