Rule 69W-600.001, F.A.C., is to be amended to strike subparagraph (1)(b)6., which requires proof of clearing agreements when requested by the Office, and to add a requirement for control persons and/or owners to provide fingerprint cards in support ...

DEPARTMENT OF FINANCIAL SERVICES
Securities

RULE NO.: RULE TITLE:
69W-600.001: Application for Registration as a Dealer, Issuer/Dealer, or Investment Adviser
69W-600.004: Registration of Issuer/Dealers, Principals and Branch Offices
69W-600.008: Termination of Registration as Dealer, Investment Adviser, Branch Office, Principal or Agent
69W-600.020: Continuing Education Requirements
PURPOSE AND EFFECT: Rule 69W-600.001, F.A.C., is to be amended to strike subparagraph (1)(b)6., which requires proof of clearing agreements when requested by the Office, and to add a requirement for control persons and/or owners to provide fingerprint cards in support of the application pursuant to Section 517.12(7), F.S. Rule 69W-600.004, F.A.C., is to be amended to strike subparagraph (3)(b)4., relating to evidence of current registration with the Secretary of State, as there is no specific statutory authority for this requirement. Rule 69W-600.008, F.A.C., is to be amended to change the number of days for notice in subparagraph (1) from 20 to 30 for consistency with other amendment provisions, and to correct a cross-reference typographical error in subparagraph (1) from 59W to 69W. Rule 69W-600.020, F.A.C., is to be repealed, as the requirements in the rule are duplicative over FINRA requirements.
SUBJECT AREA TO BE ADDRESSED: Regulation of Securities – Registration of Dealers, Investment Advisers, Associated Persons.
RULEMAKING AUTHORITY: 517.03(1), 517.12(6) FS.
LAW IMPLEMENTED: 517.12(5), (6), (7), (10), (18), 517.1205, 517.12(12)(b), 517.161(1), (5) 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.