15564540, 69W-600.0151 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 15564540

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Securities

Chapter:

REGISTRATION OF DEALERS, INVESTMENT ADVISERS, ASSOCIATED PERSONS

Overview

RULE:

69W-600.0151	Net Capital and Financial Reporting Requirements for Dealers
69W-600.0161	Net Capital and Financial Reporting Requirements for Investment Advisers

PURPOSE:

The Office proposes to replace current financial reporting rules 69W-300.002 and 69W-600.015 and current net capital rule 69W-600.016 with new consolidated net capital/financial reporting rules 69W-600.0151 and 69W-600.0161 for dealers/issuer-dealers and investment advisers, respectively.  The purpose and effect of these changes are to remove outdated requirements, implement clearer requirements as to financial reporting and calculation of net capital, and improve rule organization by consolidating rules on the same subject while creating separate rules by registration type.

SUMMARY:

The proposed new rules amend definitions and requirements, consolidate provisions previously contained in various rules, and separate requirements into different rules for dealers and investment advisers.

RULEMAKING AUTHORITY:

517.03(1), 517.12(9), 517.121(2) FS

LAW:

517.12(9), 517.121(2) FS

PRINT PUBLISH DATE:

1/29/2015 Vol. 41/19

COMMENTS:

From 1/29/2015 To 2/19/2015 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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