N.M. Admin. Code § 12.11.12.9

Current through Register Vol. 35, No. 21, November 5, 2024

Section 12.11.12.9 - SECTION 58-13C-202B(4) - MANUAL OR ELECTRONICALLY AVAILABLE INFORMATION EXEMPTION

A. For purposes of the registration exemption in Section 58-13C-202 B, any Standard & Poor's, Mergent or Fitch securities manual that contains, in whatever format, the information specified in Section 58.202B4(a) to (d) is designated as a "nationally recognized securities manual" under Section 58-202B(4)(a) to (d).

B. All information provided pursuant to Section 58-202B4(a) to (d) must be current. The time for determining whether the entries are current is at the date of the particular sale, not the date the manual listings are published. If a manual listing is not continually updated, the exemption would not be available once the published balance sheet becomes more than 18 months old or the list of officers and directors is not reasonably current.

12.11.12.9 NMAC - Rp, 12.11.12.10 NMAC, 1-1-2010