April 19, 1990
TO: STATE SECURITIES MEMBERS NO. 11-90
UNIT INVESTMENT TRUST MEMBERS NO. 22-90
RE: NEW HAMPSHIRE AMENDS LEGEND REQUIREMENT
__________________________________________________________
As we previously informed you, New Hampshire enacted
legislation, effective January 1, 1990 that required a non-
uniform legend to be included on the cover page of every
prospectus of public offerings, including mutual funds and unit
trusts, offered in New Hampshire. (See Memorandum to State
Securities Members No. 32-89, Unit Investment Trust Members No.
48-89, dated September 26, 1989.)
We are pleased to inform you that as a result of the
Institute's efforts, legislation amending the legend requirement
has been enacted, effective April 13, 1990. The amendment
provides that the legend approved by the North American
Securities Administrators Association, Inc. ("NASAA") shall be
included in the prospectus of public offerings. The NASAA legend
is as follows:
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY
THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE
SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE
COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON
THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY
REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
A copy of New Hampshire House Bill No. 1106 is attached.
Patricia Louie
Assistant General Counsel
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