Differences

This shows you the differences between two versions of the page.

--- reg_cf_exemptions [2025/03/07 17:24] – [Edit diagram] admin
+++ reg_cf_exemptions [2026/02/10 16:23] (current) – Added structured metadata per Lexipedia BPMN Model Metadata Standard (Tier 1 required + select Tier 2/3/4 fields). Restructured page with Overview, Detailed Requirements, and BPMN Model sections. admin
@@ Line 1: / Line 1: @@
-[[https://www.wikidata.org/wiki/Q348303|Wikidata category]]
+====== Regulation Crowdfunding (Reg CF) Exemptions ======
+<code yaml metadata>
+process_id: L-US-FED-SEC-001
+title: Regulation Crowdfunding (Reg CF) Exemptions
+description: >
+  Detailed requirements and process for conducting a securities offering
+  under Regulation Crowdfunding (Reg CF), including issuer eligibility,
+  offering and investor limits, disclosure requirements, use of
+  intermediaries, advertising restrictions, ongoing reporting, and
+  resale restrictions.
+category: financial-processes/securities
+jurisdiction:
+  country: US
+  level: federal
+  regulatory_body: SEC
+source_authority:
+  name: U.S. Securities and Exchange Commission
+  url: https://www.sec.gov/education/smallbusiness/exemptofferings/regcrowdfunding
+status: draft
+version: 1.0.0
+created_date: 2026-01-05
+last_reviewed: 2026-01-05
+contributors: ["@anson_parker"]
+license: CC-BY-SA-4.0
+process_type: branching
+is_executable: false
+complexity: complex
+risk_level: high
+confidence_level: guidance
+soundness_verified: false
+tags: ["securities", "crowdfunding", "reg-cf", "SEC", "federal", "fundraising", "startup-funding"]
+</code>
-Detailed Reg CF Requirements
+===== Overview =====
-============================
+Regulation Crowdfunding (Reg CF) allows eligible companies to offer and sell securities through crowdfunding. This model covers the complete requirements process under [[https://www.sec.gov/education/smallbusiness/exemptofferings/regcrowdfunding|SEC Regulation Crowdfunding]], from issuer eligibility through resale restrictions.
+See also: [[https://www.wikidata.org/wiki/Q348303|Wikidata: Crowdfunding]]
+===== Detailed Reg CF Requirements =====
 .  Issuer Eligibility
@@ Line 67: / Line 103: @@
         -   Or as part of an offering registered with the SEC
-<bpmnio type="bpmn"><?xml version="1.0" encoding="UTF-8"?>
+===== BPMN Model =====
+<bpmnio type="bpmn">
+<?xml version="1.0" encoding="UTF-8"?>
 <definitions xmlns="http://www.omg.org/spec/BPMN/20100524/MODEL" xmlns:bpmndi="http://www.omg.org/spec/BPMN/20100524/DI" xmlns:dc="http://www.omg.org/spec/DD/20100524/DC" xmlns:di="http://www.omg.org/spec/DD/20100524/DI" id="definitions_1">
   <process id="Process_1" isExecutable="false">
@@ Line 178: / Line 217: @@
       <bpmndi:BPMNShape id="task2_di" bpmnElement="task2">
         <dc:Bounds x="325" y="270" width="100" height="80" />
+      </bpmndi:BPMNShape>
+      <bpmndi:BPMNShape id="task3_di" bpmnElement="task3">
+        <dc:Bounds x="470" y="270" width="100" height="80" />
       </bpmndi:BPMNShape>
       <bpmndi:BPMNShape id="task4_di" bpmnElement="task4">
@@ Line 190: / Line 232: @@
       <bpmndi:BPMNShape id="end_di" bpmnElement="end">
         <dc:Bounds x="1257" y="292" width="36" height="36" />
-      </bpmndi:BPMNShape>
-      <bpmndi:BPMNShape id="task3_di" bpmnElement="task3">
-        <dc:Bounds x="475" y="50" width="100" height="80" />
       </bpmndi:BPMNShape>
       <bpmndi:BPMNShape id="task5_di" bpmnElement="task5">
-        <dc:Bounds x="775" y="370" width="100" height="80" />
+        <dc:Bounds x="790" y="270" width="100" height="80" />
       </bpmndi:BPMNShape>
       <bpmndi:BPMNEdge id="start-eligibilityCheck_di" bpmnElement="start-eligibilityCheck">
@@ Line 241: / Line 280: @@
       <bpmndi:BPMNEdge id="task2-task3_di" bpmnElement="task2-task3">
         <di:waypoint x="425" y="310" />
-        <di:waypoint x="450" y="310" />
+        <di:waypoint x="470" y="310" />
-        <di:waypoint x="450" y="90" />
-        <di:waypoint x="475" y="90" />
       </bpmndi:BPMNEdge>
       <bpmndi:BPMNEdge id="task3-task4_di" bpmnElement="task3-task4">
-        <di:waypoint x="575" y="90" />
+        <di:waypoint x="570" y="310" />
-        <di:waypoint x="600" y="90" />
-        <di:waypoint x="600" y="310" />
         <di:waypoint x="625" y="310" />
       </bpmndi:BPMNEdge>
       <bpmndi:BPMNEdge id="task4-task5_di" bpmnElement="task4-task5">
         <di:waypoint x="725" y="310" />
-        <di:waypoint x="750" y="310" />
+        <di:waypoint x="790" y="310" />
-        <di:waypoint x="750" y="410" />
-        <di:waypoint x="775" y="410" />
       </bpmndi:BPMNEdge>
       <bpmndi:BPMNEdge id="task5-task6_di" bpmnElement="task5-task6">
-        <di:waypoint x="875" y="410" />
+        <di:waypoint x="890" y="310" />
-        <di:waypoint x="900" y="410" />
-        <di:waypoint x="900" y="310" />
         <di:waypoint x="925" y="310" />
       </bpmndi:BPMNEdge>