For filing and fee requirements relating to covered securities as defined by section 18 of the Securities Act of 1933, see the following Arizona statutes:
The following statutes and rules provide exemptions from registration requirements for securities transactions in compliance with the relevant statute or rule.  For interpretive guidance, see no-action letters issued by the Securities Division.  For additional information regarding exemptions, see Raising Capital.
Exemptions with filing and fee requirements:
  • A.R.S. § 44-1843(A) exempts specified types of securities from securities registration requirements.  Self-executing, except that subsection (B) requires that a fee be filed within thirty days after the first sale in Arizona of some of the types of securities.  With respect to securities exempt pursuant to A.R.S. § 44-1843(A)(1) (securities issued or guaranteed by governmental agencies), A.R.S. § 44-1843.01(B) imposes additional filing requirements on five categories of securities defined in A.R.S. § 44-1843.01(A).
  • A.R.S. § 44-1844(A)(21): Regulation D, Rule 504 Sophisticated Investor exemption. Notice filing required. No fee.
  • A.A.C. R14-4-101:  an issuer aggregate of $500,000 to existing stockholders and employees.  See also A.A.C. R14-4-123 for financial information requirements.  $100.00 fee [A.A.C. R14-4-101(E)].
  • A.A.C. R14-4-102:  an issuer aggregate of $100,000 to not more than ten persons.  See also A.A.C. R14-4-123 for financial information requirements.  $100.00 fee [A.A.C. R14-4-102(E)].
  • A.A.C. R14-4-126:  federal Regulation D, rules 505 and 506, equivalent.  R14-4-126(F) is the safe harbor for private placements pursuant to A.R.S. § 44-1844(A)(1).  $250.00 initial fee; $100.00 final fee [A.A.C. R14-4-126(D)(7)].
  • A.A.C. R14-4-135:  a transation effective with the SEC on Form F-7, F-8, F-9, or F-10.  $100.00 fee [A.A.C. R14-4-135(2)].
  • A.A.C. R14-4-139:  public offerings for qualified purchasers.  This exemption is available only for offerings exempt from federal registration pursuant to the intrastate exemption or 17 CFR 230.1001.  $100.00 fee [A.A.C. R14-4-139(N)].
  • A.A.C. R14-4-140:  accredited investor offering in compliance with federal Regulation D, rule 504.  $100.00 fee [A.A.C. R14-4-140(L)].
  • A.A.C. R14-4-141:  solicitation of interest prior to the filing of a registration statement.  $100.00 fee [A.A.C. R14-4-141(B)(3)].
  • A.A.C. R14-4-148:  transactions effected by Canadian dealers and salesmen.  $100.00 fee [A.A.C. R14-4-148(F)(3)].
Self-Executing Exemptions:  Self-executing exemptions contain no filing or fee requirement.
  • A.R.S. § 44-1844(A) exempts specified types of transactions from securities registration requirements.
  • A.A.C. R14-4-136:  an offering that satisfies the requirements of federal rule 701.