All: Regulatory Activity

Notice of Request for Public Comment Regarding a Proposed NASAA Model Rule and Uniform Notice Filing Form for Regulation A – Tier 2 Offerings

January 27, 2016 The Corporation Finance Section of the North American Securities Administrators Association (NASAA) is requesting public comments on a proposed model rule and uniform notice filing form. The model rule requires a notice filing for issuers utilizing the Regulation A – Tier 2 exemption in those states in which sales are made. The uniform notice filing […]

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Nebraska Department of Banking and Finance Issues Notice of Rulemaking Hearing

The Nebraska Department of Banking and Finance has issued a notice of rulemaking hearing. The Department is proposing the adoption of new rules related to the small intrastate offering exemption, crowdfunding, integration of offerings, and an exclusion from the definition of “investment adviser” for advisers to certain private funds. A public hearing on the proposals […]

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Notice of Request for Comments Regarding a Proposed Franchise Commentary on Financial Performance Representations

October 1, 2015 NASAA’s Franchise and Business Opportunity Project Group  is releasing for internal and public comment a Proposed Franchise Commentary on Financial Performance Representations. Download > Notice of Request for Comments Regarding a Proposed Franchise Commentary on Financial Performance Representations NASAA Comment Period The NASAA comment period is from October 1, 2015 to November […]

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Notice of Request for Comments Regarding NASAA’s Proposed Model Legislation of Regulation to Protect Vulnerable Adults from Financial Exploitation

September 29, 2015 The Board of Directors of the North American Securities Administrators Association, Inc. (“NASAA”) is seeking comment on proposed model legislation to protect vulnerable adults from financial exploitation. As explained more fully below, the proposed Model Act gives industry participants and state regulators new tools to help detect and prevent financial exploitation of […]

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Washington Securities Division Adopts Final Rule to Require Notice Filings for Tier 2 Securities Offerings Under Regulation A

On September 17, 2015, the Washington Securities Division announced that it had adopted a final rule to require notice filings in connection with Tier 2 securities offerings under federal Regulation A.  The Rule-Making Order (Form CR-103) and the text of the final rule were filed on September 16, 2015 with the Office of the Code Reviser […]

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Washington Securities Division Seeks Comments on Proposed Rules to Require Notice Filings in Connections with Tier 2 Securities Offerings Under Federal Regulation A

Comments should be submitted by September 9, 2015.

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Notice of Request for Additional Comments Regarding a Proposed NASAA Model Rule Exemption Certain Merger and Acquisition Brokers from State Registration

The North American Securities Administrators Association is requesting additional comments to its proposed uniform state model rule regarding the exemption of certain merger and acquisition brokers from registration as “brokers,” “dealers,” “agents,” and/or “broker-dealers” pursuant to state securities laws. The NASAA comment period is from April 16, 2015 to May 17, 2015. Download Notice of […]

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Washington Securities Divisions Issues Preproposal Statement of Inquiry

The Washington Securities Division is planning to propose rules to preserve filing requirements in connection with offerings of securities to be made under Tier 2 of the Securities and Exchange Commission’s newly adopted rules for Regulation A offerings. See below for details. Tier 2 Offerings Under Regulation A Print | PDF | Email

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Notice of Request for Public Comment on a Proposed NASAA Model Rule Exempting Certain Merger and Acquisition Brokers from State Registration

The Broker-Dealer Section of the North American Securities Administrators Association (NASAA) is requesting comment for a proposed uniform state model rule regarding the exemption of certain merger and acquisition brokers from registration as “brokers,” “dealers,” “agents,” and/or “broker-dealers” pursuant to state securities laws. Download Background and Proposed NASAA Model Rule Exempting Certain Merger and Acquisition […]

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Public Comment Period Extended on Proposed IA Business Continuity and Succession Planning Model Rule and Guidance

The Board of Directors of the North American Securities Administrators Association, Inc. (NASAA) has extended the public comment period on a proposed model rule and guidance requiring investment advisers to create and implement written procedures to address business continuity and succession planning under the Uniform Securities Act of 1956 and under the Uniform Securities Act […]

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