18 NCAC 06A .2031          CONTENTS OF FORM NCFP

The Form NCFP shall include:

(1)           all information that the funding portal is required to provide under G.S. 78A-17.1(a)(9)c, including:

(a)           the funding portal's legal identity;

(b)           the funding portal's physical location;

(c)           the name and address of the funding portal's registered agent;

(d)           the identity of the individual responsible for filing updates to the funding portal's Form NCFP;

(e)           the identity of its officers, directors, or any persons occupying a similar status or performing a similar function; and

(f)            the funding portal's website address (URL);

(2)           the funding portal's attestations required under Rule .2032 of this Section;

(3)           a description of how the funding portal will safeguard the investment funds in the escrow account if its registration expires or it no longer intends to do business in North Carolina;

(4)           the identity of the escrow agent that the funding portal intends to use to hold investor funds;

(5)           a sample escrow agreement that is compliant with Rule .2019 of this Section; and

(6)           all contracts between the funding portal and its service providers, banks, or depository institutions governing the administration of investor funds.


History Note:        Authority G.S. 78A-17.1(a)(5); 78A-17.1(f); 78A-49(a); 78A-49(d); 78A-64; S.L. 2016-103, s.4.(a);

Eff. April 1, 2017.