With respect to offerings registered with the Securities and Exchange Commission under the Securities Act of 1933, as amended, and qualified with the Commissioner by coordination, a prospectus which is part of a registration statement which has been declared effective by such Commission shall be deemed to comply with all requirements as to form of these Rules; provided however, that the Commissioner reserves the right to exercise discretion to require additional disclosure of substance.
Cal. Code Regs. Tit. 10, § 260.140.117.2
Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25140, Corporations Code.