230-50-05 R.I. Code R. § 3.6

Current through August 19, 2024

Section 230-RICR-50-05-3.6 - Federal Covered Securities - Notice Filing Requirements under Section 18(b)(2) of the Securities Act of 1933

A. Pursuant to R.I. Gen. Laws § 7-11-307(a), for a covered security under Section 18(b)(2) of the Securities Act of 1933, 15 U.S.C. § 77r(b)(2), unless the security is exempted by R.I. Gen. Laws § 7-11-401 or is sold in an exempt transaction under R.I. Gen. Laws § 7-11-402, a notice filing shall be filed with the Department prior to the initial offer of such security in this state, which filing shall consist of:

1. A Form NF;

2. A Form U-2 for consent to service of process, unless the version of the Form NF contains a consent to service of process; and

3. The filing fee set forth in R.I. Gen. Laws § 7-11-307(a)(1) or (2), as applicable.

B. A notice filing shall be effective commencing upon the later of its receipt by the Director or the effectiveness of the issuer's registration statement relating to the offering with the SEC, and continuing until two months after the issuer's fiscal year end. A notice filing may be renewed prior to its expiration by filing with the Department:

1. A current Form NF; and

2. The renewal fee set forth in R.I. Gen. Laws § 7-11-307(a)(4).

C. A renewed notice filing shall take effect upon the expiration of the previous notice filing.

230 R.I. Code R. § 230-RICR-50-05-3.6