Haw. Code R. § 16-38-59
The purpose of this subchapter is to encourage investment in small businesses, and provide a method of registration for small companies offering securities to the public. The commissioner recognizes that small issuers raising small amounts of money face special problems not faced by issuers raising larger amounts, and that standards appropriate to registrations of larger offerings may become unduly burdensome when applied to registrations of small offerings. The registration method offered by this subchapter is intended to reduce the costs and burdens of raising capital for small business and to maximize the amount of offering proceeds available to the is suer for investment in the business, without sacrificing investor protection. Issuers eligible for this method of registration shall use the SCOR registration form as the disclosure document for the offering.
Haw. Code R. § 16-38-59