Commerce, Securities

Rule R164-25

Record of Registration

Five-Year Notice of Review and Statement of Continuation

DAR File No.: 36464
Filed: 07/11/2012 09:05:31 AM

NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

Subsection 61-1-25(5) of the Utah Uniform Securities Act states that the Division may honor requests for interpretive opinions. Section 61-1-24 permits the Division to make rules necessary to carry out the provisions of the Act.

Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

No written comments have been received.

Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

This rule assists the public in interpreting the Act by providing guidelines for requesting interpretive opinions and no-action letters and should be continued.

The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:

Direct questions regarding this rule to:

• Charles Lyons at the above address, by phone at 801-530-6940, by FAX at 801-530-6980, or by Internet E-mail at clyons@utah.gov
• Keith Woodwell at the above address, by phone at 801-530-6606, by FAX at 801-530-6980, or by Internet E-mail at kwoodwell@utah.gov

Authorized by:

Keith Woodwell, Director

Effective:

07/11/2012