Series 53: 4.2.3.5.3. Official Statement Exemption For Certain Limited Offerings

Taken from our Series 53 Online Guide

4.2.3.5.3. Official Statement Exemption for Certain Limited Offerings

A primary offering is exempt from filing an official statement if the new issue is a private placement, sold to no more than 35 sophisticated municipal securities investors. Underwriters of such a private placement will not be required to submit the official statement or any preliminary official statement to EMMA if, no later than the closing date, they submit to EMMA:

Form G-32

and

Contact information, including:

» The underwriter’s mailing address

» The underwriter’s telephone number

» The name and email address of an associated person of the underwriter from whom customers may request the official statement

The underwriter must also agree to deliver the official

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