| (a) Scope. This chapter covers filings and fees required
to be paid in connection with the issuance of an authorization to
offer and sell federal covered securities.
(b) Availability of a corresponding state exemption.
Except as otherwise provided herein, the filing and fee requirements
detailed in this chapter do not apply to federal covered securities
that are exempt from registration pursuant to the Exemptions Sections,
or by Board rule pursuant to the Texas Securities Act, §4005.024.
Transactions in federal covered securities may be exempt under any
other Board rule or section of the Texas Securities Act; however,
nothing in this chapter shall act as an election. Should for any reason,
the offer and sale of federal covered securities fail to comply with
all of the conditions in this chapter, a person may claim the availability
of any other applicable exemption. A person, claiming an exemption
outside this chapter, must comply with all conditions associated with
that exemption.
|
| Source Note: The provisions of this §114.1 adopted to be effective April 8, 1997, 22 TexReg 3219; amended to be effective April 5, 1998, 23 TexReg 3431; amended to be effective April 7, 2024, 49 TexReg 2063 |
