Securities Division

Registration of Securities

Applications for registration will be processed in accordance with A.A.C. R14-4-146.

Registration by Qualification

A.R.S. § 44-1891 through § 44-1900; A.A.C. R14-4-103 through R14-4-120

Required Forms:

Other Documents Required: 

1. Registration Statement/Prospectus.
2. Charter/organization documents.
3. Indenture.
4. Underwriting agreement.
5. Opinion of counsel.
6. Specimen certificate.

Filing Fees:

One-tenth of one percent of the aggregate offering price of the securities to be sold in Arizona, with a minimum fee of $200.00 and a maximum fee of $2000.00 [A.R.S. § 44-1892].

Coordinated Review-Equity:

Arizona participates in a coordinated state registration procedure for issuers seeking to sell equity securities.  Additional information may be found online at http://www.coordinatedreview.org/cr-equity.html.   

Issuer Dealer Registration:

Required if issuer is not offering the securities through a registered dealer.

ULOR/SCOR

A.R.S. § 44-1902 and A.A.C. R14-4-134 

Arizona Uniform Limited Offering Registration allows corporations to raise up to $5 million in any twelve month period through the sales of stock and/or debt to the public in Arizona.  Issuers engaging in these types of offerings generally rely upon Regulation A or Regulation D, Rule 504, at the federal level.

Required Forms:

• Form U-1, Form U-2, Form U-2A, and Form U-7

Other Documents Required: 

1. Charter/organization documents.
2. Indenture.
3. Underwriting agreement.
4. Opinion of counsel.
5. Specimen certificate.

Filing Fees:

$250.00 [A.R.S. §§ 44-1861(N), 44-1902(B)(6), A.A.C. R14-4-134(F)].

SCOR-West:

Arizona participates in the SCOR-West program, which provides a uniform state registration procedure designed to coordinate the blue-sky registration process in certain western states.  This program is administered by the Washington State Department of Financial Institutions.  Information regarding this program is available online at http://www.dfi.wa.gov/sd/scorwest.htm. 

Issuer Dealer Registration:

Required if issuer is not offering the securities through a registered dealer.

Important Links

Arizona Securities Rules