Notice Under Section 203(P) of The Pennsylvania Securities Act of 1972 is a legal notice issued by the Pennsylvania Securities Commission in response to a proposed sale or transfer of securities. The notice is intended to provide information to the public about the transaction, such as the names of the parties, the amount of the securities being sold or transferred, and the intended use of the proceeds. It also requires the parties to provide additional information and documents to the Commission in order to complete the transaction. There are two types of Notice Under Section 203(P) of The Pennsylvania Securities Act of 1972, namely a Notice of Proposed Sale of Securities and a Notice of Proposed Transfer of Securities. The Notice of Proposed Sale of Securities is issued when the proposed sale of securities involves a new issue of securities, while the Notice of Proposed Transfer of Securities is issued when the proposed transfer of securities involves a previously issued security. Both notices require the parties to provide additional information and documents to the Commission in order to complete the transaction.