All: NASAA Proposals

Notice of Request for Public Comment on Proposed Revisions to Form ADV Part 1B

The Board of Directors of the North American Securities Administrators Association, Inc. (“NASAA”) has authorized release for public comment the following revisions to Form ADV Part 1B. Background and Discussion of Proposed Changes The Uniform Application for Investment Adviser Registration and Report by Exempt Reporting Advisers (“Form ADV”) is used by investment advisers to register and/or […]

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Notice of Request for Public Comment: Proposed Model Franchise Exemptions

NASAA’s Franchise and Business Opportunity Project Group (the “Franchise Project Group” or “Project Group”) is rereleasing for comment from interested persons proposed changes to NASAA’s Model Franchise Exemptions (the “Model Exemptions”).  In response to a previous solicitation for comment, NASAA received a total of six (6) public comments regarding various provisions in the Model Exemptions.  […]

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Request for Public Comment: Cross Reference Sheets

The NASAA Board of Directors has authorized release for public comment the following amendments to add cross reference sheets in the NASAA Guidelines for the Registration of Asset-Backed Securities, the Registration of Equipment Programs, the Registration of Commodity Pool Programs, and the Registration of Oil and Gas Programs. Comments on the proposed amendments are invited. […]

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Proposal to Revoke NASAA Health Care Facility Offering Statement of Policy

The Board of Directors of the North American Securities Administrators Association, Inc. (NASAA), has authorized release for public comment a proposal to repeal, revoke, or otherwise make inactive, the NASAA Health Care Facility Offerings Statement of Policy. The comment period will remain open for 30 days. Comments on the proposed repeal of the Health Care Facility Offerings […]

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Proposed Model Franchise Exemptions

Notice of Request for Public and Internal Comment: Proposed Model Franchise Exemptions Download: Proposed Model Franchise Exemptions The Board of Directors of the North American Securities Administrators Association, Inc. (NASAA) has authorized the release, for both internal and public comment, of proposed Model Exemptions relating to state franchise registration and disclosure laws. The proposal includes model […]

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Proposed Model Rule for Exempt Reporting Advisers

On December 10, 2010, NASAA published for comment a proposed model rule that would exempt investment advisers to certain types of private funds from state registration. NASAA received five comments in response to the proposed model rule. The drafters of the proposed rule reviewed the comments, and in response, revised several provisions within the proposed rule. NASAA […]

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New Model Rules Pertaining to Investment Adviser Custody

NASAA’s Investment Adviser Section and Investment Adviser Regulatory Policy and Review Project Group are rereleasing for comment from interested persons proposed changes to the NASAA model rule pertaining to investment adviser custody. Download: Background Memo and Proposed Model Rule The comment period will remain open for 30 days. Accordingly, all comments should be submitted on or […]

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New Model Rules Pertaining to Investment Adviser Custody and Brochure Requirements

NASAA’s Investment Adviser Regulatory Policy and Review Project Group is soliciting comments from interested persons regarding proposed changes to the NASAA model rules pertaining to investment adviser custody, financial requirements, recordkeeping and brochure delivery. Download: Background Memo and Proposed Model Rules The comment period begins on Thursday, February 17, 2011, and will remain open for 14 […]

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Proposed NASAA Model Rule on Private Fund Adviser Registration and Exemption

The Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) made significant changes to the provisions governing the regulation of investment advisers under the Investment Advisers Act of 1940 (“IAA”). In addition to expanding the states’ oversight of investment advisers by increasing the assets under management threshold for registration with the Securities and Exchange […]

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Proposal for Uniform State Franchise Delivery Requirements

NASAA’s Franchise and Business Opportunity Project Group is soliciting both internal and public comments on a proposal for model state law provisions regarding the delivery of franchise disclosure documents. The Proposal follows new federal franchise delivery requirements adopted under an Amended Federal Trade Commission Franchise Rule in 2007. In the interests of uniformity, the Proposal recommends […]

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