The Securities and Charities Division of The Office of the Secretary of State has adopted an amendment to Rule 590-4-2-.08, the Invest Georgia Exemption, to reflect changes implemented by the Securities and Exchange Commission. The SEC changes are designed to modernize the intrastate offering exemption of Section 3(a)(11) of the Securities Act of 1933 by updating the Rule 147 safe harbor and introducing a new exemption, Rule 147A.

The purpose of the Division’s amendment is to facilitate greater investment through the offer or sale of a security by an issuer by providing greater flexibility to those seeking to use IGE to facilitate investment and entrepreneurial activities within Georgia. Additionally, the amendment to IGE is intended to reduce the regulatory impact of the SEC’s amendment on existing and future issuers of securities.  This amendment is EFFECTIVE as of  July 11, 2017.