Public Offering

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    Public Offerings under New Hampshire RSA 421-B 

    Registration by Coordination.  For an offering where a registration statement has been filed with the Securities & Exchange Commission (SEC), a coordination filing may be made with the Bureau under RSA 421-B:13.  For general conditions for registration, please refer to RSA 421-B:15.  For fees, please refer to RSA 421-B:31

    Registration by Qualification.  For any other offering, a qualification filing should be made with the Bureau under RSA 421-B:14.  For general conditions for registration please refer to RSA 421-B:15.  For fees, please refer to RSA 421-B:31

    Coordinated Equity Review (CER).  For issuers registering securities in New Hampshire by coordination under RSA 421-B:13 and also intending to register with other states, there is a program called Coordinated Equity Review (CER), of which New Hampshire is a participant.  The issuer only has to deal with one state (the "lead state") during the review process, versus dealing with all the states with which it intends on registering securities.  All the states who participate in the CER provide their comments to the lead state, who in turn creates a multi-state comment letter for response from the issuer.  For further information following the links below.

    New England Regional Review.  For issuers registering its securities by qualification in New Hampshire under RSA 421-B:14, particularly those contemplating Regulation A or Regulation D, Rule 504 of the Securities Act of 1933 and also intending on registering with other New England states, there is a program called the New England Regional Review (NERR), of which New Hampshire is a participant.  The issuer has to deal with one state (the "lead state") during the review process, versus dealing with all of the New England states with which it intends on registering securities.  All the states who participate in the NERR provide their comments to the lead state, who in turn creates a multi-state comment letter for response from the issuer.

    Other Public Offerings.  May require only a notice filing with the Bureau (see Notice Filings).

    Questions regarding Public Offerings under RSA 421-B should be directed to the Bureau of Securities Regulation at (603) 271-1463.