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How do the issuer and the participating states know the identity of the lead states and when comments are due?

April 26, 2017comments identity issuer lead

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How do the issuer and the participating states know the identity of the lead states and when comments are due?

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As indicated above Pennsylvania has three days to select the lead states. The three (3) day period will begin to run the day after Pennsylvania receives notice on a CER-1 that the issuer is seeking to register its securities under coordinated equity review. Pennsylvania will notify the issuer and the participating jurisdictions to the identity of the lead states and the following dates: (1) date by which participating jurisdictions must submit comments to the lead states, (2) date by which the lead states must submit a draft letter to the commenting jurisdictions, (3) date by which participating jurisdictions must submit changes or corrections to the lead states, and (4) date on which the comment letter is due to the issuer.