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TITLE 7BANKING AND SECURITIES
PART 1FINANCE COMMISSION OF TEXAS
CHAPTER 3STATE BANK REGULATION
SUBCHAPTER ASECURITIES ACTIVITIES AND SUBSIDIARIES
RULE §3.1Private Placement of Securities

A state-chartered bank may engage in private placement transactions by acting as broker and bringing together buyers and sellers of privately placed instruments. The term "private placement transactions" means:

  (1) making recommendations regarding the terms and timing of the transaction;

   (2) assisting in the preparation of the financing documents;

  (3) contacting potential institutional investors;

   (4) arranging meetings between the issuer and potential investors; and

   (5) assisting in subsequent negotiations involving these parties.
Source Note: The provisions of this §3.1 adopted to be effective August 19, 1985, 10 TexReg 2542; amended to be effective May 17, 1996, 21 TexReg 3929; amended to be effective September 8, 2022, 47 TexReg 5328

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