Registration by Qualification

(A) A person who is registering a security by qualification shall file with the Director Forms U-1 and U-2 (with U-2A, if applicable), and any one of the following: A registration statement containing the information set forth in M.G.L. c. 110A, § 303(b). An offering statement which meets the requirements set forth in SEC Regulation A, Rule 252(a) (17 CFR 230.252(a)). (3) A registration statement on Form U-7, the Small Company Offering Registration Form. A registration statement filed under 950 CMR 13.303(A) becomes effective when the Secretary so orders. Except as otherwise provided for in these Rules, anyone offering securities registered pursuant to M.G.L. c. 110A, § 303 shall deliver a prospectus, offering circular or disclosure document to each person to whom an offer is made before or concurrently with any subscription agreement or contractual commitment to purchase the security. This document must conform to that filed with the registration or offering statement.