Registration by Coordination Flashcards
What is registration by coordination
Registration by coordination is used in conjunction with SEC registration.
If there is a pending application to register a security with the SEC under the Securities Act of 1933, the security may also be registered by coordination concurrently with administrators in multiple states under the USA.
What needs to be included in the registration statement of coordination.
3 copies of the latest prospectus filed with the SEC
If required by the Administrator, copies of any other documents filed with the SEC under the Securities Act of 1933
A statement that the issuer agrees to provide the Administrator with any amendments to the prospectus within one business day
If required by the Administrator, a copy of the articles of incorporation and bylaws, a copy of any underwriting agreement, a copy of the security being offered and, if applicable, a copy of any trust indenture
When is the effective date of registration by coordination.
registration by coordination becomes effective at the time that the federal registration statement becomes effective as long as:
The state registration statement has been on file with the Administrator for at least 10 days
A statement of the maximum and minimum proposed offering prices, and the maximum underwriting discounts and commissions, has been on file with the Administrator for 2 full business days;
There is no stop order in effect
