Applications for Registration by Coordination that are subject to the various NASAA Statements of Policy for Corporate Equity or Direct Participation Program (DPP) securities are eligible to participate in a coordinated review among all the states where registration is desired by the issuer.

Coordinated Equity Review (CR-Equity)
The CR-Equity program is administered by Corporation Finance staff at the Pennsylvania Securities Commission (PSC). For further explanations of review protocol and forms visit CR-Equity, which is maintained by the PSC for various types of coordinated reviews among state securities agencies.

Coordinated Direct Participation Program Review  (CR-DPP)
The CR-DPP program is similar to the CR-Equity and CR-SCOR programs and additional information is available at www.coordinatedreview.org. The CR-DPP site is maintained by the PSC; however, the CR-DPP program and review process are administered by Corporation Finance staff at the Texas State Securities Board.