NASAA's Electronic Filing Depository Reaches Milestone

The North American Securities Administrators Association ("NASAA") announced that its new Electronic Filing Depository ("EFD") has been used to facilitate more than 10,000 notice filings with state securities regulators since its launch less than eight months ago.

EFD is an online system that allows issuers to submit a Form D for Regulation D, Rule 506 offerings to state securities regulators, as well as pay related fees. The EFD Web site also enables the public to search and view Form D filings made with state securities regulators through EFD.

Although the EFD system currently is limited to Form D filings, NASAA reported that it is considering the expansion of the online system to include additional state registration and notice filing materials.

See: NASAA Press Release.