Iowa Admin. Code r. 191-50.92
Current through Register Vol. 47, No. 13, December 25, 2024
Rule 191-50.92 - Notice filing requirement for Regulation A - Tier 2 offerings This rule applies to an issuer offering and selling securities in this state in an offering exempt under Tier 2 of 17 CFR Section 230251. et seq. ("federal Regulation A") and Sections 18(b)(3) and 18(b)(4) of the Securities Act of 1933:
(1)Initial filing.a. An issuer planning to offer and sell securities in this state in an offering exempt under Tier 2 of federal Regulation A shall submit the following to the administrator at least 21 calendar days prior to the initial sale in this state: (1) Either a completed Uniform Notice Filing of Regulation A - Tier 2 Offering form (accessible through http://www.nasaa.org/industry-resources/uniform-forms/) or copies of all documents the issuer filed with the Securities and Exchange Commission related to that Tier 2 offering;(3) A filing fee of $400.b. The initial filing is effective for 12 months from the date of the filing with the administrator.(2)Renewal. For each additional 12-month period in which the same offering described in paragraph 50.92(1)"a" is continued, an issuer conducting a Tier 2 offering under federal Regulation A may renew its notice filing by filing with the administrator the following on or before the expiration of the notice filing: b. A renewal filing fee of $400. This rule is intended to implement Iowa Code section 502.303.
Iowa Admin. Code r. 191-50.92
Amended by IAB October 11, 2017/Volume XL, Number 8, effective 11/15/2017