10 Pa. Code § 204.012

Current through Register Vol. 54, No. 39, September 28, 2024

Section 204.012 - Waivers for pre-effective offers under section 203(h)

Under section 204(a) of the act (70 P.S. § 1-204(a)), the Department waives the requirement in section 203(h) of the act (70 P.S. § 1-203(h)) that a registration statement, including a prospectus, be filed with the Department to make offers, but not sales, of securities in this Commonwealth if the issuer of the securities to be offered under the exemption in section 203(h) of the act has filed a registration statement with the Securities and Exchange Commission under the Securities Act of 1933 (15 U.S.C.A. §§ 77a-77aa) before the time offers are made in this Commonwealth in reliance on section 203(h) of the act.

The provisions of this §204.012 adopted October 10, 1997, effective 10/11/1997, 27 Pa.B. 5255; amended December 30, 1999, effective 1/1/2000, 30 Pa.B. 18; transferred and renumbered from 64 Pa. Code § 204.012, December 14, 2012, effective 12/15/2012, 42 Pa.B. 7533; amended January 12, 2018, effective 1/13/2018, 48 Pa.B. 389.

The provisions of this §204.012 amended under sections 102(k), 202(g)-(i), 203(d), (i.1), (j) and (n)-(t), 204(a), 205(b), 207(g), (i), (j.1), (k) and (n), 209(b), 211(a) and (b), 504(d), 513, 603(a), 606(d) and 609(a) of the Pennsylvania Securities Act of 1972 (70 P.S. §§ 1-102(k), 1-202(g)-(i), 1-203(d), (i.1), (j) and (n)-(t), 1-204(a), 1-205(b), 1-207(g), (i), (j.1), (k) and (n), 1-209(b), 1-211(a) and (b), 1-504(d), 1-513, 1-603(a), 1-606(d) and 1-609(a)); section 202.C of the Department of Banking and Securities Code (71 P.S. § 733-202.C); and section 9(b) of the Takeover Disclosure Law (70 P.S. § 79(b)).