Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 7 - STATE SECURITIES BOARD
Chapter 113 - REGISTRATION OF SECURITIES
Section 113.13 - Multijurisdictional Disclosure System-MJDS Offerings

(a) This section shall apply to the Registration by Coordination in Texas of securities registered with the SEC in accordance with the multijurisdictional disclosure system (MJDS) adopted in SEC Release Number 33-6902.

(b) For purposes of the sections in the Act concerning Registration by Coordination, MJDS offerings filed on SEC Form F-7, Form F-8, or Form F-10, shall become effective the later of three days after filing, or the effective date with the SEC, as long as the application for registration is filed contemporaneously with the SEC registration application in accordance with subsection (b) of § 113.2 of this title (relating to Registration by Qualification or Coordination).

(c) Financial statements and financial information for offerings filed under subsection (b) of this section shall comply with instructions provided with SEC Form F-7, Form F-8, or Form F-10.

(d) In a rights offering, SEC Form F-7 will be accepted in lieu of any state form required to claim an exemption for any transaction pursuant to an offer to existing securities holders.

(e) After the SEC has declared effective an issuer's Form F-8 or Form F-10 registration statement, a non-issuer transaction in any class of the issuer's securities is exempt from registration, whether or not the transaction is effected through a broker-dealer.