Section 200.30-1 is amended by:
Revise paragraphs (b)(2) and (3); and
Add paragraph (b)(4).
The revisions and addition read as follows:
§ 200.30-1 Delegation of authority to Director of Division of Corporation Finance.
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(b) * * *
To determine the date and time of qualification for offering statements and amendments to offering statements pursuant to Rule 252(e) (§230.252(e) of this chapter);
To consent to the withdrawal of an offering statement or to declare an offering statement abandoned pursuant to Rule 259 (§ 230.259 of this chapter); and
To deny a Form 1-Z filing pursuant to Rule 257 (§ 230.257 of this chapter).
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PART 230 – GENERAL RULES AND REGULATIONS, SECURITIES ACT OF 1933
The authority citation for part 230 is revised to read in part as follows:
Authority: 15 U.S.C. 77b, 77b note, 77c, 77d, 77f, 77g, 77h, 77j, 77r, 77s, 77z–3,
77sss, 78c, 78d, 78j, 78l, 78m, 78n, 78o, 78o–7 note, 78t, 78w, 78ll(d), 78mm, 80a–8, 80a–24, 80a–28, 80a–29, 80a–30, and 80a–37, and Pub. L. No. 112-106, sec. 201(a), sec.
401, 126 Stat. 313 (2012), unless otherwise noted.
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In § 230.157, paragraph (a) is revised to read as follows:
§ 230.157 Small entities under the Securities Act for purposes of the Regulatory Flexibility Act.
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(a) When used with reference to an issuer, other than an investment company, for purposes of the Securities Act of 1933, mean an issuer whose total assets on the last day of its most recent fiscal year were $5 million or less and that is engaged or proposing to engage in small business financing. An issuer is considered to be engaged or proposing to engage in small business financing under this section if it is conducting or proposes to conduct an offering of securities which does not exceed the dollar limitation prescribed by section 3(b)(1) of the Securities Act.
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Sections 230.251 through 230.263 are revised to read as follows:
Sec.
Scope of exemption.
Offering statement.
Offering circular.
Preliminary offering circular.
Solicitations of interest and other communications.
Definition of “qualified purchaser”.
Periodic and current reporting; exit report.
Suspension of the exemption.
Withdrawal or abandonment of offering statements.
Insignificant deviations from a term, condition or requirement of Regulation A.
Definitions.
Disqualification provisions.
Consent to service of process.
§ 230.251 Scope of exemption.