A JOINT RESOLUTION TO APPROVE REGULATIONS OF THE ATTORNEY GENERAL, RELATING TO SECURITIES EXEMPTIONS, DESIGNATED AS

Senate Bill S 576 is a joint resolution that approves new regulations proposed by the Attorney General. These regulations, designated as Regulation Document Number 5365, update and amend existing rules regarding exemptions from securities registration requirements. The changes directly affect entities involved in securities offerings, advisers to certain private funds, and merger and acquisition brokers. Specifically, the regulations will clarify when these groups are exempt from registering their activities, including offerings relying on S.C. Code Ann Section 35-1-202(2).