The commission adopts the following North American Securities
Administration Association, Inc. (NASAA) statements of policy that shall apply
to the registration of securities in the Commonwealth. It will be considered a
basis for denial of an application if an offering fails to comply with an
applicable statement of policy. While applications not conforming to a
statement of policy shall be looked upon with disfavor, where good cause is
shown, certain provisions may be modified or waived by the commission.
1. Options and Warrants, as amended March 31,
2008.
2. Underwriting Expenses,
Underwriter's Warrants, Selling Expenses and Selling Security Holders, as
amended May 6, 2018.
3. Real Estate
Programs, as amended May 7, 2007.
4. Oil and Gas Programs, as amended May 6,
2012.
5. Cattle-Feeding Programs,
as adopted September 17, 1980.
6.
Unsound Financial Condition, as amended May 6, 2018.
7. Real Estate Investment Trusts, as amended
May 7, 2007.
8. Church Bonds, as
adopted April 29, 1981.
9. Small
Company Offering Registrations, as adopted April 28, 1996.
10. NASAA Guidelines Regarding Viatical
Investment, as adopted October 1, 2002.
11. Corporate Securities Definitions, as
amended May 6, 2018.
12. Church
Extension Fund Securities, as amended April 18, 2004.
13. Promotional Shares, as amended March 31,
2008.
14. Loans and Other Material
Transactions, as amended May 6, 2018.
15. Impoundment of Proceeds, as amended March
31, 2008.
16. Electronic Offering
Documents and Electronic Signatures, as adopted May 8, 2017.
Notes
21 Va. Admin. Code §
5-30-80
Derived from Virginia
Register Volume 13, Issue 25, eff. September 1, 1997; amended, Virginia
Register Volume 14, Issue 22, eff. July 1, 1998; Volume 17, Issue 20, eff. July
1, 2001; Volume 19, Issue 23, eff. July 1, 2003; Volume 25, Issue 22, eff. July
1, 2009; Volume 29, Issue 20, eff. June 3, 2013; Amended
Virginia
Register Volume 34, Issue 09, eff.
12/1/2017; Amended,
Virginia
Register Volume 36, Issue 02, eff.
9/16/2019.
Statutory Authority: §§
12.1-13
and
13.1-523 of the
Code of Virginia.
