The purpose of these amendments is to remove old, or outdated materials in reference rule text.

 

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

Board of Employee Leasing Companies

RULE NO.:RULE TITLE:

61G7-5.0012Historical Sketch

PURPOSE AND EFFECT: The purpose of these amendments is to remove old, or outdated materials in reference rule text.

SUMMARY: Remove old and update new referenced text of 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: During discussion of the economic impact of this rule at its Board meeting, the Board concluded that this rule change will not have any impact on licensees and their businesses or the businesses that employ them. The rule will not increase any fees, business costs, personnel costs, will not decrease profit opportunities, and will not require any specialized knowledge to comply. This change will not increase any direct or indirect regulatory costs. Hence, the Board determined that a Statement of Estimated Regulatory Costs (SERC) was not necessary and that the rule will not require ratification by the Legislature. No person or interested party submitted additional information regarding the economic impact at that time.

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: 468.522, 468.524(2), 468.5245 FS.

LAW IMPLEMENTED: 468.524(2), 468.5245 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: Richard Morrison, Executive Director, Board of Employee Leasing Companies, 2601 Blair Stone Road, Tallahassee, Florida 32399-0783, [e-mail]

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

61G7-5.0012 Historical Sketch.

(1) No change.

(2) In lieu of filing the above mentioned form, the applicant may file updated copies of Form OFR-S-7-91, Exhibit 1 (General Issue) incorporated by Rule 69W-700.001, effective August 8, 2021 (incorporated by Rule 69W-301.002, F.A.C.), for the same individuals which the applicant has previously filed as part of an application for registration of securities with the Florida Office of Financial Regulation, or its predecessor form, or other filings containing similar information which have been filed with the U.S. Securities and Exchange Commission or with any state securities regulatory agency. Rule 69W-301.002, F.A.C., effective November 14, 2013, is incorporated herein and available at http://www.flrules.org/Gateway/reference.asp?No=Ref-02098.

(3) through (7) No change.

Rulemaking Authority 468.522, 468.524(2), 468.5245 FS. Law Implemented 468.524(2), 468.5245 FS. History–New 1-25-98, Amended 9-5-04, 1-2-13, 4-18-18,                    .

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Board of Employee Leasing Companies

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Board of Employee Leasing Companies

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: March 15, 2022

DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAR: April 15, 2022