Summary
The rule amendments reflect changes to the organizational structure of the Office of Financial Regulation that will promote efficiency and accountability. Within the Division of Securities, the Bureau of Securities Regulation, is renamed the Bureau of Enforcement, and the Bureau of Regulatory Review is renamed the Bureau of Registration. Within the Division of Finance, the Bureau of Finance Regulation is renamed the Bureau of Enforcement and the Bureau of Regulatory Review is renamed the Bureau of Registration. In addition, the Division of Finance is renamed to the Division of Consumer Finance. The Bureau of Money Transmitter Regulation within the current Division of Finance is eliminated and its functions are being merged into the Division of Consumer Finance, Bureau of Enforcement. The Office of Legal Services is renamed the Office of the General Counsel. The rule amendments also reflect an Office of Communications, which shall be headed by a director.