Disclosure Requirements of Section 517.061(11)(a)3., F.S, Unsolicited Purchase or Sale of Securities Pursuant to Section 517.061(13), F.S, Exemption/Charitable Contributions to Pooled Income Funds, Exemption for Offers and Sales of Securities of ...

 

DEPARTMENT OF FINANCIAL SERVICES

Securities

RULE NOS.:RULE TITLES:

69W-500.005Disclosure Requirements of Section 517.061(11)(a)3., F.S

69W-500.008Unsolicited Purchase or Sale of Securities Pursuant to Section 517.061(13), F.S

69W-500.012Exemption/Charitable Contributions to Pooled Income Funds

69W-500.015Exemption for Offers and Sales of Securities of Foreign Issuers to Non-U.S. Persons in Offshore Transactions

69W-500.016Exemption for Issuers of Section 4(2) Offerings

69W-500.017Compensatory Benefit Plan Exemption

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 Summary section of the notice is changed to read as follows, and Rule 69W-500.016 is changed to indicate that Section 4(a)(2) of the Securities Act of 1933 is incorporated by reference in Rule 69W-200.002:

Notice of Proposed Rule

 

SUMMARY: The rules are proposed for amendment to update references to incorporated material. The Office of Financial Regulation proposes to consolidate all material incorporated by reference in Chapter 69W, F.A.C. into a new proposed Rule 69W-200.002, F.A.C. that conforms with Section 120.54(1)(i), F.S. The proposed amendments would reference Rule 69W-200.002, F.A.C., where the material can be accessed via the FAR. Rule 69W-500.016, F.A.C., is also amended to update a cross-reference due to a numbering change in a federal statute. See above.

 

69W-500.016 Exemption for Issuers of Section 4(a)(2) 4(2) Offerings.

Securities offered or sold in a transaction exempt under a rule or regulation issued by the Securities and Exchange Commission under Section 4(a)(2) 4(2) of the Securities Act of 1933 (15 U.S.C. § 77d(a)(2)), which is incorporated by reference in Rule 69W-200.002, F.A.C., (15 U.S.C. § 77d(2) (2006 & Supp. II)), are hereby exempted from the filing requirements of Section 517.07, F.S. An issuer of such securities and each of its bona fide employees who satisfy the criteria set forth in Section 517.021(6)(b)6., F.S., and through whom the issuer elects to sell such securities, shall be exempted from the registration requirements of Section 517.12(1), F.S. The federal statute cited in this rule is hereby incorporated by reference. Copies of the United States Code are available online through the U.S. House of Representatives, Office of the Law Revision Counsel: http://uscode.house.gov/download/downloadPDF.shtml.

Rulemaking Authority 517.03(1), 517.061(19) FS. Law Implemented 517.061(19) FS. History–New 1-1-02, Formerly 3E-500.016, Amended 9-30-10,________.