Requirements and Procedures Relative to Applications for Registration of Securities Under the Revised Securities Act

October 22, 1970REQUIREMENTS AND PROCEDURES RELATIVE TO APPLICATIONS FOR REGISTRATION OF SECURITIES UNDER THE REVISED SECURITIES ACT 1. Procedure:1. The first step that the applicant must do is to accomplish the Registration Statement (SEC Form RSA No. 1). cdrep2. The said Registration Statement duly accomplished must be filed with the Brokers and Exchanges Department (SRLD) in triplicate, the same to be stamped "Received" indicating the date of receipt; and the necessary fee (1/10 of 1% of maximum aggregate price at which securities are proposed to be offered) + 1% legal research fee paid to the Cashier.3. After the payment of the required fee the papers (SEC Form RSA No. 1 with accompanying documents) are sent to an Attorney in the SRLD of the BED for appropriate action.4. The first step that the action attorney will do is to cause the preparation of the Notice and Order for publication, once a week for two consecutive weeks in two newspapers of general circulation at the expense of the applicant.5. After the Notice and Order has been released...