Rule 69W-700.019, F.A.C., is to be amended to change the requirement of mandatory submission of sales reports to only require submission of sales reports upon request by the Office; and clarify the requirement of notice of consummated sales/...

DEPARTMENT OF FINANCIAL SERVICES
Securities

RULE NO.: RULE TITLE:
69W-700.019: Submission of Sales Reports
PURPOSE AND EFFECT: Rule 69W-700.019, F.A.C., is to be amended to change the requirement of mandatory submission of sales reports to only require submission of sales reports upon request by the Office; and clarify the requirement of notice of consummated sales/discontinued offerings in subparagraph (3) by changing “should” to “shall.”
SUBJECT AREA TO BE ADDRESSED: Securities Regulation – Registration of Securities.
RULEMAKING AUTHORITY: 517.03(1) FS.
LAW IMPLEMENTED: 517.081(3) FS.
IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE WEEKLY.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: John Kim, Assistant General Counsel, [phone], [e-mail]

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS NOT AVAILABLE.