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First Regular Session | 75th General Assembly
Colorado General Assembly
HB18-1388

Exempt Reqmnt Register Security If Notice Filing

Type Bill
Session 2018 Regular Session
Subjects
Financial Services & Commerce

Concerning an exemption from the requirement to register a security if the security is subject to a notice filing as permitted under federal law.

Bill Summary:

Securities - registration statement exemption - mutual fund offerings - notice filing. 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 act eliminate the registration requirement, and section 3 substitutes a notice filing requirement. The notice is valid for 12 months, must be accompanied by a fee established by the securities commissioner, and can be renewed.


(Note: This summary applies to this bill as enacted.)

Prime Sponsors

Representative Alec Garnett

Representative

Alec Garnett

Senator Jack Tate

Senator

Jack Tate

Committees

House

Finance

Senate

Finance

Status

Became Law

Introduced

Passed

Became Law

Related Documents & Information

Date Version Documents
05/29/2018 Signed Act PDF
05/14/2018 Final Act PDF
05/03/2018 Rerevised PDF
05/02/2018 Revised PDF
04/27/2018 Reengrossed PDF
04/26/2018 Engrossed PDF
04/12/2018 Introduced PDF
Date Version Documents
06/21/2018 FN2 PDF
04/19/2018 FN1 PDF
Activity Vote Documents
Refer House Bill 18-1388 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 4-0. Vote summary
Hearing Summary
|
Committee Report:  PDF
Activity Vote Documents
Refer House Bill 18-1388 to the Committee of the Whole. The motion passed on a vote of 11-0. Vote summary
Hearing Summary
|
Committee Report:  PDF
Date Calendar Motion Vote Vote Document
05/03/2018 Third Reading BILL
33
AYE
0
NO
2
OTHER
 		Vote record
Date Calendar Motion Vote Vote Document
04/27/2018 Third Reading BILL
64
AYE
0
NO
1
OTHER
 		Vote record
Date Location Action
05/29/2018 Governor Governor Signed
05/14/2018 Senate Signed by the President of the Senate
05/14/2018 Governor Sent to the Governor
05/11/2018 House Signed by the Speaker of the House
05/03/2018 Senate Senate Third Reading Passed - No Amendments
05/02/2018 Senate Senate Second Reading Special Order - Passed - No Amendments
05/01/2018 Senate Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole
04/27/2018 Senate Introduced In Senate - Assigned to Finance
04/27/2018 House House Third Reading Passed - No Amendments
04/26/2018 House House Second Reading Special Order - Passed - No Amendments
04/25/2018 House House Committee on Finance Refer Unamended to House Committee of the Whole
04/12/2018 House Introduced In House - Assigned to Finance
Effective Date Chapter # Title Documents
08/08/2018 280 Exempt Reqmnt Register Security If Notice Filing PDF

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