Shelf registrations 

Effective June 18, 1991, issuers of securities pursuant to Securities and Exchange Commission Rule 415 relating to shelf registrations who desire to register those securities by qualification in Arizona are required to file a single Form U-1 with the Division at the time of filing the initial application with the SEC. Upon completion of the Division’s examination of the filing and resolution of issues raised, and upon SEC effectiveness, an Order of Effectiveness will be issued by the Division. The registration will remain effective for one year from the date of effectiveness and may be renewed upon timely application by the issuer.
 
The Division’s former policy requiring the separate registration of each “takedown” from the “shelf” is hereby rescinded.
  
[Policy Statement, Arizona Corporation Commission, Securities Division, 8-22-91.]
 
 
 
 
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.