Ch. 533

LAWS OF MARYLAND

(5)  The Commissioner by rule or otherwise may waive
either or both of the conditions specified in paragraphs (1) (ii)
and (iii) of this subsection.

(6)  If the federal registration statement becomes
effective before all the conditions in this subsection are
satisfied and they are not waived, the registration statement
automatically becomes effective as soon as all the conditions are
satisfied. If the registrant advises the Commissioner of the date
when the federal registration statement is expected to become
effective, the Commissioner promptly shall advise the registrant
by telephone or telegram, at the expense of the registrant,
whether all the conditions are satisfied and whether he then
contemplates the institution of a proceeding under §§ 11-511
through 11-513 of this subtitle, but this advice by the
Commissioner does not preclude the institution of the proceeding
at any time.

(d) (1) Any security for which the documents required by
any regulation adopted by the Securities and Exchange Commission
under § 3(b) or § 3(c) of the Securities Act of 1933 have been
filed with the Commission in connection with the same offering
may be registered by coordination on compliance with subsections
(b) and (c) of this section in the manner the Commissioner by
rule or order may prescribe.

(2) For purposes of this subsection, the terms
"federal registration statement" and "federal prospectus" include
the documents, including the offering circular, if any, which may
be filed with the Securities and Exchange Commission in
accordance with any such regulation.

(E) THE COMMISSIONER BY RULE OR ORDER MAY WAIVE OR MODIFY
THE APPLICATION OF A REQUIREMENT OF THIS SECTION IF A PROVISION
OR AN AMENDMENT, REPEAL OR OTHER ALTERATION OF THE PROVISIONS OF
THE SECURITIES ACT OF 1933, OR THE REGULATIONS ADOPTED UNDER THAT
ACT, RENDER THE WAIVER OR MODIFICATION APPROPRIATE FOR FURTHER
COORDINATION OF STATE AND FEDERAL LAW.

11-506.

(a)   [Every] EXCEPT AS PROVIDED IN § 11-510.1 OF THIS
SUBTITLE, EVERY person filing a registration statement shall pay
a filing fee of 0.1 percent of the maximum aggregate offering
price at which the registered securities are to be offered in
this State, but the fee may not be in any case less than $100 or
more than $500.

(b)  Every person required to submit a filing pursuant to
any exemption granted under this title shall pay a fee of $100
for each filing.

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