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RULE §111.2Listed and Designated Securities

(a) Fully listed. As used in the Texas Securities Act, §6.F, "fully listed" includes any security listed or approved for listing upon notice of issuance on an exchange specified in the Act, §6.F, or on an exchange listed in subsection (b) of this section.

(b) Approved exchanges. The Securities Commissioner has approved the following exchanges, by written order, as satisfying the requirements of the Texas Securities Act, §6.F, for eligibility:

  (1) Pacific Stock Exchange;

  (2) Chicago Board Options Exchange.

(c) Warrants for listed securities. In addition to sales made under the Texas Securities Act, §6.F, the Board, pursuant to the Act, §5.T, exempts from the registration requirements of the Act, §7, the offer and sale by the issuer itself, or by a registered dealer, of warrants to purchase securities of the issuer which at the time of sale of the warrants are exempt pursuant to the Act, §6.F.

(d) Recognized and responsible stock exchange. In order to implement the general purposes of the Texas Securities Act declared in §10-1.A to maximize coordination with federal and other states law and administration, particularly with respect to exemptions, the Board hereby defines the term "recognized and responsible stock exchange," as used in the Act, §6.F, not to include any organization which is not registered with the United States Securities and Exchange Commission as a national securities exchange pursuant to the Securities Exchange Act of 1934, §6.

(e) Who may sell. Securities described in the Act, §6.F, may be sold by or through a registered securities dealer acting either as a principal or agent.

(f) National market system of the NASDAQ stock market. The "national market system of the NASDAQ stock market," as used in the Act, §6.F, includes NASDAQ Global Select Market, NASDAQ Global Market, and NASDAQ Capital Market.

Source Note: The provisions of this §111.2 adopted to be effective September 14, 1977, 2 TexReg 3339; amended to be effective February 2, 1983, 8 TexReg 280; amended to be effective October 26, 1983, 8 TexReg 4178; amended to be effective January 7, 1984, 9 TexReg 6473; amended to be effective October 30, 1985, 10 TexReg 4081; amended to be effective November 29, 1989, 14 TexReg 6077; amended to be effective August 23, 1991, 16 TexReg 4349; amended to be effective August 21, 1997, 22 TexReg 7486; amended to be effective January 7, 2007, 32 TexReg 43

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