7 Tex. Admin. Code § 3.1 - Private Placement of Securities

A state-chartered bank may engage in private placement transactions by acting as broker and bringing together buyers and sellers of privately placed instruments. The term "private placement transactions" means:

(1) making recommendations regarding the terms and timing of the transaction;

(2) assisting in the preparation of the financing documents;

(3) contacting potential institutional investors;

(4) arranging meetings between the issuer and potential investors; and

(5) assisting in subsequent negotiations involving these parties.

Notes

7 Tex. Admin. Code § 3.1

The provisions of this §3.1 adopted to be effective August 19, 1985, 10 TexReg 2542; amended to be effective May 17, 1996, 21 TexReg 3929; Amended by Texas Register, Volume 47, Number 35, September 2, 2022, TexReg 5330, eff. 9/8/2022