reglab/statecodes huggingface dataset:
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 116 - INVESTMENT ADVISERS AND INVESTMENT ADVISER REPRESENTATIVES › Section 116.21 - System Addressing Suspected Financial Exploitation of Vulnerable Customers Pursuant to the Texas Securities Act, Section 45

Current through Reg. 49, No. 28; July 12, 2024
(a) System. Each investment adviser shall
				establish, maintain, and enforce a written system of policies, programs, plans,
				or procedures to address suspected financial exploitation of vulnerable adults.
				The system must be reasonably designed to achieve compliance with the Texas
				Securities Act, Section 45.
(b)
				Reporting. The report of suspected financial exploitation (complaint) required
				by the Texas Securities Act, Section 45.C, must be made in writing to the
				Securities Commissioner. The complaint may be in the form of a letter or
				memorandum and submitted electronically, by facsimile, or any other method
				designed to assure its prompt receipt. A template for submitting the required
				information is available on the website of the Texas State Securities Board.
				The complaint shall include:
(1) the name,
				age, and address of the vulnerable adult;
(2) the name and address of any person
				responsible for the care of the vulnerable adult;
(3) the nature and extent of the condition of
				the vulnerable adult;
(4) the
				basis of the investment adviser's knowledge; and
(5) any other relevant information.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 116 - INVESTMENT ADVISERS AND INVESTMENT ADVISER REPRESENTATIVES › Section 116.22 - Electronic Submission of Forms and Fees

Current through Reg. 49, No. 28; July 12, 2024
(a) This section does not apply to forms or
				fees required by §116.2 of this chapter (relating to Application
				Requirements), to be submitted electronically through the IARD System or the
				CRD System.
(b) Documents and fees
				submitted by applicants for investment adviser and investment adviser
				representative registration or notice filing may, at the option of the filer,
				be submitted electronically to the Securities Commissioner.
(c) Filings made and fees paid by investment
				advisers or investment adviser representatives may be submitted electronically,
				as the Agency's system is developed to accept them.
(d) All electronic submissions of forms or
				fees must be made in accordance with the submission procedures set out on the
				Agency's website (
www.ssb.texas.gov
).
				Please check the Agency's website for a complete list of forms and fees that
				are currently being accepted electronically.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 116 - INVESTMENT ADVISERS AND INVESTMENT ADVISER REPRESENTATIVES › Section 116.23 - Notice of Cybersecurity Incident

Current through Reg. 49, No. 28; July 12, 2024
(a) Definitions. The following words and
				terms, when used in this section, shall have the following meanings, unless the
				context clearly indicates otherwise.
(1)
				Cybersecurity incident--
(A) the unauthorized
				acquisition of computerized or electronic data that compromises the security,
				confidentiality, or integrity of sensitive personal information being
				maintained;
(B) an occurrence that
				otherwise jeopardizes the security of the information system or the information
				the system processes, stores or transmits; or
(C) violates the security policies, security
				procedures or acceptable use policies of the information system owner to the
				extent such occurrence results from unauthorized or malicious
				activity.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 123 - ADMINISTRATIVE GUIDELINES FOR REGISTRATION OF OPEN-END INVESTMENT COMPANIES › Section 123.3 - Conditional Exemption for Money Market Funds

Current through Reg. 49, No. 28; July 12, 2024
(a) Introduction.
(1) Certain open-end investment companies
				commonly known as money market funds have investment characteristics and sales
				patterns materially different from other types of mutual funds and other
				securities. These funds, defined in subsection (b) of this section, are
				designed to attract a large volume of comparatively short-term investments by
				purchasers. As early redemptions are contemplated by both purchaser and seller,
				and because these funds continuously offer to repurchase their own securities
				and issue new securities to new and repeat investors, an excessive amount of
				fees may be paid under the Texas Securities Act, §4006.055, for the
				securities issued. Therefore, pursuant to the Act, §4005.024, the State
				Securities Board conditionally exempts from the fee provisions of the Texas
				Securities Act certain investment company securities defined herein provided
				all the requirements of this section are satisfied.
(2) Nothing in this section shall be
				construed to relieve any open-end investment company from any condition or
				requirement of registration under the Texas Securities Act except as
				specifically stated herein or in Chapter 114 of this title (relating to Federal
				Covered Securities).
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 125 - MINIMUM DISCLOSURES IN CHURCH AND NONPROFIT INSTITUTION BOND ISSUES › Section 125.1 - Introduction

Current through Reg. 49, No. 28; July 12, 2024
In order to be fair, just, and equitable to, and not tend to
				  work a fraud upon, purchasers of securities, those offering for sale or selling
				  securities issued by churches and similar nonprofit institutions should comply
				  with the following guidelines for minimum information to be communicated to
				  each prospective investor.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 125 - MINIMUM DISCLOSURES IN CHURCH AND NONPROFIT INSTITUTION BOND ISSUES › Section 125.3 - The Issuer

Current through Reg. 49, No. 28; July 12, 2024
Background information on the issuer must be given, including
				  the following.
(1) The name, address,
				state in which organized, date organized, the type of legal entity, and
				purposes of the issuer.
(2) A brief
				history of the issuer, and its denominational affiliation, if any.
(3) A description of the general area and
				location of the issuer.
(4)
				Accreditation and regulation of the issuer, if any.
(5) A brief summary of the backgrounds of the
				key employees and those individuals responsible for the management and control
				of the issuer. In the case of religious organizations, a brief summary of the
				background of the minister or ministers and name and occupation of other
				responsible church officials must be included.
(6) A description of any current or past
				transactions, or of any proposed transactions, between the issuer and such
				persons mentioned in paragraph (5) of this section, or any affiliate of such
				persons.
(7) A statement of all
				direct and indirect remuneration paid by the issuer or received by members of
				the issuer in connection with the offering.
(8) A statement of any affiliation between
				the issuer and the broker/dealer, or any officers of either, with any building
				contractor or supplier who has an interest in or may receive any of the
				proceeds of the issue.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 125 - MINIMUM DISCLOSURES IN CHURCH AND NONPROFIT INSTITUTION BOND ISSUES › Section 125.4 - Description of Terms of Security Offered

Current through Reg. 49, No. 28; July 12, 2024
(a) There must be a description of the
				indenture under which the securities are to be issued. This description should
				include information as to:
(1) interest and
				interest payment dates;
(2)
				default;
(3) redemption and
				prepayment;
(4)
				subordination;
(5) sinking
				fund;
(6) subsequent
				issues;
(7) modification of the
				indenture;
(8) paying agents and
				trustees including a brief statement concerning the duties of
				trustees;
(9) insurance coverage on
				properties of issuer; and
(10) any
				other material facts regarding the rights of bond holders.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 125 - MINIMUM DISCLOSURES IN CHURCH AND NONPROFIT INSTITUTION BOND ISSUES › Section 125.5 - Plan of Distribution

Current through Reg. 49, No. 28; July 12, 2024
(a)
				There must be a statement as to whom the offering is being made.
(b) The names and addresses of those who are
				compensated to engage in the sale of securities or act as fundraising adviser
				must be given.
(c) A brief
				description of the distribution must be given.
(d) A brief description must be included of
				any underwriting agreement between any known broker-dealer and the issuer,
				including whether such agreements are "best efforts" or "firm" commitment, and
				whether "exclusive" or "nonexclusive."
(e) A clear statement of the responsibilities
				of the broker-dealer, issuer, and the membership of the issuer under the terms
				of any underwriting agreement must be made.
(f) All past, present, and anticipated future
				dealings with broker-dealers must be disclosed. In the case of church bond
				issues, all past, present, and anticipated future dealings with or without
				church bond financing organizations must be disclosed.
(g) All expenses of the issue, including the
				amount of remuneration to be given to those who will engage in the sale of the
				issue, must be fully disclosed.
(h)
				If there is to be an escrow of funds, a brief description of the escrow
				agreement must be given.
(i) All
				disclosure documents must be dated.
(j) If the issue has not been registered with
				the Securities and Exchange Commission or under the Texas Securities Act, such
				must be clearly indicated in the disclosure document.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 125 - MINIMUM DISCLOSURES IN CHURCH AND NONPROFIT INSTITUTION BOND ISSUES › Section 125.8 - Litigation and Other Material Transactions

Current through Reg. 49, No. 28; July 12, 2024
(a) Any pending or threatened litigation
				which may materially affect the issuer's ability to pay back the bonds, or the
				interest on them, must be mentioned.
(b) Any transactions to which the issuer is a
				party which may materially affect this offering, and which have not been
				mentioned in subsection (a) of this section, must be fully disclosed.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 127 - MISCELLANEOUS › Section 127.1 - Enforcement

Current through Reg. 49, No. 28; July 12, 2024
(a) Complaints signed by investigators.
				Investigators or other members of the staff, on instructions from the
				Commissioner, may sign complaints before appropriate district or county
				attorneys where there is sufficient evidence of a violation of the penal
				section of the Act and where no complaint of such violation has been made by
				any other person.
(b) Disclosure of
				testimony taken during an investigation. A deposition and all information
				received in connection with an investigation under §4007.053 of the
				Securities Act and all internal notes, memoranda, reports, or communications
				made in connection with an investigation under that section are treated as
				confidential by §4007.056 of the Securities Act. The provisions in the
				Securities Act against disclosure of confidential investigatory information
				prohibit the Commissioner and staff from permitting a witness in an
				investigative proceeding under §4007.053 to have a copy of his or her own
				statement, or permitting recorders or private court reporters to be present at
				any hearing or investigation. The Commissioner may not disclose confidential
				investigatory information in the Commissioner's possession except as authorized
				by the Securities Act and Board rule. This section may not be interpreted to
				prohibit or limit the publication of rulings or decisions of the
				Commissioner.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 127 - MISCELLANEOUS › Section 127.2 - Alternative Dispute Resolution

Current through Reg. 49, No. 28; July 12, 2024
(a)
				Policy. It is the Board's policy to encourage the fair and expeditious
				resolution of disputed matters, internal and external, through voluntary and
				informal settlement negotiations. This section sets out the Agency's
				alternative dispute resolution (ADR) procedures to be used when proceeding
				under Chapter 2009 of the Government Code. However, the ADR procedures in this
				section are intended to supplement and do not limit the use of any other
				informal dispute resolution or negotiated settlement procedures available to
				the Agency.
(b) Resolution and
				costs. Any resolution reached as a result of ADR procedures is intended to be
				through the voluntary agreement of the parties. The allocation of the costs of
				ADR are subject to negotiation and agreement between the parties. The party who
				requests ADR may be liable for the cost of any third-party mediator, moderator,
				arbitrator, or ombudsman and shall otherwise bear his or her own costs arising
				from the use of ADR.
(c)
				Coordinator. The Securities Commissioner shall designate at least one employee
				of the Agency to serve as the Agency's ADR coordinator to:
(1) coordinate the implementation of the
				Agency's ADR policies;
(2) serve as
				a resource for any training needed to implement the procedures for ADR;
				and
(3) collect data concerning the
				effectiveness of the ADR procedures as implemented by the Agency.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 127 - MISCELLANEOUS › Section 127.3 - Seal of the State

Current through Reg. 49, No. 28; July 12, 2024
The term "state seal" as used in the Securities Act,
				  §4001.154, includes the official seal of the State Securities
				  Board.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 127 - MISCELLANEOUS › Section 127.4 - Prosecutorial Assistance to County or District Attorneys

Current through Reg. 49, No. 28; July 12, 2024
(a) Prior to
				referring a case to a county or district attorney for prosecution pursuant to
				the Texas Securities Act, §4007.001, the Commissioner shall make a
				determination of:
(1) the Agency resources,
				including the number and types of Agency employees, that would potentially be
				needed to assist in the prosecution of the case; and
(2) the availability of Agency employees and
				other resources necessary to carry out any request for assistance.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 131 - GUIDELINES FOR CONFIDENTIALITY OF INFORMATION › Section 131.1 - Information Sharing

Current through Reg. 49, No. 28; July 12, 2024
(a) The Board
				recognizes the need for cooperative law enforcement among agencies responsible
				for the prevention, detection, and prosecution of white collar crime, for the
				regulation and policing of persons who offer and sell securities, and for the
				regulation of offerings of securities. Pursuant to the authority given the
				Board under the Texas Securities Act, §4002.161 and §4007.056, the
				Board authorizes the Securities Commissioner in his or her discretion to supply
				any confidential information in the Commissioner's possession to:
(1) any governmental or regulatory authority,
				including any bankruptcy trustee, receiver, or other official appointed by a
				state or federal court in a proceeding involving a governmental or regulatory
				authority; or
(2) any association
				of governmental or regulatory authorities.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.2 - Public Information Charges - Billing Detail

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.3 - ADA Accommodations Request

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.4 - Request for Consideration of a Registration Application by a Military Applicant

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.5 - Secondary Trading Exemption Notice

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.6 - Secondary Trading Exemption Renewal Notice

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.7 - Securities Application

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.9 - Notice Filing for Third Party Brokerage Arrangements on Financial Entity Premises

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.10 - Investment Company Report of Sales in the State of Texas

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.11 - Sales Report for Non-continuous Offerings

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.12 - Renewal Application for Mutual Funds and Other Continuous Offerings

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.13 - Application for Renewal Permit

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.14 - Consent of Independent Accountants

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.15 - Texas Crowdfunding Portal Registration

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.16 - Texas Crowdfunding Portal Withdrawal of Registration

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.18 - Certification of Balance Sheet by Principal Financial Officer

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.19 - Waiver or Refund Request by a Military Applicant

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.20 - Texas Crowdfunding Portal Registration by an Authorized Small Business Development Entity

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.21 - Crowdfunding Exemption Notice

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.22 - Waiver or Refund Request by a Military Service Member or Military Spouse for a Renewal Fee

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.23 - Request for Recognition of Out-Of-State License or Registration Pursuant to Occupations Code Section 55.0041

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.26 - Request for Determination of Money Market Fund Status for Federal Covered Securities

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.27 - Year-End Report of Sales of Federal Covered Securities by a Money Market Fund

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.29 - Intrastate Exemption Notice

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.30 - Information Concerning Projected Market Prices and Related Market Information

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.33 - Uniform Forms Accepted, Required, or Recommended

Current through Reg. 49, No. 28; July 12, 2024
(a) Assuming the appropriate exhibits and
				supplements are filed, the State Securities Board will accept for filing the
				following "Uniform Forms" in lieu of the requisite Texas form, if any.
(1) U-1. Uniform Application to Register
				Securities.
(2) U-2. Uniform
				Consent to Service of Process.
(3)
				U-4. Uniform Application for Securities Industry Registration or
				Transfer.
(4) U-5. Uniform
				Termination Notice for Securities Industry Registration.
(5) ADV. Uniform Application for Investment
				Adviser Registration.
(6) BD.
				Uniform Application for Broker-Dealer Registration.
(7) USR-1. Investment Company Report of
				Sales.
(8) U-7. Small Company
				Offerings Registration Form may be used as a disclosure guide when making a
				small company offering of securities pursuant to an exemption under the Act or
				when making small public offerings pursuant to the Act, §7.A.
(9) NF. Uniform Investment Company Notice
				Filing.
(10) Model Accredited
				Investor Exemption Uniform Notice of Transaction.
(11) BR. Uniform Branch Office Registration
				Form.
(12) Regulation A - Tier 2
				form.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.34 - Undertaking Regarding Non-issuer Sales

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 133 - FORMS › Section 133.36 - Request for Reduced Fees for Certain Persons Registered in Multiple Capacities

Current through Reg. 49, No. 28; July 12, 2024
This form is available from the State Securities Board, P.O.
				  Box 13167, Austin, Texas 78711-3167 and at
www.ssb.texas.gov
.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 135 - INDUSTRIAL DEVELOPMENT CORPORATIONS AND AUTHORITIES › Section 135.1 - Exemption

Current through Reg. 49, No. 28; July 12, 2024
The State Securities Board, pursuant to the Texas Securities
				  Act, §4005.024, exempts from the securities registration requirements of
				  the Act, securities issued pursuant to the Development Corporation Act, Texas
				  Local Government Code, Title 12, Subtitle C1.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 135 - INDUSTRIAL DEVELOPMENT CORPORATIONS AND AUTHORITIES › Section 135.2 - Dealer and Agent Registration

Current through Reg. 49, No. 28; July 12, 2024
Any person who acts as an agent of the issuer in connection
				  with a sale to any prospective purchaser in a transaction exempt from
				  securities registration by virtue of this section shall be registered as either
				  a dealer or agent under the Texas Securities Act, as
				  applicable.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 135 - INDUSTRIAL DEVELOPMENT CORPORATIONS AND AUTHORITIES › Section 135.3 - Anti-Fraud Provisions

Current through Reg. 49, No. 28; July 12, 2024
Nothing in this section relieves issuers or persons acting on
				  their behalf from the duty to disclose to prospective investors information to
				  satisfy the anti-fraud provisions of the Texas Securities
				  Act.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 137 - ADMINISTRATIVE GUIDELINES FOR REGULATION OF OFFERS › Section 137.1 - Application

Current through Reg. 49, No. 28; July 12, 2024
(a) This chapter relates to offers to sell
				securities which must be filed with the Commissioner under the Texas Securities
				Act, Chapter 4003, Subchapter E.
(b) This chapter does not apply to
				advertising for sales made in reliance upon exemptions contained in the Act,
				Chapter 4005, Subchapters A or B, including exemptions by rule adopted by the
				State Securities Board pursuant to the Texas Securities Act,
				§4005.024.
(c) This chapter
				does not require the filing of any offering documents, prepared by or on behalf
				of the issuer, in connection with the offer of federal covered securities, as
				that term is defined in §
									107.2 of this title (relating to
				Definitions).
(d) The Texas
				Securities Act prohibits fraud or fraudulent practices in connection with the
				purchase or sale of any security, whether exempt or not. The Agency has
				jurisdiction to investigate and bring enforcement actions with respect to fraud
				or deceit, or unlawful conduct by a dealer or agent, in connection with any
				securities subject to the Texas Securities Act, including federal covered
				securities or transactions involving federal covered securities.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 137 - ADMINISTRATIVE GUIDELINES FOR REGULATION OF OFFERS › Section 137.2 - Filing Requirements

Current through Reg. 49, No. 28; July 12, 2024
(a) Written or
				printed offers required to be filed with the Commissioner pursuant to the
				Securities Act, §4003.203(1), must be received by the Commissioner within
				10 days after the date of their first use in Texas, including distribution of
				the offers to dealers; provided this shall not apply to offers by preliminary
				or final prospectus or to tombstone ads. Material filed under this section may
				be used unless expressly prohibited by the Commissioner.
(b) Draft copies of material, galley proofs,
				and scripts of film or slide presentations may be submitted to the Commissioner
				to satisfy the filing requirement of §4003.203(1), but true, final copies
				of any such material or filmed presentation must be provided to the
				Commissioner, and adequate equipment or facilities made available to actually
				view the material or presentation, within 10 days after the date of their first
				use in Texas.
(c) "Generic"
				advertisements, which under SEC Rule 135a (17 CFR §
										230.135a, as amended) are not deemed to offer
				any security for sale, need not be filed pursuant to this section.
(d) If with respect to any issues of
				securities which are part of a series of offerings of similar nature, an
				advertisement is proposed to be used in substantially the same form for more
				than one issue of securities in the series, the offeror or sponsor may file
				within 10 days after the date of its first use in Texas a final copy of each
				such advertisement with the Commissioner.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 137 - ADMINISTRATIVE GUIDELINES FOR REGULATION OF OFFERS › Section 137.3 - Preliminary Prospectus

Current through Reg. 49, No. 28; July 12, 2024
The language adopted by the SEC in paragraph (b)(10) of Item
				  501 of Regulation S-K (17
				  CFR §
										229.501, as amended) meets the
				  requirements of the Texas Securities Act, §4003.203(4)(B), and is approved
				  for use on preliminary prospectuses in Texas.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 137 - ADMINISTRATIVE GUIDELINES FOR REGULATION OF OFFERS › Section 137.4 - Tombstone Advertisements

Current through Reg. 49, No. 28; July 12, 2024
"Tombstone" advertisements need not be filed pursuant to
				  §
									RSA
				  137.2(a) of this title
				  (relating to Filing Requirements) and are not subject to the requirements of
				  §
									RSA
				  137.6(a) of this title
				  (relating to Standards for Supplemental Advertising) if they contain no more
				  than one or more of the following:
(1)
				date of issuance or release;
(2)
				name and address of issuer;
(3)
				identity or title of securities;
(4) per unit offering price;
(5) amount of offering;
(6) brief statement of character or business
				taken from summary in the preliminary or final prospectus;
(7) names of the underwriters;
(8) address where prospectus or offering
				circular may be obtained; or
(9)
				any statement or legend required by state law or administrative
				authority.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 137 - ADMINISTRATIVE GUIDELINES FOR REGULATION OF OFFERS › Section 137.5 - Materials for Dealer Use

Current through Reg. 49, No. 28; July 12, 2024
Materials intended for dissemination to dealers only must
				  bear a legend stating that the materials are not for public dissemination and
				  are intended only for the use of dealers.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 137 - ADMINISTRATIVE GUIDELINES FOR REGULATION OF OFFERS › Section 137.6 - Standards for Supplemental Advertising

Current through Reg. 49, No. 28; July 12, 2024
(a) Advertising or
				sales material, other than tombstone ads, must be consistent with and conform
				to disclosures contained in the prospectus. Advertising and sales materials
				which depict predominately the positive elements of an offering and exclude
				such negative elements as are required to be disclosed in the offering
				prospectus may be found by the Commissioner to be false, misleading, and likely
				to deceive a reader thereof. Sales materials which refer to specific issuers of
				securities by name must be accompanied by or preceded by a prospectus. Sales
				materials that include comparisons to other investment vehicles or indexes
				which are unwarranted or not fully explained may be considered
				misleading.
(b) References in
				advertising or sales materials to an exemption from or reduction in taxation
				under any laws should be consistent with the information or summaries of
				information which are contained in the prospectus.
(c) Projections, generalizations,
				conclusions, and opinions which tend to be misleading or likely to deceive a
				reader thereof shall not be permitted.
(d) All advertisements of and oral
				invitations to group sales meetings or "seminars" at which specific issue(s) of
				securities are to be offered or sold shall clearly indicate that the purpose of
				the meeting is to offer such securities for sale and shall disclose the name of
				the sponsor, underwriter, or selling agent.
(e) Any bonus, prize, gift, or similar
				consideration which is offered to investors as an inducement to buy securities
				or offered to dealers or agents as an inducement to sell a specific offering or
				issue of securities (but not as an inducement in connection with general public
				relations or goodwill-building activities unrelated to the sale of a specific
				issue) must be fully disclosed to investors and to the Commissioner.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 137 - ADMINISTRATIVE GUIDELINES FOR REGULATION OF OFFERS › Section 137.7 - Advertisements in Texas Publications

Current through Reg. 49, No. 28; July 12, 2024
Advertisements in newspapers or periodicals whose circulation
				  is directed primarily to residents of Texas or placed solely in a local edition
				  of an otherwise nationally distributed newspaper or periodical which offer
				  securities which may not be legally offered to Texas residents should indicate
				  in the text of the advertisement that the securities are not offered for sale
				  to Texas residents.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 139 - EXEMPTIONS BY RULE OR ORDER › Section 139.1 - Policies

Current through Reg. 49, No. 28; July 12, 2024
(a) It is the
				policy of the State Securities Board to refuse to grant any exemptions by order
				under §5.T of the Securities Act for specific individual transactions or
				issuers.
(b) The company or person
				engaged in a transaction exempt under a rule adopted pursuant to the Securities
				Act, §5.T, shall not be deemed a dealer within the meaning of the Act
				unless the rule by its terms indicates otherwise.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 139 - EXEMPTIONS BY RULE OR ORDER › Section 139.2 - Professional Associations

Current through Reg. 49, No. 28; July 12, 2024
The sale, issuance, or offering of any securities of a
				  professional association organized pursuant to Texas Civil Statutes, Article
				  1528(f), to persons permitted by the provisions of such article to own such
				  securities are hereby exempted from the securities registration and dealer
				  registration requirements of the Act; and the sale, issuance, or offering of
				  any such securities to such persons shall be legal without any action or
				  approval whatsoever on the part of the board or the
				  commissioner.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 139 - EXEMPTIONS BY RULE OR ORDER › Section 139.3 - Blue Chip Exemption

Current through Reg. 49, No. 28; July 12, 2024
The sale of any security by the issuer itself or by a
				  registered dealer is exempt from the registration requirements of the
				  Securities Act if all of the following conditions are met:
(1) If the issuer is not organized under the
				laws of the United States or a state, it has appointed a duly authorized agent
				in the United States for service of process, and has set forth the name and
				address of such agent in its prospectus, offering memorandum or similar
				disclosure document.
(2) The
				security is senior to or on a parity with a class of the issuer's securities
				registered under section 12 of the Securities Exchange Act of 1934, and the
				class of securities has been so registered for the three years immediately
				preceding the offering date.
(3)
				Neither the issuer nor a subsidiary, which accounts for more than 15% of assets
				or revenues on a consolidated basis, has had a default that exceeded 5.0% of
				total assets on a consolidated basis during the last seven years (or the
				issuer's existence if less than seven years) in the payment of:
(A) principal, interest, dividend, or sinking
				fund installment on preferred stock or indebtedness for borrowed money;
				or
(B) rentals under leases with
				terms of three years or more.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 139 - EXEMPTIONS BY RULE OR ORDER › Section 139.4 - Mexican Securities

Current through Reg. 49, No. 28; July 12, 2024
Any security either issued or guaranteed by the federal
				  government of Mexico shall be exempt from the securities registration
				  requirements of the Act when offered for sale, sold, or dealt in by a
				  registered dealer.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 139 - EXEMPTIONS BY RULE OR ORDER › Section 139.5 - Canadian Securities

Current through Reg. 49, No. 28; July 12, 2024
Any security, issued or guaranteed by Canada or any Canadian
				  province or political subdivision thereof whose power of taxation or assessment
				  will underlie the obligations evidenced by such securities, shall be exempt
				  from the securities registration requirements of the Act when offered for sale,
				  sold, or dealt in by a registered dealer.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 139 - EXEMPTIONS BY RULE OR ORDER › Section 139.6 - Distributions by Liquidating Trustees

Current through Reg. 49, No. 28; July 12, 2024
The distribution to security holders of record at the time of
				  the corporation's dissolution or liquidation of securities held by the
				  liquidating trustee shall be exempt from the securities registration and dealer
				  registration requirements of the Act. The distribution of such securities, as
				  part of their pro rata share of assets, to the security holders of record shall
				  be exempt, provided that either articles of dissolution of the dissolving
				  corporation have been or will be filed pursuant to a plan of complete
				  liquidation or dissolution approved by the shareholders or a court of competent
				  jurisdiction orders the dissolution and no security holder is obligated to pay
				  or give any consideration other than the surrender of his shares of the
				  dissolved corporation.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 139 - EXEMPTIONS BY RULE OR ORDER › Section 139.7 - Sale of Securities to Nonresidents

Current through Reg. 49, No. 28; July 12, 2024
(a) The offer and sale of securities by an
				issuer or its selling agent to a non-Texas resident not present in Texas when
				the offer is made is exempt from the securities registration provisions of the
				Securities Act. (The Securities Act provides exemptions from the securities
				registration requirements which might be available to some issuers or selling
				agents offering or selling to non-Texas residents present in the
				state.)
(b) An issuer or selling
				agent who makes an offer or sale from Texas, by any means, including use of the
				mail or telephone, is a dealer and must comply with the dealer registration
				requirements of the Securities Act. (The Securities Act provides exemptions
				from the dealer registration requirements which might be available to some
				issuers or selling agents.) An offer is not deemed to be made from Texas merely
				because offering material is prepared in Texas, if such material is still in
				the possession of the issuer or its selling agent when it leaves the state. A
				sale is not deemed to be made in Texas merely because a purchaser sends his
				purchase money to Texas, or because clerical functions connected with the
				closing of a sale are performed in Texas.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 139 - EXEMPTIONS BY RULE OR ORDER › Section 139.8 - Sales to Underwriters

Current through Reg. 49, No. 28; July 12, 2024
Any transaction between the issuer, or other person on whose
				  behalf the offering is made, and an underwriter, or among underwriters, is
				  hereby exempted from the securities registration requirements of the Securities
				  Act, §7.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 139 - EXEMPTIONS BY RULE OR ORDER › Section 139.9 - Bank Holding Companies

Current through Reg. 49, No. 28; July 12, 2024
A bank holding company with fewer than 500 shareholders that
				  owns the majority of the voting shares of a bank domiciled in Texas is hereby
				  exempted from the dealer registration requirements of the Securities Act,
				  §12, with respect to its participation in a sale or other transaction
				  involving its own securities or the securities of a bank where the bank holding
				  company owns a majority of the voting shares of such bank.
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 139 - EXEMPTIONS BY RULE OR ORDER › Section 139.10 - Exchange Offers

Current through Reg. 49, No. 28; July 12, 2024
The offer or sale by the issuer of common stock in exchange
				  for units of limited partnership or interests in oil, gas, or mineral leases,
				  fees, or titles is hereby exempted from the securities registration
				  requirements of the Securities Act, §7, if all of the following conditions
				  are met:
(1) the units of limited
				partnership or interests in oil, gas, or mineral leases, fees, or titles for
				which the offer is made have been issued and outstanding for more than 36
				months;
(2) the shares of common
				stock to be exchanged are registered for sale with the Securities and Exchange
				Commission;
(3) all sales to
				exchanging Texas residents are made by or through a registered dealer, who may
				be the issuer;
(4) the exchanging
				unit holders are not obligated to pay any consideration for the common stock
				issued to them other than the units of limited partnership or interests in oil,
				gas, or mineral leases, fees, or titles held by them;
(5) the shares of common stock received
				pursuant to the exchange are fully tradeable without restrictions;
				and
(6) at the close of the
				offering, the securities meet all of the criteria for trading on The National
				Association of Securities Dealers Automatic Quotations (NASDAQ).
Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 7 - STATE SECURITIES BOARD › Chapter 139 - EXEMPTIONS BY RULE OR ORDER › Section 139.11 - Transactions in United States Savings Bonds

Current through Reg. 49, No. 28; July 12, 2024
The State Securities Board, pursuant to the Securities Act,
				  §5.T and §12.B, exempts from the securities and dealer registration
				  requirements of the Act, the sale of any United States Series EE Savings Bond
				  if no commission or other remuneration is paid or given or is to be paid or
				  given, directly or indirectly, in connection with the sale. For purposes of
				  this section, "commission or other remuneration" does not include a fee paid by
				  the United States Treasury.