The purpose and effect is to implement Chapter 2024-168, Laws of Florida, to consolidate rules concerning the terms of certain offerings into one rule, for clarity, and to update cross-references.

Document Information

Comments Open:: 7/12/2024
Summary:: The rules are amended to consolidate rules concerning the terms of certain offerings into one rule, for clarity, to update cross-references, and to conform the rules to Chapter 2024-168, Laws of Florida, in the following ways: removing integration provisions; removing exemptions for court approved transactions and compensatory benefit plans; creating rules to implement the Accredited Investor Exemption and the Florida Invest Local Exemption.
Purpose:: The purpose and effect is to implement Chapter 2024-168, Laws of Florida, to consolidate rules concerning the terms of certain offerings into one rule, for clarity, and to update cross-references.
Rulemaking Authority:: 517.03, 517.061, 517.0612, FS.
Law:: 517.061(10), 517.0612(10), 517.12(1), FS.
Related Rules: (10): 69W-500.001. Integration of Section 517.061, F.S.; Offers and Sales; 69W-500.004. Computation of Number of Purchasers for Purposes of Section 517.061(11), F.S; 69W-500.005. Disclosure Requirements of Section 517.061(11)(a)3., F.S; 69W-500.006. Commissions and Compensation Payable in Connection with an Offering Exempted Pursuant to 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; More ...