District of Columbia-Only Securities Offerings Exemption
On this page, you will find information related to the D.C. Department of Insurance, Securities and Banking’s District of Columbia-Only Securities Offerings Exemption.
The rule establishes an exemption from the District’s securities registration requirements in order to encourage capital formation and simplify investing in D.C.-based businesses (including start-ups and small businesses). To qualify for the exemption, the business must be organized under D.C. law and have its principal place of business in the District, and the securities in the offering must be offered only to D.C. residents. This method of funding (up to $2 million) must be in compliance with the limitations on intrastate offerings under the federal Securities Act of 1933 and the implementing regulation.
The language of the Rule can be found in the Notice of Final Rulemaking – published October 24, 2014 in the D.C Register. The notice is available here.
Instructions and Forms
- Bulletin 14-SB-01-10/24: District of Columbia-Only Securities Offerings Exemption – Filing Procedures
- DC-Only Securities Offerings Exemption Form (DISB Form DC EO-1) [PDF]
- DC-Only Securities Offerings Exemption - Background Check Form (DISB Form DC EO-2) [PDF]
Requests for additional information or questions regarding the filing procedures may be directed to: J. “Mike” McManus, Assistant Director, DISB’s Corporation Finance Division at: James.McManus@DC.gov or (202) 442-7826.