The Securities Division intends to amend the exempt transactions rules in WAC 460-44A-300, 460-44A-503, and 460-44A-504 to make ministerial updates. WAC 460-44A-300 follows NASAA’s Model Accredited Investor Exemption and exempts from securities registration offerings made pursuant to Section 3(b) of the Securities Act of 1933. It has not been updated since Section 3(b) was amended by the JOBS Act of 2012 and the SEC amended its rules thereunder in Regulation A. In addition, WAC 460-44A-504 exempts small offerings that are made pursuant to SEC Rules 147 or 504 and has not been updated since the SEC created a new intrastate offering exemption in Rule 147A. Finally, while the SEC repealed Rule 505 of Regulation D in 2017 and the Division previously repealed its own corresponding exemption in WAC 460-44A-505, the filing requirements set forth in WAC 460-44A-503 and the disqualification provision in WAC 460-44A-504 continue to reference WAC 460-44A-505.