What standards of review are utilized in coordinated equity review?
The NASAA statements of policy relating to offerings of equity securities provide the substantive standards for review of offerings where the issuer has elected to participate in coordinated review. A particular NASAA statement of policy may set forth limitations or thresholds that an offering must meet or it may require that specific disclosures appear in the prospectus. In making the decision as to whether to utilize coordinated equity review, the issuer should consider whether the offering complies with the NASAA statements of policy.
