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