PURPOSE: This rule prescribes the circumstances under which certain transactions in securities of reporting companies are exempted from the registration requirements of the Missouri Uniform Securities Act.

1. (1) The exemption specified in section 409.402(b)(15) of the Missouri Uniform Securities Act (the Act) shall be available only when the reports filed under Section 13 of the Act have been on file for a period of not less than ninety (90) days prior to the transaction.

AUTHORITY: sections 409.402(b)(12) and 409.413(a), RSMo 1986.* Original rule filed Jan. 14, 1987, effective June 11, 1987.

*Original authority: 409.402(b)(12), RSMo 1967, amended 1977, 1978, 1986 and 409.413(a), RSMo 1967.