Regulation A Filing Requirements

Regulation A is a federal exemption from registration for public offerings. Regulation A has two offering tiers - Tier 1 and Tier 2. Tier 1 is subject to state qualification while Tier 2 is subject to state notice filing. (Please see the SEC website for Regulation A eligibility).

The Commission staff requires the following filing documents:

  • Filing feeAlabama collects a variable fee: one tenth of one percent of the aggregate offering price of the securities which are to be offered in Alabama, and no less than $100.00 but not to exceed a fee of $1,500.00. Fees should be payable to "Alabama Securities Commission".

    In addition to the variable fee, there a is a $40.00 application fee.

  • Application form (Form U-1 is acceptable)
  • Financial statements
  • A Consent to Service of Process (Form U2)
  • SEC Form 1-A with exhibits
  • A review of the documents may warrant a request for further information

Alabama is a merit state.

Payments should be sent to the following address:

Mailing Address:

P.O. Box 304700
Montgomery, AL 36130-4700

Courier Address:

445 Dexter Avenue, Suite 12000
Montgomery, AL 36104