(1) In order to promote uniform regulation,
the administrator adopts the following North American Securities Administrators
Association (NASAA) statements of policy for offerings registering pursuant to
RCW
21.20.180 or
21.20.210:
(a) Registration of publicly offered cattle
feeding programs, as adopted September 17, 1980;
(b) Registration of commodity pool programs,
as adopted with amendments through May 6, 2012;
(c) Equipment programs, as adopted with
amendments through May 6, 2012;
(d)
Registration of oil and gas programs, as adopted with amendments through May 6,
2012;
(e) Real estate investment
trusts, as adopted with amendments through May 7, 2007;
(f) Real estate programs, as adopted with
amendments through May 7, 2007;
(g)
Loans and other material affiliated transactions, as adopted with amendments
through May 6, 2018;
(h) Options
and warrants, as adopted with amendments through March 31, 2008;
(i) Registration of direct participation
programs - omnibus guidelines, as adopted with amendments through May 7,
2007;
(j) Mortgage program
guidelines, as adopted with amendments through May 7, 2007;
(k) Church bonds, as adopted April 14,
2002;
(l) Corporate securities
definitions, as adopted with amendments through May 6, 2018;
(m) Impoundment of proceeds, as adopted with
amendments through March 31, 2008;
(n) Preferred stock, as adopted with
amendments through September 11, 2016;
(o) Promotional shares, as adopted with
amendments through March 31, 2008, except that the term promotional shares
shall be limited to those equity securities which were issued within the last
three years and that all promotional shares in excess of twenty-five percent of
the shares to be outstanding upon completion of the offering may be required to
be deposited in escrow absent adequate justification that escrow of such shares
is not in the public interest and not necessary for the protection of
investors;
(p) Registration of
asset-backed securities, as adopted with amendments through May 6, 2012, except
for offerings registering or required to register pursuant to chapter 460-33A
WAC or
RCW
21.20.705 through
21.20.855;
(q) Promoters' equity investment, as adopted
with amendments through September 11, 2016;
(r) Specificity in use of proceeds, as
adopted with amendments through September 11, 2016;
(s) Underwriting expenses, underwriter's
warrants, selling expenses, and selling security holders, as adopted with
amendments through May 6, 2018;
(t)
Unsound financial condition, as adopted with amendments through May 6,
2018;
(u) Unequal voting rights, as
adopted with amendments through September 11, 2016;
(v) Guidelines for general obligation
financing by religious denominations, as adopted April 17, 1994;
(w) Risk disclosure guidelines, as adopted
September 9, 2001;
(x) Church
extension fund securities, as adopted with amendments through April 18, 2004;
and
(y) Guidelines for cover
legends, as adopted October 2, 2004.
(z) Electronic offering documents and
electronic signatures, as adopted May 8, 2017.
