Employee Benefit Plans Qualified as "Rule 701 Plans"
Rule 701 Plans

Statute:  § 551.23(18), Wis. Stats.

Administrative Code: § DFI­Sec 2.02(9)(m), Wis. Adm. Code.

Used for:  Offers or sales of a security by an issuer pursuant to employee benefit plans, including stock option plans, if the offers and sales qualify for use of the registration exemption under Rule 230.701 under section 3(b) of the Securities Act of 1933.

Filing requirement: Self-Executing. No filing or Consent to Service of Process is necessary in order to claim this exemption.

Frequently asked questions:

Q: If the offer and sale does not qualify for this exemption, are there any related exemptions that may be available?

    A: Yes. See § 551.22(10), Wis. Stats., and § DFI­Sec 2.02(9)(f), Wis. Adm. Code.