This rule is proposed to be amended to incorporate two new materials by reference (SEC Rules 204-1 and 206(4)-7), proposed to be referenced in Rule 69W-600.0131(1)(a), F.A.C. These SEC rules require federal investment advisers, among other things, to annually file amendments to their registration form (Form ADV) and adopt and implement compliance procedures and practices, respectively. The proposed addition of these SEC rules in Rules 69W-200.002 and 69W-600.0131, F.A.C. will require Florida state registered investment advisers to also comply with the provisions of these rules.