1. (1) All issuers who seek to offer securities in or into this state in reliance on the exemption afforded to sales of securities to accredited investors, as set forth in T.C.A. § 48-1- 103(b)(13), must file with the commissioner no later than fifteen (15) days after the first sale:

   1. (a) One (1) copy of the form entitled “Notice of Sale of Securities Pursuant to Accredited Investor Exemption,” as provided by the Division;
   2. (b) A Form U-2 Uniform Consent to Service of Process;
   3. (c) One (1) copy of the general announcement, if one is made regarding the proposed offering;
   4. (d) A non-refundable filing fee in the amount of five hundred dollars ($500); and
   5. (e) A statement noting the date of the first sale, if any, of such security in this state.

Authority: T.C.A. §§ 48-1-103, 48-1-103(b)(14), 48-1-115, 48-1-116, and 48-1-124 and Public Acts of 2001, Chapter 278. Administrative History: Original rule filed May 15, 2002; effective July 29, 2002. Repeal and new rule filed March 16, 2015; effective June 14, 2015. Amendments filed March 3, 2026; effective June 1, 2026.