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Bill > HB1440

MS HB1440

MS HB1440
Securities registration filings; revise certain provisions regarding fees.

summary

Introduced
02/17/2020
In Committee
05/11/2020
Crossed Over
03/09/2020
Passed
06/18/2020
Dead
Signed/Enacted/Adopted
06/25/2020

Introduced Session

2020 Regular Session

Bill Summary

An Act To Amend Section 75-71-305, Mississippi Code Of 1972, To Remove The Requirement That A Person Filing A Posteffective Amendment To Increase The Number Of Securities Specified To Be Offered Or Sold Shall Pay A Registration Fee With Respect To The Additional Securities Proposed To Be Offered; To Amend Section 75-71-310, Mississippi Code Of 1972, To Provide That The Initial Filing Fee For A Notice Filing With Respect To A Federal Covered Security Is $1,000.00; To Provide That The Filing Fee For A Registration Statement Under Section 75-71-305 Is $1,000.00; To Remove The Filing Fee For An Amendment To A Registration Statement To Register Additional Securities; To Provide That The Fee For Any Renewal Required Under This Chapter Or Rule Of The Administrator Is $300.00; To Provide That The Fee For Filing A Notification Of Completion, Termination, Or Withdrawal Of An Offering Required Under This Chapter Or Rule Of The Administrator Is $50.00; And For Related Purposes.

AI Summary

This bill amends the Mississippi Code to revise certain provisions regarding fees for securities registration filings. Key changes include: 1) Removing the requirement for a person filing a posteffective amendment to increase the number of securities offered or sold to pay an additional registration fee for the additional securities. 2) Providing that the initial filing fee for a notice filing with respect to a federal covered security is $1,000.00, and the filing fee for a registration statement under Section 75-71-305 is also $1,000.00. 3) Removing the filing fee for an amendment to a registration statement to register additional securities. 4) Establishing a $300.00 fee for any renewal required under the chapter or rules of the administrator, and a $50.00 fee for filing a notification of completion, termination, or withdrawal of an offering. The bill is intended to update and streamline the fee structure for securities registration filings in Mississippi.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Approved by Governor (on 06/25/2020)

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