All: Regulatory Activity

Notice of Request for Public Comment: Proposed Coordinated Review Program for Section 3(b)(2) Offerings

October 30, 2013 — The Board of Directors of the North American Securities Administrators Association, Inc. (NASAA) has authorized release for public comment the accompanying materials regarding a new proposed coordinated review program for offerings exempt from registration federally under Section 3(b)(2) of the Securities Act of 1933. Section 3(b)(2) of the Securities Act of […]

NASAA Proposals, Regulatory Activity, Request for Comment Read more

Notice of Request for Public and Internal Comment on Proposed Franchise Multi-Unit Commentary

The Board of Directors of the North American Securities Administrators Association, Inc. (NASAA) has authorized the release, for both public and internal comment, of a  proposed Multi‐Unit Commentary related to state franchise disclosure laws. The proposal defines certain multi‐unit franchising arrangements that have become common in franchising and provides guidance for disclosing those arrangements in franchise disclosure documents.  […]

NASAA Proposals, Regulatory Activity, Request for Comment Read more

Notice of Request for Public Comments on Proposed Changes to NASAA Registration Exemption for Investment Advisers to Private Funds Model Rule Under the Uniform Securities Acts of 1956 and 2002

The Board of Directors of the North American Securities Administrators Association, Inc. (NASAA) has authorized release for public comment proposed changes to the NASAA Registration Exemption for Investment Advisers to Private Funds Model Rule under the Uniform Securities Act of 1956 and under the Uniform Securities Act of 2002. Public Comment Period The public comment […]

NASAA Proposals, Regulatory Activity, Request for Comment Read more

Notice of Request for Public and Internal Comment on Proposed Changes to the Judgment-Lien Disclosure Reporting Page on Form U4

The Board of Directors of the North American Securities Administrators Association, Inc. (NASAA) has authorized the release for internal and public comment for proposed changes to the Judgment/Lien Disclosure Reporting Page of the Uniform Application for Securities Industry Registration or Transfer (Form U4).  Background and Summary Representatives of broker-dealers, investment advisers, or issuers of securities […]

NASAA Proposals, Regulatory Activity, Request for Comment Read more

Notice of Request for Public and Internal Comment on Proposed Changes to the Uniform Branch Registration Form (Form BR)

  The Board of Directors of the North American Securities Administrators Association, Inc. (NASAA) has authorized the release for internal and public comment proposed changes to the Uniform Branch Registration Form (Form BR), including its instructions.  Background and Summary Form BR is the form used for branch office registration, notification, closing or withdrawal.  Broker-dealers and […]

NASAA Proposals, Regulatory Activity, Request for Comment Read more

Washington Proposes Amendments to Rules for Investment Advisers

The Washington Securities Division is proposing to amend the rules for investment advisers in Chapter 460-24A WAC. The proposed rules would update various provisions of the investment adviser rules, including the rules regarding financial reporting requirements, custody, books and records, and unethical practices.

Regulatory Activity, State Rule Proposals Read more

Notice of Request for Public and Internal Comment: Proposed Changes to Model Custody and Recordkeeping Rules Under the Uniform Securities Acts of 1956 and 2002 To Clarify Requirements Relating to Inadvertent Custody of Client Funds

The Board of Directors of the North American Securities Administrators Association, Inc. (“NASAA”) has authorized release for internal and public comment the following proposed changes to Model Rules 102(e)(1)-1 and 203(a)-2 under the Uniform Securities Act of 1956 and Model Rules USA 2002 411(c)-1 and USA 2002 411(f)-(1) under the Uniform Securities Act of 2002 […]

All Comment Letters, Issues & Advocacy, Legal Activity, NASAA Proposals, Regulatory Activity, Regulatory Comment Letters, Request for Comment Read more

Notice of Request for Public Comment: Proposed Changes to Performance Fee Model Rules Under the Uniform Securities Acts of 1956 and 2002

The Board of Directors of the North American Securities Administrators Association, Inc. (“NASAA”) has authorized release for public comment the following proposed changes to Model Rule 102(f)-3 under the Uniform Securities Act of 1956 and Model Rule  502(c) under the Uniform Securities Act of 2002 (“the performance fee model rules” or “the Model Rules”). Public […]

All Comment Letters, Issues & Advocacy, NASAA Proposals, Regulatory Activity, Regulatory Comment Letters, Request for Comment Read more

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 […]

NASAA Proposals, Regulatory Activity, Request for Comment Read more

Maryland Issues Exempt Reporting Adviser Order

The Maryland Securities Commission has issued an order amending the Maryland Securities Act to adopt the NASAA Registration Exemption for Investment Advisers to Private Funds Model Rule concerning treatment of certain private fund advisers under the Dodd-Frank Act. Print | PDF | Email

Regulatory Activity, State Rule Proposals Read more