Statements of Policy

NASAA Adopted Statements of Policy Index


Statements of Policy for Broker-Dealers and Investment Advisers
Dishonest or Unethical Business Practices of Broker-Dealers and Agents
Dishonest or Unethical Business Practices by Broker-Dealers and Agents in Connection with Investment Company Shares
Cross Border Trading by Broker-Dealers and Agents
General Statements of Policy for Registration of Securities
Small Company Offering Registration (SCOR) Statement of Policy
Corporate Securities Definitions (Amended May 6, 2018)
Impoundment of Proceeds
Loans and Other Material Affiliated Transactions (Amended May 6, 2018)
Options and Warrants
Preferred Stocks (Amended September 11, 2016)
Promoters Equity Investment (Amended September 11, 2016)
Promotional Shares
Specificity in Use of Proceeds (Amended September 11, 2016)
Underwriting and Selling Expenses, Underwriter’s Warrants and Selling Security Holders (Amended May 6, 2018)
Unsound Financial Condition (Amended May 6, 2018)
Voting Rights (Amended September 11, 2016)
Statements of Policy for Specific Types of Securities
Registration of Asset-Backed Securities (Amended May 6, 2012)
Registration of Publicly Offered Cattle-Feeding Programs
Church Bonds and Church Bonds – Cross Reference Sheet
Church Extension Fund Securities
Registration of Commodity Pool Programs (Amended May 6, 2012)
Debt Securities
Registration of Equipment Programs (Amended May 6, 2012)
Registration of Mortgage Programs
Registration of Oil Gas Programs (Amended May 6, 2012)
Real Estate Investment Trusts
Real Estate Programs
Omnibus Guidelines
Model Accredited Investor Exemption
World Class Foreign Issuer Exemption
Interpretive Order Concerning Broker-Dealers, Investment Advisers, Broker-Dealer Agents and Investment Adviser Representatives Using the Internet for General Dissemination of Information on Products and Services
NASAA Resolution on Internet Offers
Statements of Policy Regarding Franchises
Uniform Franchise Delivery Requirements
Franchise Registration and Disclosure Guidelines
Internet Offers of Franchises
Electronic Delivery of Franchise Disclosure Documents
Franchise Advertising on the Internet
Franchise Multi-Unit Commentary
Other Statements of Policy
Risk Disclosure Guidelines
Multi-State Review of Requests for Interpretive Opinions and No-Action Letters
Internationalization of Securities
Uniform Disclosure Guidelines for Cover Legends
NASAA Resolution Regarding Blank Check and Blind Pool Offerings
Obsolete Statements of Policy
General Obligation Financing by Religious Denominations
Real Estate Investment Trusts (REITS)
Registration of Commodity Pool Programs
Registration of Asset-Backed Securities
Real Estate Programs
Omnibus Guidelines
Registration and Qualification of Oil and Gas Programs
Mortgage Program Guidelines
Health Care Facility Offerings
Equipment Programs
Please contact the states in which you plan to file a registration to determine if the state has adopted these amendments.
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