§ 11-51-304.5 — Notice filing - investment companies

Colorado § 11-51-304.5

• Jurisdiction: Colorado
• Title 11: Financial
• Art.: Securities

Text

(1) With respect to a
security that is a federal covered security as defined in section 18 (b)(2) of the
federal Securities Act of 1933, as amended, 15 U.S.C. sec. 77r (b)(2), that is not
otherwise exempt under section 11-51-307, 11-51-308, 11-51-308.5, or 11-51-309,
before the initial offer of the security, the issuer must file with the securities
commissioner a form NF established by the North American Securities
Administrators Association, or an analogous form prescribed by the securities
commissioner, along with a notice filing fee, which fee shall be determined and
collected pursuant to section 11-51-707.

(2) A notice filing under this section is effective only for securities sold
within twelve months after the date on which the form NF was filed with the
securities commissioner. On or before the expiration date, the issuer may renew a
notice filing by filing another form NF and paying a renewal fee, which fee shall be
determined and collected pursuant to section 11-51-707. The renewed notice filing
becomes effective upon the expiration of the filing being renewed.

(3) If the securities commissioner finds there is a failure to comply with a
notice filing or fee requirement of this section, the securities commissioner may
issue a stop order suspending the offer or sale of those securities for which notice
filing has not been made or the notice filing fee has not been paid. If the securities
commissioner finds that a deficiency is corrected, the stop order is void and no
penalty will be imposed.

Legislative History

Source: L. 2018: Entire section added, (HB 18-1388), ch. 280, p. 1756, � 3, effective August 8.