Rule 69W-500.004, F.A.C., is to be amended to strike subparagraphs (1)(a), (b), and (c), which are redundant of statutes. Rule 69W-500.007, F.A.C., is to be amended to define general solicitation or general advertising to include electronic media ...

DEPARTMENT OF FINANCIAL SERVICES
Securities

RULE NO.: RULE TITLE:
69W-500.004: Computation of Number of Purchasers for Purposes of Section 517.061(11), F.S
69W-500.007: General Solicitation or General Advertising in Connection with an Offering Exempted Under Section 517.061(11), F.S
69W-500.013: Exemption/Mobile Home Parks/Limited Purpose Stock Offering
PURPOSE AND EFFECT: Rule 69W-500.004, F.A.C., is to be amended to strike subparagraphs (1)(a), (b), and (c), which are redundant of statutes. Rule 69W-500.007, F.A.C., is to be amended to define general solicitation or general advertising to include electronic media other than television or radio. Rule 69W-500.013, F.A.C., is to be amended to strike ssubsection (5), as this provision is unnecessary.
SUBJECT AREA TO BE ADDRESSED: Regulation of Securities – Exempt Transactions.
RULEMAKING AUTHORITY: 517.03 FS.
LAW IMPLEMENTED: 517.061(11), 517.061(18) 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.