S.C. Code Regs. § § 13-309

Current through Register Vol. 48, No. 11, November 22, 2024

Section 13-309 - Offerings Made Under Tier 2 of Federal Regulation A

A. Initial Filings. An issuer planning to offer and sell securities in this state in an offering exempt under Tier 2 of federal Regulation A shall submit the following at least 21 calendar days prior to the initial sale in this state:

(1) A completed Uniform Notice of Regulation A - Tier 2 Offering filing form, or copies of all documents filed with the Securities and Exchange Commission;

(2) A consent to service of process on Form U-2 if not filing on the Uniform Notice of Regulation A - Tier 2 Offering filing form; and

(3) A non-refundable filing fee of five hundred dollars.

B. Term. The notice filing is effective for twelve months from the date of the filing with this state.

C. Renewals. For each additional twelve-month period in which the same offering is continued, an issuer conducting a Tier 2 offering under federal Regulation A may renew its notice filing by filing the following on or before the expiration of the notice filing:

(1) The Uniform Notice of Regulation A - Tier 2 Offering filing form marked "renewal" and a cover letter or other document requesting renewal; and

(2) A non-refundable renewal fee of five hundred dollars.

S.C. Code Regs. § 13-309

Added by State Register Volume 44, Issue No. 06, eff. 6/26/2020.