S.D. Admin. R. 20:08:07:36
Current through Register Vol. 50, page 162, June 24, 2024
In designating a foreign jurisdiction under SDCL 47-31B-202(23), the director shall consider whether a foreign jurisdiction's laws provide substantially similar protection to investors as is provided by the Securities Exchange Act of 1934 with respect to securities listed on a national securities exchange in the United States. However, the director may waive a particular requirement for national exchanges under the Securities Exchange Act of 1934 when making a determination for designating a foreign jurisdiction or exchange designation.
S.D. Admin. R. 20:08:07:36
General Authority: SDCL 47-31B-202(23), 47-31B-605(a)(1).
Law Implemented: SDCL 47-31B-103, 47-31B-202(23).