Section 16-38-8 - Registration of securities(a) An application to register securities for distribution in the State of Hawaii shall be filed with the commissioner on Form U- 1. The application shall include all exhibits applicable to the type of registration sought by the applicant, i.e., notification or qualification.(b) An application filed with the SEC under the Securities Act of 1933, Regulation A, 17 CFR sections 230.251 to 230.262, as amended, may be filed with the commissioner either by notification or qualification. Notwithstanding the requirements of the SEC, however, the prospectus or offering circular used in connection with an offering of securities under Regulation A of the SEC shall contain the financial statements prescribed by section 485-9, HRS, (notification) or section 485-10, HRS, (qualification).[Eff 6/4/70; am and ren § 16-38-8, 7/30/81; am and comp 10/12/85; am and comp 4/14/03] (Auth: HRS § 485-2) (Imp: HRS §§ 485-9, 485-10)