PURPOSE: This rule facilitates capital formation consistent with the protection of investors.

1. (1) The commissioner, pursuant to the provisions of section 409.305(e), (f) and (g), RSMo of the Missouri Uniform Securities Act provides for registration by qualification of the offer and sale of securities offerings that comply with the North American Securities Administrator’s Association, Inc. (NASAA) Statement of Policy Regarding Small Company Registrations, adopted April 28, 1996, if an application for registration by qualification is also filed with the State of Kansas Office of the Securities Commissioner.

   1. (A) The application for registration of securities under this rule shall contain the information and documents specified in Form U-1.
   2. (B) The commissioner reserves the right to apply any provision of this chapter concerning registration of securities to offerings under this rule if the commissioner determines that the application is necessary for the protection of investors.
2. (2) An offering document becomes effective under this rule when the commissioner so orders.

AUTHORITY: section 409.413(a), RSMo (1994).* Original rule filed Nov. 1, 1996, effective June 30, 1997.

*Original authority 1967.