PURPOSE: This rule promotes uniformity with other states and facilitates capital formation for small business owners.

PUBLISHER’S NOTE: The secretary of state has determined that the publication of the entire text of the material which is incorporated by reference as a portion of this rule would be unduly cumbersome or expensive. Therefore, the material which is so incorporated is on file with the agency who filed this rule, and with the Office of the Secretary of State. Any interested person may view this material at either agency’s headquarters or the same will be made available at the Office of the Secretary of State at a cost not to exceed actual cost of copy reproduction. The entire text of the rule is printed here. This note refers only to the incorporated by reference material.

1. (1) The Securities Division hereby adopts by reference the North American Securities Administrators Association (NASAA) Statement of Policy Regarding Small Company Offering Registrations (SCOR), as adopted by NASAA on April 28, 1996.

2. (2) A registration statement to register securities under SCOR shall contain the following:

   1. (A) The form U-1 and accompanying documents;
   2. (B) Two (2) copies of the prospectus, including financial statements;
   3. (C) Copies of any documents filed with the Securities and Exchange Commission in connection with the registration statement;
   4. (D) The filing fee and registration fee specified in 15 CSR 30-50.030; and
   5. (E) Any additional information or documents requested by the Securities Division.
3. (3) Financial Statements. The financial statements for SCOR offerings over one (1) million dollars shall comply with 15 CSR 30- 52.025. The financial statements for SCOR offerings up to one (1) million dollars shall also comply with 15 CSR 30-52.025, but only need to be reviewed as determined under the NASAA Statement of Policy Regarding SCOR.
4. (4) The Securities Division may apply any rule contained in Chapter 52 to SCOR offerings.

AUTHORITY: sections 409.304, 409.305, 409.306 and 409.413, RSMo 2000.* Original rule filed Nov. 1, 1996, effective June 30, 1997. Rescinded and readopted: Filed Aug. 30, 2002, effective Feb. 28, 2003.

*Original authority: 409.304, RSMo 1967; 409.305, RSMo 1967, amended 1977, 1978, 1980, 1986; 409.306, RSMo 1967, amended 1977; and 409.413, RSMo 1967.