Tuesday, December 09, 2008

Vermont 506 Offering Rule Adopted to Accommodate Electronic Form D

Vermont's 506 offering rule was adopted, effective January 1, 2009, to accommodate electronic Form D that issuers have the option of filing electronically through March 15, 2009 but will be required to file electronically with EDGAR starting March 16, 2009.

NOTE: The notice filing requirements do not apply to 506 offerings sold between July 1, 2006 and December 31, 2008 UNLESS additional sales of a 506 offering take place on or after January 1, 2009. Any 506 offerings sold on or after January 1, 2009 are subject to all of the 506 notice filing requirements.

See here for more details.