The Office proposes to repeal this rule as part of a rule re-organization effort for registration types under Chapter 517, Florida Statutes, in order to improve organization and clarity. The provisions of this rule are proposed to be moved to new ...

Notice of Proposed Rule

 

DEPARTMENT OF FINANCIAL SERVICES

Securities

RULE NO.:RULE TITLE:

69W-400.002Registration of Issuer Under Section 517.051(9), F.S., as Issuer/Dealer

PURPOSE AND EFFECT: The Office proposes to repeal this rule as part of a rule re-organization effort for registration types under Chapter 517, Florida Statutes, in order to improve organization and clarity. The provisions of this rule are proposed to be moved to new proposed Rule 69W-600.0013, F.A.C. for issuer/dealer registration.

SUMMARY: The Office proposes to repeal this rule.

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 this rule.

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: 517.051(9), 517.12 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: John Kim, Division of Securities, [e-mail], [phone]

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

69W-400.002 Registration of Issuer Under Section 517.051(9), F.S., as Issuer/Dealer.

Rulemaking Authority 517.03 FS. Law Implemented 517.051(9), 517.12 FS. History–New 12-5-79, Amended 9-20-82, Formerly 3E-400.02, 3E-400.002, Amended 5-6-15, Repealed      .

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Pamela Epting, Director, Division of Securities

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

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: June 23, 2015