27941643, 69W-500.006 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 27941643

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Securities

Chapter:

EXEMPT TRANSACTIONS

Overview

RULE:

69W-500.006	Commissions and Compensation Payable in Connection with an Offering Exempted Pursuant to Section 517.061(11), F.S
69W-500.011	Registration of Issuer Under Section 517.061(11), F.S., as Dealer

PURPOSE:

The purpose and effect is to conform the rules to Chapter 2023-205, Laws of Florida, which amended chapter 517, Florida Statutes, to no longer require the registration of issuers or their associated persons and to clarify who may receive commissions and compensation for the sale of an issuer’s securities.

SUMMARY:

The rules are amended to conform the rules to Chapter 2023-205, Laws of Florida, which amended chapter 517, Florida Statutes, to no longer require the registration of issuers or their associated persons and to clarify that a person not in this State selling securities to a person not in this State may receive commissions and compensation for the sale of an issuer’s securities.

RULEMAKING AUTHORITY:

517.03(1), FS.

LAW:

517.061(11), 517.12(1), FS.

PRINT PUBLISH DATE:

1/12/2024 Vol. 50/09

COMMENTS:

From 1/12/2024 To 2/2/2024 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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