18 N.C. Admin. Code 6A.2031

Current through Register Vol. 39, No. 9, November 1, 2024

Section 06A .2031 - CONTENTS OF FORM NCFP

The Form NCFP shall include:

(1) all information that the funding portal is required to provide under G.S. 78A-17.1(a)(9)c, including:

(a) the funding portal's legal identity;

(b) the funding portal's physical location;

(c) the name and address of the funding portal's registered agent;

(d) the identity of the individual responsible for filing updates to the funding portal's Form NCFP;

(e) the identity of its officers, directors, or any persons occupying a similar status or performing a similar function; and

(f) the funding portal's website address (URL);

(2) the funding portal's attestations required under Rule .2032 of this Section;

(3) a description of how the funding portal will safeguard the investment funds in the escrow account if its registration expires or it no longer intends to do business in North Carolina;

(4) the identity of the escrow agent that the funding portal intends to use to hold investor funds;

(5) a sample escrow agreement that is compliant with Rule .2019 of this Section; and

(6) all contracts between the funding portal and its service providers, banks, or depository institutions governing the administration of investor funds.

18 N.C. Admin. Code 06A .2031

Authority G.S. 78A-17.1(a)(5); 78A-17.1(f); 78A-49(a); 78A-49(d); 78A-64; S.L. 2016-103, s.4.(a);
Eff. April 1, 2017.

Authority G.S. 78A-17.1(a)(5); 78A-17.1(f); 78A-49(a); 78A-49(d); 78A-64; S.L. 2016-103, s.4.(a);
Eff. 4/1/2017.