January 8, 1991
TO: STATE SECURITIES MEMBERS NO. 4-91
UNIT INVESTMENT TRUST MEMBERS NO. 1-91
RE: MICHIGAN REVISES FORMS FOR CLAIMING BLUE CHIP EXEMPTION
OR FOR REPORTING SALES
__________________________________________________________
The Michigan Corporation and Securities Bureau has amended
Form C&S 8500, their Notice of Intention to Sell Securities,
which is the required filing for funds or trusts claiming the
blue chip exemption in Michigan. The purpose of this revised
form is that it allows applicants to designate the expiration
date of the current period for exemption, thus ensuring the use
of a full year term. (Previously, the effective date for renewal
of the exemption was the date the notice was received by the
Securities Bureau.) This notice, like its predecessor, includes
a consent to service and undertaking and is effective for one
year.
In addition, the Securities Bureau has adopted a new sales
reporting form, Form C&S 8421. This form must be annually
submitted by funds or trusts registering their securities that do
not pay the maximum registration fee of $1,250. The uniform
form, Form USR-1, will no longer be accepted by the Bureau.
The two revised forms are attached.
Susan S. Burgess
Legal Assistant
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