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Group Seeks Comments on Proposed Guidelines



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It’s time for the franchising industry to weigh in.

The board of NASAA, North American Securities Administrators Association, is seeking public input on a proposed multi-unit commentary related to state franchise disclosure laws.

The idea is to provide “practical guidance,” the organization says, for disclosing “certain multi-unit franchising arrangements that have become common in franchising” but are not specifically addressed under earlier guidelines.

The comment period is now through November 15, 2013. View the proposal at www/nasaa.org/regulatory-activity/nasaa-proposals/.

The proposed commentary describes three multi-unit franchising structures, and notes there are no universally accepted terms for the structures within the industry. The NASAA group recommends franchisors use the terms adopted in the commentary.

 

 

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Tom KaiserTom Kaiser is associate editor of Franchise Times. He can be reached at 612.767.3209, or send story ideas to tkaiser@franchisetimes.com.
 
Beth EwenBeth Ewen is editor-in-chief of Franchise Times. She can be reached at 612.767.3212, or send story ideas to bewen@franchisetimes.com.
 
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Mary Jo LarsonLaura Michaels is managing editor of Franchise Times. She can be reached at 612.767.3210, or send story ideas to lmichaels@franchisetimes.com.
 
Mary Jo LarsonMary Jo Larson is the publisher of Franchise Times Magazine and the Restaurant Finance Monitor.  You can find her on Twitter at
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Nancy WeingartnerNancy Weingartner is editor-at-large of Franchise Times magazine and the editor of the Food On Demand media project. You can reach her at 612-767-3200 or at nancyw@franchisetimes.com.
Follow her on Twitter at http://twitter.com/nanweingartner.
 

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