80_FR_37663 80 FR 37537 - Amendments for Small and Additional Issues Exemptions Under the Securities Act (Regulation A); Correction

80 FR 37537 - Amendments for Small and Additional Issues Exemptions Under the Securities Act (Regulation A); Correction

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 126 (July 1, 2015)

Page Range37537-37538
FR Document2015-16045

This document contains corrections to the final regulations (SEC Rel. No. 33-9741), which were published in the Federal Register of Monday, April 20, 2015 (80 FR 21806). The regulations related to Amendments for Small and Additional Issues Exemptions under the Securities Act (Regulation A).

Federal Register, Volume 80 Issue 126 (Wednesday, July 1, 2015) 
[Federal Register Volume 80, Number 126 (Wednesday, July 1, 2015)]
[Rules and Regulations]
[Pages 37537-37538]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-16045]


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SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 232

[Release Nos. 33-9741C; 34-74578C; 39-2501C; File No. S7-11-13]
RIN 3235-AL39


Amendments for Small and Additional Issues Exemptions Under the 
Securities Act (Regulation A); Correction

AGENCY: Securities and Exchange Commission.

ACTION: Correcting amendments.

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SUMMARY: This document contains corrections to the final regulations 
(SEC Rel. No. 33-9741), which were published in the Federal Register of 
Monday, April 20, 2015 (80 FR 21806). The regulations related to 
Amendments for Small and Additional Issues Exemptions under the 
Securities Act (Regulation A).

DATES: This correction is effective July 1, 2015.

FOR FURTHER INFORMATION CONTACT: Linda Cullen, Office of the Secretary 
at (202) 551-5400.

SUPPLEMENTARY INFORMATION: 

Background

    The final regulations that are the subject of these corrections 
were revisions to Item 101(a) of Regulation S-T (Sec.  232.101(a) of 
the chapter) on the effective date of the Amendments for Small and 
Additional Issues Exemptions under the Securities Act (Regulation A) to 
reflect the mandatory electronic filing of all issuer initial filing 
and ongoing reporting requirements under Regulation A (Sec. Sec.  
230.251-230.262 of the chapter).

Need for Correction

    As published, the final regulations contain errors which need to be 
corrected.

List of Subjects in 17 CFR Part 232

    Reporting and recordkeeping requirements, Securities.

    Accordingly, 17 CFR part 232 is corrected by making the following 
correcting amendments:

0
1. The authority citation for part 232 continues to read in part as 
follows:

    Authority:  15 U.S.C. 77c, 77f, 77g, 77h, 77j, 77s(a), 77z-3, 
77sss(a), 78c(b), 78l, 78m, 78n, 78o(d), 78w(a), 78ll, 80a-6(c), 
80a-8, 80a-29, 80a-30, 80a-37, 7201 et seq.; and 18 U.S.C. 1350, 
unless otherwise noted.
* * * * *

0
2. Section 232.101 is amended by:
0
a. Revising paragraphs (a)(1)(xvi) and (xvii); and
0
b. Adding paragraph (a)(1)(xviii).
    The revisions and addition read as follows:


Sec.  232.101  Mandated electronic submissions and exceptions.

    (a) * * *
    (1) * * *
    (xvi) Form ABS-15G (as defined in Sec.  249.1400 of this chapter);
    (xvii) Documents filed with the Commission pursuant to section 
13(n) of the Exchange Act (15 U.S.C. 78m(n)) and the rules and 
regulations

[[Page 37538]]

thereunder, including Form SDR (17 CFR 249.1500) and reports filed 
pursuant to Rules 13n-11(d) and (f) (17 CFR 240.13n-11(d) and (f)) 
under the Exchange Act; and
    (xviii) Filings made pursuant to Regulation A (Sec. Sec.  230.251 
through 230.262 of this chapter).
* * * * *

    Dated: June 25, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-16045 Filed 6-30-15; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 126 / Wednesday, July 1, 2015 / Rules and Regulations 37537 PART 271—INTERPRETATIVE RELEASES RELATING TO THE INVESTMENT COMPANY ACT OF 1940 AND GENERAL RULES AND REGULATIONS THEREUNDER ■ 3. Part 271 is amended by adding Release No. IC–31684 to the list of interpretive releases as follows: Subject Release No. Date Fed. Reg. Vol. and Page * * * * * * * Commission Guidance Regarding the Definition of the IC–31684 June 19, 2015 ................................. 80 FR [Insert FR Page Terms ‘‘Spouse’’ and ‘‘Marriage’’ Following the Supreme Number] Court’s Decision in United States v. Windsor. PART 276—INTERPRETATIVE RELEASES RELATING TO THE INVESTMENT ADVISERS ACT OF 1940 AND GENERAL RULES AND REGULATIONS THEREUNDER ■ 4. Part 276 is amended by adding Release No. IA–4122 to the list of interpretive releases as follows: Subject Release No. Date Fed. Reg. Vol. and Page * * * * * * * Commission Guidance Regarding the Definition of the IA–4122 June 19, 2015 ................................. 80 FR [Insert FR Page Terms ‘‘Spouse’’ and ‘‘Marriage’’ Following the Supreme Number] Court’s Decision in United States v. Windsor. Dated: June 19, 2015. for Small and Additional Issues List of Subjects in 17 CFR Part 232 By the Commission. Exemptions under the Securities Act Reporting and recordkeeping Robert W. Errett, (Regulation A). requirements, Securities. Deputy Secretary. DATES: This correction is effective July Accordingly, 17 CFR part 232 is [FR Doc. 2015–15506 Filed 6–30–15; 8:45 am] 1, 2015. corrected by making the following BILLING CODE 8011–01–P correcting amendments: FOR FURTHER INFORMATION CONTACT: ■ 1. The authority citation for part 232 Linda Cullen, Office of the Secretary at continues to read in part as follows: SECURITIES AND EXCHANGE (202) 551–5400. COMMISSION Authority: 15 U.S.C. 77c, 77f, 77g, 77h, SUPPLEMENTARY INFORMATION: 77j, 77s(a), 77z–3, 77sss(a), 78c(b), 78l, 78m, 17 CFR Part 232 78n, 78o(d), 78w(a), 78ll, 80a–6(c), 80a–8, Background 80a–29, 80a–30, 80a–37, 7201 et seq.; and 18 [Release Nos. 33–9741C; 34–74578C; 39– U.S.C. 1350, unless otherwise noted. 2501C; File No. S7–11–13] The final regulations that are the subject of these corrections were * * * * * RIN 3235–AL39 revisions to Item 101(a) of Regulation S– ■ 2. Section 232.101 is amended by: T (§ 232.101(a) of the chapter) on the ■ a. Revising paragraphs (a)(1)(xvi) and Amendments for Small and Additional effective date of the Amendments for (xvii); and Issues Exemptions Under the Small and Additional Issues ■ b. Adding paragraph (a)(1)(xviii). Securities Act (Regulation A); The revisions and addition read as Exemptions under the Securities Act Correction follows: (Regulation A) to reflect the mandatory AGENCY: Securities and Exchange electronic filing of all issuer initial filing § 232.101 Mandated electronic Commission. and ongoing reporting requirements submissions and exceptions. ACTION: Correcting amendments. under Regulation A (§§ 230.251–230.262 (a) * * * of the chapter). (1) * * * tkelley on DSK3SPTVN1PROD with RULES SUMMARY: This document contains (xvi) Form ABS–15G (as defined in corrections to the final regulations (SEC Need for Correction § 249.1400 of this chapter); Rel. No. 33–9741), which were As published, the final regulations (xvii) Documents filed with the published in the Federal Register of Commission pursuant to section 13(n) of contain errors which need to be Monday, April 20, 2015 (80 FR 21806). the Exchange Act (15 U.S.C. 78m(n)) corrected. The regulations related to Amendments and the rules and regulations VerDate Sep<11>2014 17:34 Jun 30, 2015 Jkt 235001 PO 00000 Frm 00007 Fmt 4700 Sfmt 4700 E:\FR\FM\01JYR1.SGM 01JYR1

37538 Federal Register / Vol. 80, No. 126 / Wednesday, July 1, 2015 / Rules and Regulations thereunder, including Form SDR (17 advisory services for compensation to a June 13, 2012.8 In the absence of a final CFR 249.1500) and reports filed government client for two years after the municipal advisor registration rule, the pursuant to Rules 13n–11(d) and (f) (17 adviser or certain of its executives or Commission extended the third-party CFR 240.13n–11(d) and (f)) under the employees (‘‘covered associates’’) make solicitor ban’s compliance date from Exchange Act; and a contribution to certain elected officials June 13, 2012 to nine months after the (xviii) Filings made pursuant to or candidates.1 Rule 206(4)–5 also compliance date of the final rule,9 Regulation A (§§ 230.251 through prohibits an adviser and its covered which is July 31, 2015.10 230.262 of this chapter). associates from providing or agreeing to This notice of compliance date is * * * * * provide, directly or indirectly, payment technical in nature and serves solely to to any third-party for a solicitation of fulfill the Commission’s commitment to Dated: June 25, 2015. advisory business from any government provide the notice for the compliance Brent J. Fields, entity on behalf of such adviser, unless date it previously set.11 Secretary. such third-party is a ‘‘regulated person’’ Dated: June 25, 2015. [FR Doc. 2015–16045 Filed 6–30–15; 8:45 am] (‘‘third-party solicitor ban’’).2 Rule Brent J. Fields, BILLING CODE 8011–01–P 206(4)–5 defines a ‘‘regulated person’’ as Secretary. an SEC-registered investment adviser,3 a [FR Doc. 2015–16048 Filed 6–30–15; 8:45 am] registered broker or dealer subject to pay SECURITIES AND EXCHANGE to play restrictions adopted by a BILLING CODE 8011–01–P COMMISSION registered national securities association,4 or a registered municipal 17 CFR Part 275 advisor subject to pay to play DEPARTMENT OF THE INTERIOR [Release No. IA–4129; File No. S7–18–09] restrictions adopted by the Municipal Securities Rulemaking Board Bureau of Indian Affairs RIN 3235–AK39 (‘‘MSRB’’).5 In addition, the Commission must find, by order, that 25 CFR Part 83 Political Contributions by Certain Investment Advisers: Ban on Third- these pay to play rules: (i) Impose [156A2100DD/AAKC001030/ Party Solicitation; Notice of substantially equivalent or more A0A501010.999900 253G] Compliance Date stringent restrictions on broker-dealers or municipal advisors than the Pay to Requests for Administrative AGENCY: Securities and Exchange Play Rule imposes on investment Acknowledgment of Federal Indian Commission. advisers; and (ii) are consistent with the Tribes ACTION: Notice of compliance date. objectives of the Pay to Play Rule.6 AGENCY: Bureau of Indian Affairs, Rule 206(4)–5 became effective on SUMMARY: The Securities and Exchange Interior. September 13, 2010 and the compliance Commission (‘‘Commission’’ or ‘‘SEC’’) date for the third-party solicitor ban was ACTION: Policy guidance. previously set and extended the set to September 13, 2011.7 When the SUMMARY: This policy guidance compliance date for the ban on third- Commission added municipal advisors establishes the Department’s intent to party solicitation until nine months to the definition of regulated person, the make determinations to acknowledge after the compliance date of a final rule Commission also extended the third- Federal Indian tribes within the adopted by the Commission by which party solicitor ban’s compliance date to contiguous 48 states only in accordance municipal advisors must register under with the regulations established for that the Securities Exchange Act of 1934 1 Political Contributions by Certain Investment purpose at 25 CFR part 83. This notice (‘‘final municipal advisor registration Advisers, Investment Advisers Act Rel. No. 3043 (July 1, 2010) [75 FR 41018 (July 14, 2010)] (‘‘Pay directs any unrecognized group rule’’) and indicated that notice with to Play Release’’). requesting that the Department respect thereto would be provided in 2 See id. at Section II.B.2.(b). See also 17 CFR acknowledge it as an Indian tribe, the Federal Register. This notice of 275.206(4)–5(a)(2)(i)(A). through reaffirmation or any other compliance date is being published to 3 See 17 CFR 275.206(4)–5(f)(9)(i). alternative basis, to petition under 25 4 See 17 CFR 275.206(4)–5(f)(9)(ii). While rule provide the notice of the compliance CFR part 83 unless an alternate process 206(4)–5 applies to any registered national date. securities association, the Financial Industry is established by rulemaking following DATES: The compliance date for the ban Regulatory Authority (‘‘FINRA’’) is currently the the effective date of this policy only registered national securities association under on third-party solicitation under 17 CFR section 19(a) of the Securities Exchange Act of 1934 guidance. 275.206(4)–5 [rule 206(4)–5] is July 31, [15 U.S.C. 78s(b)]. As such, for convenience, we DATES: This policy guidance is effective 2015. will refer directly to FINRA in this notice of July 1, 2015. compliance date when describing the exception for FOR FURTHER INFORMATION CONTACT: FOR FURTHER INFORMATION CONTACT: certain broker-dealers from the third-party solicitor Sirimal R. Mukerjee, Senior Counsel, or ban. Elizabeth Appel, Director, Office of Sarah A. Buescher, Branch Chief, at 5 See 17 CFR 275.206(4)–5(f)(9)(iii). On June 22, Regulatory Affairs & Collaborative (202) 551–6787 or IArules@sec.gov, 2011, the Commission amended the Pay to Play Rule to add municipal advisors to the definition of Investment Adviser Regulation Office, ‘‘regulated persons.’’ See Rules Implementing 8 See Municipal Advisor Addition Release at Division of Investment Management, Amendments to the Investment Advisers Act of section II.D.1. U.S. Securities and Exchange 1940, Investment Advisers Act Rel. No. 3221 (June 9 See Political Contributions by Certain Commission, 100 F Street NE., 22, 2011) [76 FR 42950 (July 19, 2011)] (‘‘Municipal Investment Advisers: Ban on Third-Party Advisor Addition Release’’). The Commission Solicitation; Extension of Compliance Date, Washington, DC 20549–8549. adopted final rules with respect to the registration Investment Advisers Act Rel. No. 3418 (June 8, tkelley on DSK3SPTVN1PROD with RULES SUPPLEMENTARY INFORMATION: The of municipal advisors on September 20, 2013. See 2012) [77 FR 35263 (June 13, 2012)] (‘‘Extension Commission adopted rule 206(4)–5 [17 Registration of Municipal Advisors, Exchange Act Release’’). Release No. 70462 (Sept. 20, 2013) [78 FR 67468 10 The final date on which a municipal advisor CFR 275.206(4)–5] (‘‘Pay to Play Rule’’) (Nov. 12, 2013)] (‘‘Municipal Advisor Registration must file a complete application for registration was under the Investment Advisers Act of Release’’). October 31, 2014. See Municipal Advisor 1940 [15 U.S.C. 80b] to prohibit an 6 See 17 CFR 275.206(4)–5(f)(9). Registration Release at section V. investment adviser from providing 7 See Pay to Play Release at section III. 11 See the Extension Release. VerDate Sep<11>2014 17:34 Jun 30, 2015 Jkt 235001 PO 00000 Frm 00008 Fmt 4700 Sfmt 4700 E:\FR\FM\01JYR1.SGM 01JYR1


Document Created: 2015-12-15 13:19:07
Document Modified: 2015-12-15 13:19:07
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionRules and Regulations
ActionCorrecting amendments.
DatesThis correction is effective July 1, 2015.
ContactLinda Cullen, Office of the Secretary at (202) 551-5400.
FR Citation80 FR 37537 
RIN Number3235-AL39
CFR AssociatedReporting and Recordkeeping Requirements and Securities
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