Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 1 - FINANCE COMMISSION OF TEXAS
Chapter 3 - STATE BANK REGULATION
Subchapter A - SECURITIES ACTIVITIES AND SUBSIDIARIES
Section 3.1 - Private Placement of Securities
Universal Citation: 7 TX Admin Code ยง 3.1
Current through Reg. 49, No. 38; September 20, 2024
A state-chartered bank may engage in private placement transactions by acting as broker and bringing together buyers and sellers of privately placed instruments. The term "private placement transactions" means:
(1) making recommendations regarding the terms and timing of the transaction;
(2) assisting in the preparation of the financing documents;
(3) contacting potential institutional investors;
(4) arranging meetings between the issuer and potential investors; and
(5) assisting in subsequent negotiations involving these parties.
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