 |
D.C. Municipal Regulations (Last Updated: September 13, 2017) |
 |
Title 26. INSURANCE, SECURITIES, AND BANKING |
|
SubTilte 26-B. SECURITIES |
|
Chapter 26-B2. REGISTRATION OF SECURITIES OFFERINGS |
Section 26-B204. REGISTRATION BY QUALIFICATION
-
204.1Any securities offering may be registered by qualification.
(a)Except as provided in § 205, an issuer who seeks to register a security by qualification shall file with the Department, the following documents and information:
(1)Form U-1, Uniform Application to Register Securities, (together with all exhibits, which shall include all information required under §§ 304 and 306 of the Act (D.C. Offical Code §§ 31-5603.04 and 31-5603.06));
(2)(A)One copy of an executed SEC Form S-1; or
(B)A completed Form U-7, Small Corporate Offerings Registration Form;
(3)An irrevocable consent appointing the Commissioner agent for the service of process, executed by the applicant on Form U-2, Uniform Consent to Service of Process, and accompanied by Form U-2A, Uniform Corporate Resolution;
(4)Two copies of any prospectus, pamphlet, circular, form letter, advertisement, or other sales literature intended, as of the effective date, to be used in connection with the offering;
(5)A filing fee as provided in § 249.1; and
(6)Any other document or information requested by the Director.
(b)Unless otherwise ordered by the Commissioner, the prospectus which is sent or given to each person to whom an offer is made shall contain all the information contained in the registration statement filed with the Department under subsection (a) of this section. The prospectus shall be written in plain English and presented in a format that is clear and easy to understand, with appropriate headings and subheadings.
(c)An application for registration by qualification shall become effective in the District when so ordered by the Commissioner.