DEPARTMENT OF FINANCIAL SERVICES
RULE NO.:RULE TITLE:
69W-600.016Net Capital Requirements for Dealers and Investment Advisers
NOTICE OF CHANGE
Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 40, No. 97, May 19, 2014 issue of the Florida Administrative Register.
Following comment by the Joint Administrative Procedures Committee, the cross-reference to Rule 69W-200.002, F.A.C. in subparagraph (2)(b) of the proposed rule is changed:
69W-600.016 Net Capital Requirements for Dealers and Investment Advisers.
(1) No change.
(2) All dealer applicants and registrants shall meet and at all times maintain the net capital and ratio requirements as prescribed by SEC Rule 15c3-1 including any appendices thereto (17 C.F.R. § 240.15c3-1, 240.15c3-1a, 240.15c3-1b, 240.15c3-1c, 240.15c3-1d, 240.15c3-1e, 240.15c3-1f, and 204.15c3-1g), computed in accordance with said rule. The foregoing are incorporated by reference in Rule 69W-200.002, F.A.C.
(a) No change.
(b) All references to (17 C.F.R. § 240.17a-3) and (17 C.F.R. § 240.17a-4), which are incorporated by reference in Rule 69W-200.002, F.A.C., in the foregoing and subsequent provisions of Office of Financial Regulation or SEC Rules as adopted by the Office of Financial Regulation, shall be read as to mean Office of Financial Regulation, Rule 69W-600.014, F.A.C. The foregoing SEC Rules are incorporated by reference in Rule 69W-200.002, F.A.C.
(3) through (5) No change.
Rulemaking Authority 517.03(1) FS. Law Implemented 517.12(9), (16) FS. History–New 12-5-79, Amended 9-20-82, Formerly 3E-600.16, Amended 10-15-86, 8-1-91, 6-29-93, 11-22-93, Formerly 3E-600.016, Amended 11-22-10,_________.
