The purpose and effect is to repeal antiquated rules that are no longer necessary or utilized.

 

DEPARTMENT OF FINANCIAL SERVICES

Securities

RULE NO.:RULE TITLE:

69W-100.005: Advice Concerning Exemptions

69W-100.010: Internet or Other Electronic System Information

PURPOSE AND EFFECT: The purpose and effect is to repeal antiquated rules that are no longer necessary or utilized.

SUMMARY: Rules 69W-100.005 and 69W-100.010, F.A.C., are proposed to be repealed rules because they are antiquated and are no longer necessary or utilized.

SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION:

The Agency has determined that this will not have an adverse impact on small business or likely increase directly or indirectly regulatory costs in excess of $200,000 in the aggregate within one year after the implementation of the rule. A SERC has not been prepared by the Agency.

The Agency has determined that the proposed rule is not expected to require legislative ratification based on the statement of estimated regulatory costs or if no SERC is required, the information expressly relied upon and described herein: The Agency expressly relies on an analysis of potential economic impact conducted by persons with subject matter knowledge of these rules.

Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.

RULEMAKING AUTHORITY: 517.03, FS.

LAW IMPLEMENTED: 120.53(1)(b), 517.021(12) and (16), 517.07, 517.12, 517.051, 517.061, FS.

IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN THE FAR.

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Ryann White, Office of General Counsel [phone], [e-mail]

 

THE FULL TEXT OF THE PROPOSED RULE IS:

69W-100.005 Advice Concerning Exemptions.

Rulemaking Authority 517.03 FS. Law Implemented 517.051, 517.061, 120.53(1)(b) FS. History–New 12-5-79, Amended 9-20-82, Formerly 3E-100.05, 3E-100.005, Repealed          .

 

69W-100.010 Internet or Other Electronic System Information.

Rulemaking Authority 517.03(1) FS. Law Implemented 517.021(12), (16), 517.07, 517.12 FS. History–New 11-21-96, Formerly 3E-100.010, Repealed         .

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Alisa G. Goldberg, Director, Division of Securities

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Financial Services Commission

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: December 19, 2023