11676780, 69W-700.019 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 11676780

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Securities

Chapter:

REGISTRATION OF SECURITIES

Overview

RULE:

69W-700.019

Submission of Sales Reports

PURPOSE:

Rule 69W-700.019, F.A.C., is recommended for amendment to change the requirement of mandatory submission of sales reports to only require submission of sales reports upon request by the Office pursuant to Section 517.081(3), F.S., to reduce regulatory burdens. Also, an amendment is proposed to clarify the requirement of notice of consummated sales/discontinued offerings in subsection (3) by replacing language containing “should” to “shall.”

SUMMARY:

Rule 69W-700.019, F.A.C., is recommended for amendment to change the requirement of mandatory submission of sales reports to only require submission of sales reports upon request by the Office, to reduce regulatory burdens. Also, an amendment is proposed to clarify the requirement of notice of consummated sales/discontinued offerings in subsection (3) by replacing language containing “should” to “shall.”

RULEMAKING AUTHORITY:

517.03(1) FS.

LAW:

517.081(3) FS.

PRINT PUBLISH DATE:

7/6/2012 Vol. 38/27

COMMENTS:

From 7/6/2012 To 7/27/2012 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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