Iowa 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
502.302(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
502.302(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
502.302(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
at efdnasaa.org.
This rule is intended to implement Iowa Code section 502.302(1).
Notes
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