Document ID: SEC-2017-0323-0001
Agency: sec
Document Type: Rule
Title: Facilitate Intrastate and Regional Securities Offerings; Exemptions
Posted Date: 2017-02-28T05:00Z

[Federal Register Volume 82, Number 38 (Tuesday, February 28, 2017)]
[Rules and Regulations]
[Page 12067]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-03848]

=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 230

[Release Nos. 33-10238A; 34-79161A; File No. S7-22-15]
RIN 3235-AL80

Exemptions To Facilitate Intrastate and Regional Securities 
Offerings

AGENCY: Securities and Exchange Commission.

ACTION: Final rule; technical correction.

-----------------------------------------------------------------------

SUMMARY: This document makes a technical correction to one of the final 
regulations (SEC Rel. No. 33-10238) published in the Federal Register 
on November 21, 2016 (81 FR 83494). Specifically, the amendments to 
Rule 504 of Regulation D under the Securities Act of 1933 inadvertently 
omitted the word ``or'' from the last sentence of the rule; this 
correction is reflected in the text of the amendments below.

DATES: This correction is effective February 28, 2017.

FOR FURTHER INFORMATION CONTACT: Anthony G. Barone, Special Counsel, or 
Jenny Riegel, Special Counsel, Division of Corporation Finance, at 
(202) 551-3460.

SUPPLEMENTARY INFORMATION: We are making a technical correction to Rule 
504 \1\ of Regulation D \2\ under the Securities Act of 1933.
---------------------------------------------------------------------------

    \1\ 17 CFR 230.504.
    \2\ 17 CFR 230.500 through 230.508.
---------------------------------------------------------------------------

List of Subjects in 17 CFR Part 230

    Reporting and recordkeeping requirements, Securities.

Text of the Amendments

    For the reasons set out above, title 17, chapter II of the Code of 
Federal Regulations is amended as follows:

PART 230--GENERAL RULES AND REGULATIONS, SECURITIES ACT OF 1933

0
1. The general authority citation for part 230 continues to read as 
follows:

    Authority: 15 U.S.C. 77b, 77b note, 77c, 77d, 77f, 77g, 77h, 
77j, 77r, 77s, 77z-3, 77sss, 78c, 78d, 78j, 78l, 78m, 78n, 78o, 78o-
7 note, 78t, 78w, 78ll(d), 78mm, 80a-8, 80a-24, 80a-28, 80a-29, 80a-
30, and 80a-37, and Pub. L. 112-106, sec. 201(a), sec. 401, 126 
Stat. 313 (2012), unless otherwise noted.
* * * * *

0
2. Amend Sec.  230.504 by revising paragraph (b)(2) to read as follows:

Sec.  230.504  Exemption for limited offerings and sales of securities 
not exceeding $5,000,000.

* * * * *
    (b) * * *
    (2) The aggregate offering price for an offering of securities 
under this Sec.  230.504, as defined in Sec.  230.501(c), shall not 
exceed $5,000,000, less the aggregate offering price for all securities 
sold within the twelve months before the start of and during the 
offering of securities under this Sec.  230.504 or in violation of 
section 5(a) of the Securities Act.
* * * * *

    Dated: February 22, 2017.
Brent J. Fields,
Secretary.
[FR Doc. 2017-03848 Filed 2-27-17; 8:45 am]
 BILLING CODE 8011-01-P