reglab/statecodes huggingface dataset:
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Broker-Dealers › Section 90.335 - Filing of balance sheet

Current through June 11, 2024
The balance sheet filed pursuant to NAC 90.330
				by an applicant for licensing as a broker-dealer:
1. Must be prepared in accordance with
				generally accepted accounting principles;
2. Must be accompanied by a report of audit
				containing the unqualified opinion of an independent certified public
				accountant;
3. In the case of an
				applicant who is not acting as a broker-dealer in another state, must be
				prepared as of a date not earlier than 60 days before the date of filing;
				and
4. In the case of an applicant
				who is acting as a broker-dealer in another state, must consist of:
(a) The most recent audited financial
				statement relating to the applicant; and
(b) An interim unaudited financial statement,
				prepared as of a date not earlier than 60 days before the date of
				filing.
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Broker-Dealers › Section 90.340 - Failure to comply with Rule 15c3-1: Disciplinary proceedings

Current through June 11, 2024
Disciplinary proceedings may be commenced pursuant to
				NRS
				90.420 against a broker-dealer who fails to
				comply with the provisions of Rule 15c3-1 of the Securities and Exchange
				Commission, relating to capital requirements.
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89
NRS
				90.420,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Broker-Dealers › Section 90.342 - Compliance with certain provisions of Conduct Rules

Current through June 11, 2024
For the purposes of subsection 5 of
				NRS
				90.390, each licensed broker-dealer shall
				comply with the provisions of Rules 4511 to 4515, inclusive, and 7440 of the
Financial Industry Regulatory Authority
Rules, as adopted by
				reference in NAC
				90.321, whether or not he or she
				is a member of the Financial Industry Regulatory Authority.
Added to NAC by Sec'y of State by
				R016-02, eff. 8-6-2002; A by R033-08, 6-17-2008; A by
				R018-21A,
				eff. 6/2/2023
NRS 90.390,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Broker-Dealers › Section 90.345 - Expiration and renewal of license

Current through June 11, 2024
1. The license of a
				broker-dealer expires on December 31 of each year. A brokerdealer must renew
				his or her license annually by paying the fee required by
				NRS
				90.360 and, if the provisions of subsection 2
				are applicable to the broker-dealer, by filing the documents required by that
				subsection. Except as otherwise provided in subsection 3, the fee must be paid
				to and the documents must be filed with the Office of the Administrator on or
				before December 31.
2. A
				broker-dealer who is not registered with the Financial Industry Regulatory
				Authority, or who is not registered under the Securities Exchange Act of 1934,
				must file with the Office of the Administrator:
(a) A written request for renewal of his or
				her license; and
(b) A fidelity
				bond, in a form acceptable to the Administrator, or proof of membership in the
				Securities Investor Protection Corporation.
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Broker-Dealers › Section 90.350 - Withdrawal from licensing

Current through June 11, 2024
1. Except as
				otherwise provided in subsection 2, a broker-dealer who withdraws from
				licensing in this State shall file with the Office of the Administrator the
				Uniform Request for Broker-Dealer Withdrawal (Form BDW).
2. If a broker-dealer who withdraws from
				licensing is a member of the Financial Industry Regulatory Authority and is
				withdrawing from licensing in all states in which he or she is licensed, the
				broker-dealer shall file the request for withdrawal with the Central
				Registration Depository.
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89; R016-02, 8-6-2002; R033-08,
				6-17-2008
NRS
				90.750,
				90.847
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Sales Representatives › Section 90.355 - Applicant for licensing: Filing requirements; payment of fee; required examinations

Current through June 11, 2024
1. Except as
				otherwise provided in this section, an applicant for licensing as a sales
				representative must include in his or her application the Uniform Application
				for Securities Industry Registration or Transfer (Form U-4) with the
				applicant's original signature and:
(a) Proof
				of successful completion of the appropriate Financial Industry Regulatory
				Authority examination; or
(b) Proof
				of waiver of those examinations.
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Sales Representatives › Section 90.360 - Cessation of employment or contractual relationship with broker-dealer

Current through June 11, 2024
1. The license of a sales representative
				terminates upon the withdrawal, cancellation or termination of his or her
				employment or contractual relationship with a broker-dealer. Except as
				otherwise provided in subsection 2, the sales representative, broker-dealer or
				issuer shall file with the Office of the Administrator the Uniform Termination
				Notice for Securities Industry Registration (Form U-5).
2. In the case of the termination,
				cancellation or withdrawal of a sales representative who is a member of the
				Financial Industry Regulatory Authority, the notice referred to in subsection 1
				must be submitted by the broker-dealer to the Central Registration
				Depository.
3. A sales
				representative whose employment or contractual relationship with a
				broker-dealer ceases and who intends to continue to transact business in this
				State as a sales representative must file a new application for a license,
				together with the required fee. If the sales representative is applying for a
				license with a broker-dealer who is a member of the Financial Industry
				Regulatory Authority, the application and fee may be processed through the
				relicensing program of the Central Registration Depository.
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89; R016-02, 8-6-2002; R033-08,
				6-17-2008
NRS
				90.350,
				90.360,
				90.380,
				90.750,
				90.845,
				90.847
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Sales Representatives › Section 90.365 - Expiration and renewal of license

Current through June 11, 2024
1. The license of a
				sales representative expires on December 31 of each year. Except as otherwise
				provided in subsection 2, a sales representative must renew his or her license
				annually by paying to the Administrator the fee required by
				NRS 90.360 and
				filing with the Administrator a written request for renewal of his or her
				license. The fee must be paid and the request for renewal filed on or before
				December 31.
2. If the sales
				representative is licensed for a broker-dealer who is a member of the Financial
				Industry Regulatory Authority, no request for renewal is required and the fee
				required by
				NRS 90.360 must be
				paid to the Central Registration Depository on or before December 31.
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89; R016-02, 8-6-2002; R033-08,
				6-17-2008
NRS
				90.350,
				90.360,
				90.750,
				90.845
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Sales Representatives › Section 90.368 - Licensing as representative of investment adviser: Exemption from licensing requirements under certain circumstances

Current through June 11, 2024
1. A sales
				representative who is:
(a) Licensed pursuant
				to
				NRS
				90.310;
(b) Not employed in the offer or sale of
				investment advice unless as part of a wrap fee program; and
(c) Employed by:
(1) A broker-dealer licensed pursuant to
				NRS
				90.310 and
				90.330;
				or
(2) A broker-dealer licensed
				pursuant to
				NRS
				90.310 who offers investment advice provided
				by an investment adviser licensed pursuant to
				NRS
				90.330, is exempt from licensing under
				NRS
				90.330.
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Sales Representatives › Section 90.369 - Licensing requirements inapplicable under certain circumstances

Current through June 11, 2024
The
				provisions of NRS
				90.310 do not apply to a sales representative
				acting for an issuer effecting offers to sell or sales of securities if:
1. The securities are set forth in
				subparagraph (3) of paragraph (b) of section 18 of the Securities Act of 1933,
				or subsubparagraph (D) of subparagraph (4) of paragraph (b) of section 18 of
				the Securities Act of 1933, and the sales representative is not paid a
				commission or other compensation, directly or indirectly, for soliciting any
				person in this State; or
2. The
				transactions in this State are limited to only those transactions set forth in
				subparagraph (3) of paragraph (i) of section 15 of the Securities Exchange Act
				of 1934.
Added to NAC by Sec'y of State,
				eff. 10-30-97; A by
				R018-21A,
				eff. 6/2/2023
NRS 90.320,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Assistant Sales Representatives › Section 90.371 - Licensing requirements; expiration and renewal of license

Current through June 11, 2024
1. A person desiring to transact business as
				an assistant sales representative must apply to the Administrator for
				licensure.
2. An applicant for
				licensure as an assistant sales representative must include in his or her
				application the Uniform Application for Securities Industry Registration or
				Transfer (Form U-4) with the applicant's original signature and:
(a) Proof of successful completion of the
				Financial Industry Regulatory Authority Qualification Examination for Assistant
				Representative-Order Processing (Series 11); or
(b) Proof of waiver of that
				examination.
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Assistant Sales Representatives › Section 90.373 - Restrictions on activities and compensation

Current through June 11, 2024
1. An assistant
				sales representative shall not:
(a) Solicit a
				transaction or a new account on behalf of a broker-dealer;
(b) Render investment advice;
(c) Make recommendations to customers
				regarding the appropriateness of a securities transaction;
(d) Effect transactions in a securities
				market on behalf of a broker-dealer; or
(e) Act as an assistant sales representative
				for more than one broker-dealer at any one time.
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Transfer Agents › Section 90.374 - Applicant for licensing: Filing requirements

Current through June 11, 2024
1. An
				applicant for licensing as a transfer agent must file an application with the
				Administrator. The application must include:
(a) A copy of the most recent Uniform Form
				for Registration as a Transfer Agent filed by the applicant (SEC Form
				TA-1);
(b) The Uniform Consent to
				Service of Process (Form U-2);
(c)
				A balance sheet prepared in the manner prescribed in NAC 90.335 for an
				applicant for licensing as a broker-dealer; and
(d) A certificate that the applicant has
				qualified to do business in this State, if qualification is required by
				NRS
				80.010.
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Transfer Agents › Section 90.3743 - Expiration and renewal of license

Current through June 11, 2024
The license of a transfer agent expires on
				December 31 of each year. A transfer agent must renew his or her license
				annually.
Added to NAC by Sec'y of State by
				R033-08, eff. 6-17-2008
NRS
				90.380,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Transfer Agents › Section 90.3745 - Compliance with certain provisions of Conduct Rules

Current through June 11, 2024
Each licensed transfer agent
				shall comply with the provisions of Rules 4511 to 4515, inclusive, and 7440 of
				the
Financial Industry Regulatory Authority
Rules, as adopted
				by reference in NAC
				90.321, whether or not the
				transfer agent is a member of the Financial Industry Regulatory
				Authority.
Added to NAC by Sec'y of State by
				R033-08, eff. 6-17-2008; A by
				R018-21A,
				eff. 6/2/2023
NRS 90.750
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Transfer Agents › Section 90.3747 - Withdrawal from licensing

Current through June 11, 2024
A transfer agent who withdraws from licensing
				in this State shall file with the Administrator a Notice of Withdrawal From
				Registration as Transfer Agent (SEC Form TA-W).
Added to NAC by Sec'y of State by
				R033-08, eff. 6-17-2008
NRS
				90.750
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Investment Advisers › Section 90.375 - Applicant for initial license: Filing requirements; payment of fee

Current through June 11, 2024
1. An applicant for an initial license as an
				investment adviser must file an application with the Administrator in the
				manner set forth in NAC 90.3293. The application must include:
(a) The Uniform Application for Investment
				Adviser Registration (Form ADV), completed in accordance with the instructions
				accompanying that application;
(b)
				Proof:
(1) Of successful completion by the
				applicant, if he or she is a natural person, or by an owner, officer or
				director of the applicant if the applicant is not a natural person, of:
(I) The Uniform Investment Adviser Law
				Examination (Series 65); or
(II)
				The Uniform Combined State Law Examination (Series 66) and the General
				Securities Registered Representative Examination (Series 7); or
(2) That the applicant, if he or
				she is a natural person, or an owner, officer or director of the applicant if
				the applicant is not a natural person, holds a professional designation listed
				in subsection 3 of NAC 90.391;
(c) The Uniform Application for Securities
				Industry Registration or Transfer (Form U-4) which is signed by the person
				submitting proof of the requirements set forth in paragraph (b); and
(d) Such other information as the
				Administrator may reasonably require.
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Investment Advisers › Section 90.380 - Expiration and renewal of license; filing of amendments and updates to Form ADV

Current through June 11, 2024
1. The license of
				an investment adviser expires on December 31 of each year. An investment
				adviser must renew his or her license annually, on or before December 31, by
				paying the fee required by
				NRS 90.360 to the
				Administrator in the manner set forth in NAC 90.3293.
2. An investment adviser shall file with the
				Administrator in the manner set forth in NAC 90.3293 any amendments to the most
				recent Form ADV filed by the investment adviser that are required by the
				instructions set forth in the Uniform Application for Investment Adviser
				Registration (Form ADV) within 30 days after the event that requires the filing
				of the amendment.
3. Within 90 days
				after the end of the fiscal year, an investment adviser must file an updated
				Form ADV with the Administrator in the manner set forth in NAC
				90.3293.
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89; R016-02, 8-6-2002
NRS
				90.350,
				90.360,
				90.750,
				90.845,
				90.847
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Investment Advisers › Section 90.385 - Withdrawal from licensing

Current through June 11, 2024
An investment adviser who withdraws from
				licensing shall file with the Administrator, in the manner set forth in NAC
				90.3293, the Uniform Notice of Withdrawal From Registration as an Investment
				Adviser (Form ADV-W).
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89; R016-02, 8-6-2002
NRS
				90.750,
				90.847
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Investment Advisers › Section 90.3864 - Adoption by reference of certain policies and rules governing practice (Repealed)

Current through June 11, 2024
Added to NAC by Sec'y of State,
				eff. 10-16-89; A 9-15-94; R016-02, 8-6-2002-Substituted in revision for NAC
				90.352; R by
				R018-21A,
				eff. 6/2/2023
NRS 90.750
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Investment Advisers › Section 90.3866 - Materials adopted by reference: Availability (Repealed)

Current through June 11, 2024
Added to NAC by Sec'y of State,
				eff. 10-16-89; A 11-19-92; 9-15-94; R016-02, 8-6-2002-Substituted in revision
				for NAC 90.353; R by
				R018-21A,
				eff. 6/2/2023
NRS 90.750
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Investment Advisers › Section 90.3868 - Materials adopted by reference: Review of changes (Repealed)

Current through June 11, 2024
Added to NAC by Sec'y of State,
				eff. 9-15-94; A by R016-02, 8-6-2002-Substituted in revision for NAC 90.354; R
				by
				R018-21A,
				eff. 6/2/2023
NRS 90.750
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Investment Advisers › Section 90.387 - Recordkeeping requirements; disclosures to clients (Repealed)

Current through June 11, 2024
Added to NAC by Sec'y of State,
				eff. 10-30-97; A by R016-02, 8-6-2002; R by
				R018-21A,
				eff. 6/2/2023
NRS 90.750
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Investment Advisers › Section 90.390 - Minimum net capital or tangible net worth; submission of certificate of accountant (Repealed)

Current through June 11, 2024
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89; 10-30-97; R016-02, 8-6-2002; R by
				R018-21A,
				eff. 6/2/2023
NRS 90.750
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Representatives of Investment Advisers › Section 90.391 - Applicant for initial license: Filing requirements; payment of fee

Current through June 11, 2024
1. An applicant for an initial license as a
				representative of an investment adviser must file an application with the
				Administrator in the manner set forth in NAC 90.3293.
2. Except as otherwise provided in
				subsections 3 and 5, the application must include:
(a) The Uniform Application for Securities
				Industry Registration or Transfer (Form U-4); and
(b) Proof of successful completion by the
				applicant of:
(1) The Uniform Investment
				Adviser Law Examination (Series 65); or
(2) The Uniform Combined State Law
				Examination (Series 66) and the General Securities Representative Examination
				(Series 7).
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Representatives of Investment Advisers › Section 90.3911 - Expiration and renewal of license; required updating of certain information

Current through June 11, 2024
1. The license of a representative of an
				investment adviser expires on December 31 of each year. A representative of an
				investment adviser must renew his or her license annually, on or before
				December 31, by paying the applicable fee required pursuant to
				NRS 90.360 to the
				Administrator in the manner set forth in NAC 90.3293.
2. A representative of an investment adviser
				and the investment adviser with whom the representative is employed or retained
				as an independent contractor shall update the information required by the
				Uniform Application for Securities Industry Registration or Transfer (Form U-4)
				filed with the Administrator pursuant to NAC 90.391 within 30 days after the
				change in that information occurs.
Added to NAC by Sec'y of State by
				R016-02, eff. 8-6-2002
NRS
				90.350,
				90.360,
				90.750,
				90.845,
				90.847
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Representatives of Investment Advisers › Section 90.3912 - Licensing requirements inapplicable under certain circumstances

Current through June 11, 2024
The
				licensing requirements of
				NRS
				90.330 do not apply to a representative of an
				investment adviser who is a federal covered adviser if the representative does
				not have a place of business in this State.
Added to NAC by Sec'y of State,
				eff. 10-30-97
NRS
				90.340,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Representatives of Investment Advisers › Section 90.3915 - Cessation of employment or contractual relationship with investment adviser

Current through June 11, 2024
1. The license of a representative of an
				investment adviser terminates upon the withdrawal, cancellation or termination
				of his or her employment or contractual relationship with an investment
				adviser. The investment adviser shall file the Uniform Termination Notice for
				Securities Industry Registration (Form U-5) with the Administrator, in the
				manner set forth in NAC 90.3293, upon the withdrawal, cancellation or
				termination of his or her employment of or contractual relationship with a
				representative of an investment adviser.
2. A representative of an investment adviser
				whose employment or contractual relationship with an investment adviser ceases
				and who intends to transact business in this State as a representative of an
				investment adviser with another investment adviser must file a new application
				for a license, together with the required fee.
Added to NAC by Sec'y of State,
				eff. 11-19-92; A 5-23-96; R016-02, 8-6-2002
NRS
				90.350,
				90.360,
				90.750,
				90.847
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Branch Offices › Section 90.392 - Licensing requirements; changes in certain information; expiration and renewal of license

Current through June 11, 2024
1. A broker-dealer
				who maintains a branch office must obtain a license from the Division before
				doing business at that office.
2. A
				broker-dealer who desires to obtain the license required by this section must:
(a) File a Uniform Branch Office Registration
				Form (Form BR) with the Central Registration Depository;
(b) Be licensed in this State as a
				broker-dealer and, if qualification is required by
				NRS
				80.010, be qualified to do business in this
				State; and
(c) Pay the appropriate
				fee set forth in NRS
				90.360.
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Branch Offices › Section 90.3925 - Designation as office of supervisory jurisdiction; designation of manager

Current through June 11, 2024
1. A person who files a Uniform Branch Office
				Registration Form (Form BR) pursuant to NAC
				90.392 must designate the branch
				office as an office of supervisory jurisdiction if required to do so by the
				requirements of the Financial Industry Regulatory Authority, regardless of
				whether he or she is a member of that Authority.
2. Every registered broker-dealer must employ
				at its principal office and at each branch office in this State at least one
				person designated to act in a supervisory capacity and licensed with the
				Division as a principal.
3. If a
				branch office is not designated as an office of supervisory jurisdiction, a
				supervisor need not be located at any office for which he or she is given
				supervisory responsibility.
Added to NAC by Sec'y of State,
				eff. 10-16-89; A by R033-08, 6-17-2008; A by
				R018-21A,
				eff. 6/2/2023
NRS 90.360,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Branch Offices › Section 90.393 - Licensing of person in charge; roster of affiliated sales representatives

Current through June 11, 2024
1. The individual in charge of a branch
				office must be licensed in this State as a sales representative or
				broker-dealer.
2. A broker-dealer
				who maintains a branch office shall keep a current roster of the sales
				representatives affiliated with that office.
Added to NAC by Sec'y of State,
				eff. 10-16-89
NRS
				90.360,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Branch Offices › Section 90.3935 - Restrictions on name and location of operation

Current through June 11, 2024
A branch office must not be
				operated:
1. Under any name other
				than:
(a) The name of the broker-dealer;
				or
(b) A fictitious name registered
				by the broker-dealer as required by chapter 602 of NRS.
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Branch Offices › Section 90.394 - Grounds for denial, suspension or revocation of license

Current through June 11, 2024
The Administrator may
				deny, suspend or revoke any license issued for the operation of a branch office
				on any ground applicable to the denial, suspension or revocation of the license
				of a broker-dealer.
Added to NAC by Sec'y of State,
				eff. 10-16-89
NRS
				90.360,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › SECURITIES AGENTS › Branch Offices › Section 90.3945 - Notification of Division before closing office or terminating business

Current through June 11, 2024
A
				broker-dealer shall notify the Division before closing a branch office or
				terminating business at that location. Notice must be given by the filing of a
				Uniform Branch Office Registration Form (Form BR) with the Central Registration
				Depository.
Added to NAC by Sec'y of State,
				eff. 10-16-89; A by
				R018-21A,
				eff. 6/2/2023
NRS 90.360,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › General Provisions › Section 90.395 - Definitions

Current through June 11, 2024
As used
				in NAC 90.395 to 90.538, inclusive, unless the context otherwise
				requires:
1. "Commission" means any
				consideration paid for services rendered, whether received by or accruing to
				the benefit of a person in connection with the distribution of securities or
				otherwise. The term includes cash, selling discounts, fees, securities,
				contracts and any other thing of value.
2. "Dilution" means the difference between:
(a) The net tangible asset value of the
				issuer allocable to the equity securities being offered, calculated by dividing
				the net tangible asset value of the issuer by the number of equity securities
				outstanding, including the securities being offered; and
(b) The aggregate offering price for the
				securities being offered.
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › General Provisions › Section 90.398 - Electronic filing; electronic payment of fees

Current through June 11, 2024
1. Any
				document which must be filed pursuant to
				NRS 90.470
				to
				90.500,
				inclusive, or 90.520 may be filed with the Securities Registration Depository
				or any other system for the electronic registration of securities which is
				approved by the Administrator by order.
2. If a document is filed pursuant to
				subsection 1, any fee required by
				NRS
				90.500 or
				90.520
				may be paid by the electronic transfer of money to the system for the
				electronic registration of securities with which the document was
				filed.
3. As used in this section,
				"Securities Registration Depository" means the system for the electronic
				registration of securities that is owned and operated by SRD, Inc., or its
				successor.
(Added to NAC by Sec'y of State,
				eff. 5-23-96; A by R016-02, 8-6-2002)-(Substituted in revision for NAC 90.422
				)
NRS
				90.750,
				90.845,
				90.847
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › General Provisions › Section 90.400 - Filing of Year-End Securities Sales Report

Current through June 11, 2024
If an open-end management company,
				face amount certificate company or unit investment trust is required to file a
				report pursuant to paragraph (b) of subsection 3 of
				NRS
				90.500, it shall satisfy that requirement by
				filing with the Administrator a Year-End Securities Sales Report (Nevada Form
				500-3).
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89
NRS
				90.500,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › General Provisions › Section 90.402 - Prospectus: Index

Current through June 11, 2024
Any prospectus, amendment or supplement to a
				prospectus required by chapter 90 of NRS must have an index clearly identifying
				each topical heading in the order that it appears in the prospectus.
Added to NAC by Sec'y of State,
				eff. 10-16-89
NRS
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › General Provisions › Section 90.403 - Prospectus: Use and availability of Small Company Offering Registration Form

Current through June 11, 2024
1. The Small Company Offering Registration
				Form (Form U-7), as adopted by the North American Securities Administrators
				Association, may be used as a prospectus for the purposes of any requirement
				for a prospectus contained in this chapter or chapter 90 of NRS if the minimum
				offering price per share is equal to or more than $1 per share. An offering
				submitted in connection with Rule 504 of Regulation D of the Securities and
				Exchange Commission must be submitted on Form U-7.
2. Each Form U-7 so submitted must be
				completed in conformance with the uniform instructions accompanying the
				form.
3. An issuer who uses Form
				U-7 in connection with an offering pursuant to Rule 504 of Regulation D of the
				Securities and Exchange Commission may elect in writing to participate in the
				Western Regional Review, as administered by the North American Securities
				Administrators Association.
4. Form
				U-7 may be obtained from the North American Securities Administrators
				Association or the Office of the Administrator in the manner described in NAC
				90.315.
Added to NAC by Sec'y of State,
				eff. 10-16-89; A 11-19-92; 10-30-97; R016-02,
				8-6-2002
NRS
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › General Provisions › Section 90.405 - Application of statements of policy to offerings; offerings made with unreasonable amounts of underwriters' and sellers' compensation; aggregate amount of compensation

Current through June 11, 2024
1. For the purposes
				of
				NRS
				90.510:
(a)
				Except as otherwise provided in paragraph (b), statements of policy adopted by
				the North American Securities Administrators Association may be used by the
				Administrator to determine whether an offering:
(1) Is complete with respect to the
				disclosure provided;
(2) Works or
				will tend to work a fraud upon purchasers; or
(3) Is or will be made with unreasonable
				amounts of promoters' profits or participation, or unreasonable amounts or
				kinds of options.
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › General Provisions › Section 90.408 - Registration statements: Use of financial statements and financial information prepared in accordance with generally accepted accounting principles of Canada

Current through June 11, 2024
1. Financial
				statements and financial information which have been prepared in accordance
				with generally accepted accounting principles of Canada, consistently applied,
				may be included in a registration statement which is filed with the
				Administrator pursuant to
				NRS 90.470
				or
				90.480
				if the registration statement has been designated as Form F-7, F-8, F-9 or F-10
				by the Securities and Exchange Commission and:
(a) The securities which are the subject of a
				registration statement designated as Form F-7 by the Securities and Exchange
				Commission are offered for cash upon the exercise of rights granted to existing
				security holders.
(b) The
				securities which are the subject of a registration statement designated as Form
				F-8 by the Securities and Exchange Commission are securities to be issued in an
				exchange offer, merger or other business combination.
(c) The securities which are the subject of
				the registration statement designated as Form F-9 by the Securities and
				Exchange Commission are either nonconvertible preferred stock or nonconvertible
				debt which will be rated in one of the four highest rating categories by one or
				more nationally recognized statistical rating organizations.
(d) The securities which are the subject of a
				registration statement designated as Form F-10 by the Securities and Exchange
				Commission are offered and sold pursuant to a prospectus in which the
				Securities and Exchange Commission has not required a reconciliation to
				generally accepted accounting principles of the United States with respect to
				the financial information presented therein.
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › General Provisions › Section 90.410 - Registration statements deemed abandoned: Circumstances and effect

Current through June 11, 2024
A
				registration statement shall be deemed abandoned if the registration statement
				does not become effective within 1 year after the date on which the
				registration statement is filed with the Administrator. A registration
				statement that has been deemed abandoned pursuant to this section must not be
				reinstated. An applicant who wishes to register securities under a registration
				statement that has been deemed abandoned pursuant to this section must file a
				new registration statement that includes the filing fee required by
				NRS
				90.500 and the documents required to be filed
				pursuant to:
1.NRS 90.470
				and NAC 90.420;
2.NRS
				90.480 and NAC 90.440; or
3.NRS
				90.490 and NAC 90.460, as
				applicable.
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89; R016-02, 8-6-2002
NRS
				90.500,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › General Provisions › Section 90.412 - Withdrawal of registration statement

Current through June 11, 2024
Any withdrawal of a registration statement must
				be submitted on a Notice of Withdrawal of Registration (Nevada Form 500-12). No
				refund of filing fees will be made if a registration statement is
				withdrawn.
Added to NAC by Sec'y of State,
				eff. 10-16-89
NRS
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › General Provisions › Section 90.413 - Application to extend effectiveness of registration statement

Current through June 11, 2024
1.
				Except as otherwise provided in this section, any application to extend the
				effectiveness of a registration statement previously approved by the
				Administrator will be processed as a new application for registration and must
				be accompanied by the filing fee and documentation required by
				NRS
				90.470 to
				90.500, inclusive, and NAC
				90.420,
				90.440 and
				90.460.
2. If the application is made before the
				expiration of effectiveness of the registration statement on file with the
				Division and no material change has occurred in the prospectus or other
				documentation on file, the issuer need only submit:
(a) The filing fee required by
				NRS
				90.500;
(b) A Uniform Application to Register
				Securities (Form U-1);
(c) An
				audited financial statement of the issuer for the last fiscal year;
				and
(d) An affidavit, signed by an
				executive officer of the issuer or underwriter, stating that no changes have
				occurred in the other documentation on file with the Administrator. The
				affidavit must contain a clear reference to the file number of the Division and
				specific documents represented to be current and accurate from the previous
				filing.
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › General Provisions › Section 90.415 - Waiver of provisions

Current through June 11, 2024
The Administrator may waive the application of
				any provision of NAC 90.395 to 90.538, inclusive, if a written request for the
				waiver is filed with the Administrator in accordance with
				NRS
				90.715 and NAC 90.318 by the registrant
				affected and the Administrator determines that waiver is appropriate under the
				circumstances and is in the public interest.
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89; 11-19-92; R047-04,
				5-25-2004
NRS
				90.715,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › Registration by Filing › Section 90.420 - Documents required to accompany filing

Current through June 11, 2024
A registration statement filed pursuant to
				NRS 90.470
				must be accompanied by:
1. The Uniform
				Application to Register Securities (Form U-1);
2. The Uniform Consent to Service of Process
				(Form U-2);
3. The Uniform
				Corporate Resolution (Form U-2A);
4. A copy of the final offering prospectus
				or, pending preparation of the final prospectus, a copy of the preliminary
				prospectus; and
5. Any other
				document or information requested by the Administrator in writing before the
				effective date of the offering.
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89; R016-02, 8-6-2002
NRS
				90.470,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › Registration by Filing › Section 90.425 - Accelerated effectiveness

Current through June 11, 2024
The effectiveness of a registration statement
				filed pursuant to
				NRS 90.470
				may be accelerated by the Administrator upon the filing of a written request
				for acceleration. The request must be filed by the registrant and must set
				forth, in clear and concise terms, the basis for the request.
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89
NRS
				90.470,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › Registration by Filing › Section 90.430 - Posteffective amendment

Current through June 11, 2024
A posteffective amendment of a registration
				statement filed pursuant to
				NRS 90.470
				must be filed with the Administrator not later than 5 business days after the
				date it is filed with the Securities and Exchange Commission.
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89
NRS
				90.470,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › Registration by Filing › Section 90.435 - Timely filing of reports

Current through June 11, 2024
For the purposes of paragraph (e) of subsection
				1 of
				NRS
				90.470, all reports required to be filed
				during the 12 calendar months next preceding the filing of the federal
				registration statement shall be deemed to have been timely filed if they
				have:
1. Been filed within the time,
				including any permitted extensions of time, allowed by the Securities and
				Exchange Commission pursuant to its regulations; or
2. Been on file with the Securities and
				Exchange Commission for not less than 60 days.
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89
NRS
				90.470,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › Registration by Coordination › Section 90.440 - Documents required to accompany filing

Current through June 11, 2024
A registration statement filed pursuant to
				NRS
				90.480 must be accompanied by:
1. The Uniform Application to Register
				Securities (Form U-1);
2. The
				Uniform Consent to Service of Process (Form U-2);
3. The Uniform Corporate Resolution (Form
				U-2A);
4. A copy of the final
				offering prospectus or, pending preparation of the final prospectus, a copy of
				the preliminary prospectus; and
5.
				Any other document or information requested by the Administrator in writing
				before the effective date of the offering.
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89; R016-02, 8-6-2002
NRS
				90.480,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › Registration by Coordination › Section 90.445 - Accelerated effectiveness

Current through June 11, 2024
The effectiveness of a registration statement
				filed pursuant to
				NRS
				90.480 may be accelerated by the
				Administrator upon the filing of a written request for acceleration. The
				request must be filed by the registrant and must set forth, in clear and
				concise terms, the basis for the request.
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89
NRS
				90.480,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › Registration by Coordination › Section 90.450 - Posteffective amendment

Current through June 11, 2024
A posteffective amendment of a registration
				statement filed pursuant to
				NRS
				90.480 must be filed with the Administrator
				not later than 5 business days after the date it is filed with the Securities
				and Exchange Commission.
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89
NRS
				90.480,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › Registration by Coordination › Section 90.453 - Effective date of registration statement filed with Securities and Exchange Commission

Current through June 11, 2024
Notwithstanding the provisions of paragraph (b)
				of subsection 3 of
				NRS
				90.480, if a registration statement is filed
				on Form F-7, F-8, F-9 or F-10 with the Securities and Exchange Commission, it
				may become effective, subject to any other applicable requirements, after it
				has been on file with the Administrator for at least 7 days. If the
				registration statement is not filed with the Administrator within 5 days after
				the initial filing under the Securities Act of 1933, the registration statement
				must have been on file with the Administrator for 30 days or any shorter period
				authorized by the Administrator.
Added to NAC by Sec'y of State,
				eff. 11-19-92
NRS
				90.480,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › Registration by Coordination › Section 90.455 - Written notice of date federal registration statement became effective

Current through June 11, 2024
The
				notice to the Administrator required by subsection 4 of
				NRS
				90.480 must be given by the registrant in
				writing. The Administrator will promptly acknowledge receipt of the
				notice.
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89
NRS
				90.480,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › Registration by Qualification › Section 90.460 - Documents required to accompany filing

Current through June 11, 2024
A registration statement filed pursuant to
				NRS
				90.490 must be accompanied by:
1. The Uniform Application to Register
				Securities (Form U-1), including the exhibits required by that
				application;
2. The Uniform Consent
				to Service of Process (Form U-2);
3. The Uniform Corporate Resolution (Form
				U-2A);
4. A copy of the final
				offering prospectus or, pending preparation of the final prospectus, a copy of
				the preliminary prospectus;
5. A
				copy of the articles of incorporation and bylaws or their substantial
				equivalents, as applicable, which are currently in effect;
6. A copy of any agreement with or among the
				underwriters;
7. A copy of any
				indenture or other instrument governing the issuance of the security to be
				registered;
8. A copy, specimen or
				description of the security;
9. A
				signed or conformed copy of an opinion of counsel as to the legality of the
				security being registered, with an English translation if it is in a foreign
				language, which states whether the security when sold will be legally issued,
				fully paid and nonassessable and, if a debt security, a binding obligation of
				the issuer; and
10. Any other
				document or information requested by the Administrator in writing before the
				effective date of the offering.
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89; 11-19-92; R016-02,
				8-6-2002
NRS
				90.490,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › Registration by Qualification › Section 90.465 - Amendment to prospectus, pamphlet or similar document

Current through June 11, 2024
Within 30 days after the
				effective date of a registration statement filed pursuant to
				NRS
				90.490, the registrant shall file with the
				Administrator a copy of any amendment to any prospectus, pamphlet or other
				document filed pursuant to paragraph (m) of subsection 2 of
				NRS
				90.490.
Added to NAC by Sec'y of State,
				eff. 4-22-88; A 10-16-89
NRS
				90.490,
				90.750
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › Registration by Qualification › Section 90.470 - Preparation and auditing of financial statements

Current through June 11, 2024
1.
				Except as otherwise provided in subsection 2 of this section or in the Uniform
				Limited Offering Circular (Form U-7) adopted by the North American Securities
				Administrators Association, a financial statement filed pursuant to paragraph
				(q) of subsection 2 of
				NRS
				90.490 must be:
(a) Prepared in accordance with generally
				accepted accounting principles;
(b)
				Audited in accordance with generally accepted auditing standards; and
(c) Except as otherwise approved by the
				Administrator under the circumstances of the case, contain the unqualified
				opinion of an independent certified public accountant.
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › Development Stage Companies › Section 90.475 - Applicability

Current through June 11, 2024
1. The provisions of NAC 90.475 to 90.490,
				inclusive, are applicable to the registration pursuant to
				NRS
				90.480 or
				90.490
				of any security issued by a development stage company. As used in this
				subsection, "development stage company" means an issuer which has no public
				market for its securities and no significant earnings or revenues from
				continuing operations during the last 5 years or any shorter period of its
				existence.
2. For the purposes of
				subsection 1:
(a) "Public market" does not
				include any thin market which does not result in reliable prices. In
				determining whether a market is a public market, the Administrator may
				consider:
(1) The history of the
				market;
(2) The public trading
				volume in the market;
(3) Any
				spread between bid and asked prices in the market;
(4) The number of market makers in the
				market;
(5) Public float in the
				market;
(6) The pricing formula
				used in the market;
(7) Inclusion
				of the market in the Nasdaq; and
(8) Any other relevant factor.
Nevada Administrative Code › Chapter 90 - Securities › REGISTRATION OF SECURITIES › Development Stage Companies › Section 90.480 - Contents of registration statement or offering document; penalty for failure to comply

Current through June 11, 2024
1. The registration
				statement, in the case of a security registered pursuant to
				NRS
				90.480, or the offering document required by
				subsection 11 of
				NRS
				90.500 in the case of a security registered
				pursuant to
				NRS
				90.490, must set forth with reasonable
				specificity:
(a) The intended use of the
				proceeds of the offering;
(b) The
				type of business in which the issuer is or will be engaged;
(c) The product or service offered or to be
				offered by the issuer; and
(d) The
				name of each principal manager of the business of the issuer.