Iowa Admin. Code r. 191-50.63 - Registration of multijurisdictional offerings

(1) Pursuant to Iowa Code section 502303(2)., oiTerings filed on SEC Form F-7, Form F-8, Form F-9 or Form F-10 sliall become effective the later of three days after filing, or the effective date with the SEC.

(2) Pursuant to Iowa Code section 502605(3)., financial statements and financial information for offerings filed under subrule 50.63(1) shall comply with instructions provided with SEC Form F-7, Form F-8, Form F-9 or Form F-10.

(3) In a Rights Offering, SEC Form F-7 will be accepted in lieu of any state form required to claim an exemption for any transaction pursuant to an offer to existing securities holders.

(4) After the SEC has declared effective an issuer's Form F-8, Form F-9 or Form F-10 registration statement, a nonissuer transaction in any class of the issuer's securities is exempt from registration, whether or not the transaction is effected through a broker-dealer

This rule is intended to implement Iowa Code sections 502.303(2) and 502.605(3).

Notes

Iowa Admin. Code r. 191-50.63