Eliminates Certain Form 99 Filings with the Investor
Protection Bureau of the Department of Law
Background
Regulation D under the U.S. Securities Act of 1933, as amended
(the 1933 Act ), permits the sale of securities by
issuers of those securities without registration under the 1933
Act.
1 An issuer claiming an exemption under
Regulation D must electronically file Form D with the U.S.
Securities and Exchange Commission (the SEC), thereby notifying the
SEC of the Regulation D offering, no later than 15 calendar days
after the first sale of securities in the offering.
2
Under Section 18 of the 1933 Act
3, any private
placement made in accordance with Rule 506 of Regulation D will