Md. Code Regs. 02.02.03.04 - Quarterly Reports on Registered Securities
A. Except as provided in §B, of this regulation, so long as a registration statement covering securities registered by notification or qualification is effective, the person who filed the registration statement shall file quarterly reports which shall keep reasonably current the information contained in the registration statement and disclose the progress of the offering, (see form SRQ-1, which is annexed hereto), and in addition, the reports shall contain a list of persons who have purchased securities within that given monthly period. This shareholder list shall include the name, the address and the telephone number of the purchaser and the number of units, shares, or beneficial interests purchased and the date of the purchase.
B. When an offering of securities registered by notification or qualification has been completed, the person who filed the registration statement may be relieved of the necessity of filing further reports pursuant to §A, of this regulation, by notifying the Commissioner in writing of the fact that the offering has been completed, and by submitting a final shareholder list and status of the offering report.
C. The quarterly reports required by §A, of this regulation, shall be filed with the Division of Securities within 7 days from the end of each quarterly period.
D. The Securities Commissioner may, by rule or order, further modify, condition, withdraw, or waive the conditions of this regulation when he deems it in the public interest.
Notes
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