State Investment Adviser
NOTICE TO STATE-REGISTERED INVESTMENT ADVISERS – New Hampshire Bureau of Securities Regulation will not be requiring state-registered investment advisers to submit the new federal disclosure form, Form CRS. Investment advisers are still required to submit and update Form ADV, Part 2 and provide copies to clients.
Please refer to the following notice from the Bureau Staff regarding Federal Covered Investment Advisers under the New Hampshire Securities Act: Investment Advisers Under New Hampshire Law
State IA Application
State IA Filing Requirements
Federal Investment Adviser
Please refer to the following notice from the Bureau Staff regarding Federal Covered Investment Advisers under the New Hampshire Securities Act:
Investment Advisers Under New Hampshire Law
Federal IA Notice Filing
Federal IA Filing Requirements
Registration of Securities
Private Placements
Notice Filings
Public Offering
Other Exemptions
Forms
The following FORMS are available in .pdf format. PDF documents can be viewed and printed by utilizing the Acrobat Reader. The Reader may be downloaded and installed at no cost by clicking here.
Forms followed by * may be filled out on your computer before printing by: (1) waiting for the form to finish loading completely, (2) clicking on the "hand" button on the Acrobat toolbar to activate Edit mode and (3) utilizing the mouse to move between fields and to select check boxes.
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New Hampshire Securities Act
The Revised New Hampshire Uniform Securities Act
On July 27, 2015, Gov. Maggie Hassan signed into law a new version of the New Hampshire Uniform Securities Act, which goes into effect on January 1, 2016. The new Act is based on the Uniform Securities Act of 2002, the most recent uniform securities act drafted by the National Conference of Commissioners on Uniform State Laws (NCCUSL).
The new Act contains several key changes from the current securities act. These include:
Elimination of licensing requirements for issuer-dealers and issuer-dealer agents
Elimination of renewal fees for Regulation D, Rule 506 offerings
Elimination of filing of final sales reports for Regulation D, Rule 506 offerings
Elimination of filing requirements for the transactional exemption in connection with a merger/reorganization
An expanded limited offering exemption allowing issuers to sell securities to up to 25 purchasers in any twelve-month period (subject to limitations on general solicitation, payment of commissions, and purchase for investment purposes)
Bad actor disclosure requirements for issuers of securities
The Bureau considers these changes to be advantageous to firms seeking to raise capital in New Hampshire while also continuing to provide strong protections for New Hampshire investors.
Important Notice Regarding Interpretive and Other Orders
Securities Division Notices and Cases of Interest
NOTICE TO STATE-REGISTERED INVESTMENT ADVISERS – New Hampshire Bureau of Securities Regulation will not be requiring state-registered investment advisers to submit the new federal disclosure form, Form CRS. Investment advisers are still required to submit and update Form ADV, Part 2 and provide copies to clients.
Local Government Center
Investigation of Financial Resources Mortgage, Inc.
Securities Regulation For Investors
Corporation, UCC and Securities