CO HB1388

Creates a new exemption from Colorado security registration requirements for federal covered securities that have a notice filing made under federal law (Section 11-51-301)

Establishes a new notice filing process in Section 11-51-304.5 requiring issuers to file Form NF with the Colorado securities commissioner before initial offer of federal covered securities, along with a notice filing fee determined by the commissioner

Notice filings are effective for twelve months from filing date and may be renewed by filing another Form NF and paying a renewal fee before expiration

Repeals the exemption previously available under Section 11-51-307(1)(k) for securities issued by open-end management investment companies and unit investment trusts

Securities commissioner may issue a stop order if notice filing or fee requirements are not met, but the stop order becomes void if deficiencies are corrected with no penalty imposed