[Federal Register Volume 82, Number 38 (Tuesday, February 28, 2017)]
[Rules and Regulations]
[Page 12067]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-03848]
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SECURITIES AND EXCHANGE COMMISSION
17 CFR Part 230
[Release Nos. 33-10238A; 34-79161A; File No. S7-22-15]
RIN 3235-AL80
Exemptions To Facilitate Intrastate and Regional Securities
Offerings
AGENCY: Securities and Exchange Commission.
ACTION: Final rule; technical correction.
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SUMMARY: This document makes a technical correction to one of the final
regulations (SEC Rel. No. 33-10238) published in the Federal Register
on November 21, 2016 (81 FR 83494). Specifically, the amendments to
Rule 504 of Regulation D under the Securities Act of 1933 inadvertently
omitted the word ``or'' from the last sentence of the rule; this
correction is reflected in the text of the amendments below.
DATES: This correction is effective February 28, 2017.
FOR FURTHER INFORMATION CONTACT: Anthony G. Barone, Special Counsel, or
Jenny Riegel, Special Counsel, Division of Corporation Finance, at
(202) 551-3460.
SUPPLEMENTARY INFORMATION: We are making a technical correction to Rule
504 \1\ of Regulation D \2\ under the Securities Act of 1933.
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\1\ 17 CFR 230.504.
\2\ 17 CFR 230.500 through 230.508.
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List of Subjects in 17 CFR Part 230
Reporting and recordkeeping requirements, Securities.
Text of the Amendments
For the reasons set out above, title 17, chapter II of the Code of
Federal Regulations is amended as follows:
PART 230--GENERAL RULES AND REGULATIONS, SECURITIES ACT OF 1933
0
1. The general authority citation for part 230 continues to read 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. 112-106, sec. 201(a), sec. 401, 126
Stat. 313 (2012), unless otherwise noted.
* * * * *
0
2. Amend Sec. 230.504 by revising paragraph (b)(2) to read as follows:
Sec. 230.504 Exemption for limited offerings and sales of securities
not exceeding $5,000,000.
* * * * *
(b) * * *
(2) The aggregate offering price for an offering of securities
under this Sec. 230.504, as defined in Sec. 230.501(c), shall not
exceed $5,000,000, less the aggregate offering price for all securities
sold within the twelve months before the start of and during the
offering of securities under this Sec. 230.504 or in violation of
section 5(a) of the Securities Act.
* * * * *
Dated: February 22, 2017.
Brent J. Fields,
Secretary.
[FR Doc. 2017-03848 Filed 2-27-17; 8:45 am]
BILLING CODE 8011-01-P