Less than four months remain before the July 1, 2008 deadline for all franchisors to have rewritten their disclosure documents to incorporate the changes required by the new Rule. The North American Securities Administrators Association (NASAA) has distributed proposed new registration and disclosure guidelines for public comment. The proposed disclosure requirements are the same as those in NASAA's Interim Guidelines. California, Minnesota and Virginia have officially adopted the new FTC Rule. In addition, Rhode Island has announced that all filings must be made electronically.
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