3 AAC 08.506. Notice filing procedures for transactions of federal covered securities not involving public offerings

(a) An issuer offering a federal covered security in a transaction that is not a public offering for the purposes of 15 U.S.C. 77d(2) and 15 U.S.C. 77r(b)(4)(D) (secs. 4(2) and 18(b)(4)(D) of the Securities Act of 1933) shall file with the administrator no later than 15 days after the first sale of that federal covered security in this state

(1) a notice on SEC Form D, including Part E and the Appendix, or on any successor form adopted by the SEC; and

(2) a nonrefundable notice filing fee as provided in 3 AAC 08.920(a) (3).

(b) A notice filing under this section is effective

(1) only if the administrator receives each item required by (a) of this section; and

(2) on the date that the administrator receives the last of the items required by (a) of this section.

(c) After receipt of the items required (a) of this section, the administrator will issue a certificate of notice as of the date of receipt of those items. Sales may occur before the effective date of the notice filing under this section.

(d) A notice filing under this section is valid for one year from the effective date established under (b) of this section, or for two years from that date if, when submitting the items required under (a) of this section, the issuer paid the fee required by 3 AAC 08.920(a) (3) for an automatic extension. To renew a notice, the issuer must submit the items required by (a) of this section, as if the issuer were making an initial filing.

History: Eff. 5/24/84, Register 90; am 4/19/2000, Register 154

Authority: AS 45.55.075

AS 45.55.950

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