1. 1. The Administrator may adopt regulations further defining such words and terms as are necessary for an understanding of the provisions of this chapter and any regulations adopted pursuant thereto.

2. 2. To keep regulations adopted by the Administrator in harmony with the regulations adopted by the Securities and Exchange Commission under the federal securities laws and to encourage uniformity with the regulations of securities agencies and administrators in other states, the Administrator, so far as is consistent with this chapter, shall take into consideration:

   1. (a) The regulations adopted by the Securities and Exchange Commission;
   2. (b) The regulations of securities agencies and administrators in other states that enact a law comparable to this chapter; and
   3. (c) Any model rule, regulation, exemption or like provision adopted by the North American Securities Administrators Association.

3. 3. Unless other criteria are specifically provided in this chapter or special provision is made for an emergency, a regulation or order may not be adopted or entered unless the Administrator determines from evidence adduced at a public hearing and entered in the record, showing specifically how the applicable criteria are satisfied, that the action is:

   1. (a) In the public interest and appropriate for the protection of investors; and
   2. (b) Consistent with the purposes fairly intended by the provisions of this chapter.
4. 4. The Administrator may use his or her own experience, technical competence, specialized knowledge, and judgment in the adoption of a regulation.

5. 5. The Administrator by regulation or order may prescribe:

   1. (a) The form and content of financial statements required under this chapter;
   2. (b) The circumstances under which consolidated financial statements must be filed; and

   3. (c) Whether a required financial statement must be certified and by whom.

      Unless the Administrator by regulation or order provides otherwise, a financial statement required under this chapter must be prepared in accordance with generally accepted accounting principles or other accounting principles as are prescribed for the issuer of the financial statement by the Securities and Exchange Commission.

(Added to NRS by 1987, 2185; A 1989, 160; 1991, 610; 2021, 248)