The New York Petition for Extension of Expired Certification (Private Placement) is a document that is used by financial institutions to request the extension of an expired private placement certificate. This document must be filed with the New York State Department of Financial Services (NY DFS) in order to obtain an extension of time to complete the private placement process. The petition must include information about the issuer, the offering, the underwriter, the offering memorandum, the private placement memorandum, and any other necessary documents. In addition, the petitioner must provide evidence that the issuer has taken all reasonable steps to complete the offering and that the issuer is unable to do so due to circumstances beyond their control. The NY DFS will review the petition and determine whether to grant the extension. There are two types of New York Petition For Extension of Expired Certification (Private Placement): standard petition and expedited petition. The standard petition is the most commonly used petition and requires the petitioner to submit a detailed explanation of why the private placement process has not yet been completed. The expedited petition is for petitioners who need the extension approved in a shorter timeframe and requires a more concise explanation of the circumstances.