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The Electronic Filing Repository

The Electronic Filing Repository. NASAA ’ s 2011 Corporate Finance Training Seminar. Jack Herstein, NE Department of Banking & Finance Willie Neumann, Willie Neumann Co., LLC. Embassy Suites Florida. Committee Members. NASAA ’ s 2011 Corporate Finance Training Seminar.

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The Electronic Filing Repository

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  1. The Electronic Filing Repository NASAA’s 2011 Corporate Finance Training Seminar • Jack Herstein, NE Department of Banking & Finance • Willie Neumann, Willie Neumann Co., LLC Embassy Suites Florida

  2. Committee Members NASAA’s 2011 Corporate Finance Training Seminar • Jack Herstein, NB Co-Chair • Melanie Lubin, MD Co-Chair • Sue Largman, NJ • Faith Anderson, WA • Heath Absure, AR • Kara Kennedy, TX • Tina Stavro, NASAA Corp • Jason Wolf, NASAA Corp Embassy Suites Florida

  3. Steps to completion NASAA’s 2011 Corporate Finance Training Seminar • Create a RFP • Put project to bid • Review responses • Select Development Partner • Agree upon Design Document • Begin Development process Embassy Suites Florida

  4. Project Developer NASAA’s 2011 Corporate Finance Training Seminar • BNY • Kevin Caravella, BNY • Emmanuel Edi, BNY • Created and supports Blue Express • Functionality similar to Blue Express Embassy Suites Florida

  5. Data NASAA’s 2011 Corporate Finance Training Seminar • Following the XML document format defined by SEC • EFD will provide reporting for states and firms • Export of XML for import into State and 3rd party systems • NASAA will not build connectors to State or 3rd party systems • EFD will provide reconciliation reports for states Omni Jacksonville Florida

  6. Payment NASAA’s 2011 Corporate Finance Training Seminar • Firms will send EFD payments via ACH transactions • States can define frequency of payment • Daily • Weekly • Payments will be deposited in State Accounts with reconciliation reporting • Credit card payment not supported due to transaction fees • Fees will be calculated based on state fee structure Omni Jacksonville Florida

  7. Filing types supported NASAA’s 2011 Corporate Finance Training Seminar • At launch 506 filings supported • Future release contemplates support of 505 filings, but not 504 • Interest from Franchise and Form NF for future support Omni Jacksonville Florida

  8. NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  9. NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  10. NASAA’s 2011 Corporate Finance Training Seminar Filer screens Embassy Suites Florida

  11. NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  12. NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  13. NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  14. NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  15. NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  16. State screens NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  17. NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  18. NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  19. NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  20. NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  21. NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  22. NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  23. NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  24. NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  25. NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  26. NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

  27. Timeline NASAA’s 2011 Corporate Finance Training Seminar • August: testing with pilots and select firms • September: Go live with pilot states and firms • October-November: Rollout for full paticipation Embassy Suites Florida

  28. State Preparation NASAA’s 2011 Corporate Finance Training Seminar • Consider existing rules • Accept electronic filing as filing of record • Accept EFD language in place of U2 requirement Embassy Suites Florida

  29. Questions NASAA’s 2011 Corporate Finance Training Seminar Embassy Suites Florida

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