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Exempt Reqmnt Register Security If Notice Filing

It became law on May 29, 2018.

CO HB 18-1388 · House Bill · 2018A

Stage
Became law
Started in
House
Sponsors
2
Latest action
May 29, 2018

What it does

Existing law generally requires that, for a person to issue a security, either the security or the person must be exempt or the person must register the security with the securities commissioner. The federal 'National Securities Markets Improvement Act of 1996' (NSMIA) preempts certain provisions of the 'Colorado Securities Act' that require the filing of a registration statement and the collection of fees for mutual fund offerings. NSMIA permits state securities regulators to require only notice filing and the payment of a required fee for mutual fund offerings. Sections 1, 2, and 5 of the bill eliminate the registration requirement, and section 3 substitutes a notice filing requirement.…

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    May 29, 2018

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Where it goes next

Once a bill is decided, the questions are about what is done with it in Colorado.

Work with this bill

Exempt Reqmnt Register Security If Notice Filing | 52