System Now Accepts Notice Filings for Unit Investment Trusts

WASHINGTON, DC, March 12, 2019 –The North American Securities Administrators Association (NASAA) announced today that its Electronic Filing Depository (EFD) System has been expanded to accommodate the electronic filing of Form NF-UIT notice filings for unit investment trusts (UITs) with state securities regulators.

Filers are now able to submit Form NF-UIT notice filings and pay fees through the EFD System to the initial 27 jurisdictions that have successfully completed the onboarding process to date. A list of participating jurisdictions is available on the EFD system website and will be updated as additional jurisdictions complete the onboarding process.

Developed by NASAA, the EFD System was launched in 2014 and was initially used to facilitate the filing of Form D for Regulation D, Rule 506 offerings with state securities regulators and to pay related fees. To date, nearly 47,000 filer-initiated Form D notices have been processed on EFD resulting in more than 250,000 notices filed with state securities regulators (including initial filings, amendments, terminations, and renewals).

“We are pleased to offer additional efficiencies for issuers to help meet state Form NF filing requirements,” said Michael S. Pieciak, NASAA President and Commissioner of the Vermont Department of Financial Regulation. “We are confident the EFD system will modernize and streamline the filing process for Form NF-UIT as it has for Form D.”

Pieciak noted that 47 NASAA member jurisdictions are currently participating in the online EFD system for Form D. “We will continue to work with the remaining jurisdictions to bring them onto EFD to reach our goal of 100 percent participation,” he said. Future system enhancements are being considered to accommodate the electronic filing of Form NF-Mutual Funds and franchise filings, Pieciak said.

The EFD website also enables the public to search and view, free of charge, filings made through EFD with state securities regulators. EFD is available at: https://www.efdnasaa.org.

For More Information:
Bob Webster | Director of Communications
202-737-0900