N.Y. Comp. Codes R. & Regs. tit. 13, § 50.6 – Method of filing offering literature other than that filed with the Securities and Exchange Commission, as referred to in section 50.1(m) of this Part.

(a) Offering literature, other than that filed with the Securities and Exchange Commission, which is required to be filed with the Department of Law pursuant to section 50.1(n) and (o) of this Part and article 23 of the Arts and Cultural Affairs Law, shall be filed with the Department of Law at its office in the City of New York, as follows:
1. (1) A filing pursuant to section 50.1(n)(1) of this Part may only be made by filing two copies of the offering circular or prospectus or private placement memorandum, two copies of the investment agreement and other documents required by section 50.7 of this Part prior to the offering of the syndication interests.
2. (2) A filing made pursuant to section 50.1(n)(2) of this Part may only be made by filing two copies of the investment agreement and other documents required by section 50.7 of this Part prior to the offering of the syndication interests.
3. (3) A filing made pursuant to section 50.1(o) of this Part may only be made as follows:
  1. (i) The Department of Law must be notified, on form ATS-4 by the issuer or other offeror of his intent to proceed by means of waivers within 30 days after the initial receipt of monies other than front money from an investor, unless the waivers have been filed prior to such time.
  2. (ii) All original waivers, two copies of the investment agreement and one copy of the certificate of limited partnership (if this form is used) shall be filed with the Department of Law, not later than the first public performance of the theatrical production or, in the case of an offering made pursuant to section 50.4 of this Part, within seven days of the completion of the minimum offering together with one copy of all contracts and options with authors or a statement by the issuer or other offeror or the attorney for the theatrical production company that, with respect to each theatrical production to be produced, developed or invested in by such company, the issuer or other offeror has secured or will secure the rights to the production or an option therefor from the authors. At the time of the filing, the producers shall represent that they have no knowledge or belief that the offering was made to more than 35 offerees, and that the producers do not know of any investors represented by nominees other than those listed on the waivers as submitted.
    (b)
4. (1) All funds derived from the sale of such theatrical syndication interests, with the exception of funds raised pursuant to section 50.1(o) of this Part, shall be held in trust in a special bank account until the Attorney General has issued to the issuer or other offeror a letter stating that the offering has been permitted to be filed; and the Attorney General, not later than 15 days after such submission, shall issue such a letter or, in the alternative, a notification in writing indicating deficiencies therein. If the Attorney General has issued such a notification in writing indicating deficiencies, the issuer or other offeror shall immediately return to the investors all funds derived from such sale or, in the alternative, shall retain such funds in trust for a period not to exceed 30 days from receipt of such notification. Within said 30-day period, the issuer or other offeror shall submit to the Department of Law revised offering literature. If, within said 30-day period, the Attorney General issues a letter stating that the offering has been permitted to be filed, the issuer or other offeror shall distribute to each investor the revised offering literature together with a written offer to rescind the original investment, which shall be substantially in the form of ATS-7. If, at the expiration of said 30-day period, the Attorney General has not issued a letter stating that the offering has been permitted to be filed, then all funds held in trust shall be returned immediately to the investors.
5. (2) A proposed draft of a contemplated offering may be submitted to the Department of Law solely for the purpose of receiving comments thereon, prior to the formal submission of the offering literature pursuant to this Part and article 23 of the Arts and Cultural Affairs Law.
(c) An amendment to an offering pursuant to section 50.5 of this Part shall be made by filing one redlined copy of each amended document in accordance with the provisions of section 50.5 of this Part. In the event of any material change in the terms of the offer or the information contained in the offering literature, as originally submitted or amended, which occurs prior to the completion of the offering, the amended offering literature shall state that an offer to rescind the original investment in the particular production will be made to each person who invested prior to the amendment. A copy of a proposed letter pursuant to which the offer of rescission will be made and the names and addresses of all persons who invested prior to the amendment shall be submitted to the Department of Law at the time of the submission of the amended offering literature. If no contributions were received prior to the amendment, the issuer or other offeror may represent that fact in a letter to the Department of Law, which shall be submitted to the Department of Law at the time of the submission of the amended offering literature.