Iowa Admin. Code r. 191-50.60 - Notice filings for investment company securities offerings
(1) Except as provided in subrule 50.60(5),
no investment company that is registered under the Investment Company Act of
1940 or that has a currently filed registration statement under the Securities
Act of 1933 is required to file with the administrator, either prior to the
initial offer or after the initial offer in Iowa of a security which is a
covered security under Section 18(b)(2) of the Securities Act of 1933, a copy
of any document which is part of a federal registration statement filed with
the SEC or is part of an amendment to such federal registration
statement.
(2) Prior to the initial
offer of a federal covered security in Iowa, an investment company that is
registered under the Investment Company Act of 1940 or that has filed a
registration statement under the Securities Act of 1933 shall file with the
administrator:
a. A notice of filing on Form
NF ;
b. A filing fee; and
c. A consent to service of process.
(3) A notice of filing may be
renewed prior to expiration by filing the following with the administrator :
a. A notice of filing on Form NF ;
and
b. Payment of the applicable
fee under Iowa Code section
502302(1).
"a."
(4) Amendments to notice filings are made on
Form NF and are effective upon receipt by the administrator . Withdrawal or
termination of a notice filing is made by filing Form NF or providing the
administrator with notice of the withdrawal or termination in a similar format.
An amendment, withdrawal, or termination is effective upon receipt by the
administrator of the required notice and all fees required by Iowa Code section
502302(1).
"a."
This subrule is intended to implement Iowa Code section 502.302.
(5) An investment
company that is registered under the Investment Company Act of 1940 or that has
filed a registration statement under the Securities Act of 1933 shall file,
upon written request of the administrator and within the time period set forth
in the request, a copy of any document identified in the request that is part
of the federal registration statement filed with the SEC or part of an
amendment to such federal registration statement.
(6) An investment company that makes a notice
filing under subrule 50.60(2) and that pays an initial $400 filing fee under
Iowa Code section
502302.
(1)"a" shall pay a $400 renewal fee prior to the notice
filing's annual renewal date. Notice filings that are not renewed by the annual
renewal date shall expire.
This subrule is intended to implement Iowa Code section 502.302.
(7) Effective
January 1, 2019, when notice filings of the records and fees are required by
this rule for the offer or sale of unit investment trusts (as defined in the
Investment Company Act of 1940 (
15 U.S.C. Section
80a-4(2) ), the filings shall be submitted
electronically through NASAA 's electronic filing depository system
atefdnasaa.org.
This rule is intended to implement Iowa Code section 502.302(1).
Notes
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