NASAA Statements of Policy

The Securities Division subscribes to the Statements of Policy adopted by the North American Securities Administrators Association, Inc. (NASAA) relating to the registration of securities in Arizona except where in conflict with a state rule or regulation. The Statements of Policy are printed in CCH NASAA Reports.
  
[Letter from Corporation Commission to CCH, dated 11-27-84.]
 
 
 
 
This substantive policy statement is advisory only.  A substantive policy statement does not include internal procedural documents that only affect the internal procedures of the agency and does not impose additional requirements or penalties on regulated parties or include confidential information or rules made in accordance with the Arizona administrative procedure act.  If you believe that this substantive policy statement does impose additional requirements or penalties on regulated parties you may petition the agency under section 41‑1033, Arizona Revised Statutes, for a review of the statement.