DAR File No. 41723
This notice was published in the July 1, 2017, issue (Vol. 2017, No. 13) of the Utah State Bulletin.
Commerce, Securities
Rule R164-15
Federal Covered Securities
Five-Year Notice of Review and Statement of Continuation
DAR File No.: 41723
Filed: 06/02/2017 08:23:56 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:
Section 61-1-15.5 governs federal covered securities and states that the division may, by rule or order, require filing of documents relating to federal covered securities. Section 61-1-24 allows the division to make rules when necessary to carry out the provisions of the chapter.
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 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 prescribes the notice filing procedures authorized by Section 61-1-15.5. The operation of this rule helps to ensure that the division receives notice of federal covered securities offered to residents of this state. These filings include Rule 506 offerings, Mutual Funds, and Offerings under Tier II of Regulation A. Therefore, this rule should be continued.
The full text of this rule may be inspected, during regular business hours, at the Office of Administrative Rules, or at:
CommerceSecurities
HEBER M WELLS BLDG
160 E 300 S
SALT LAKE CITY, UT 84111-2316
Direct questions regarding this rule to:
- Benjamin Johnson at the above address, by phone at 801-530-6134, by FAX at 801-530-6980, or by Internet E-mail at [email protected]
Effective:
06/02/2017
Authorized by:
Keith Woodwell, Director
Additional Information
More information about a Five-Year Notice of Review and Statement of Continuation is available online.
The Portable Document Format (PDF) version of the Bulletin is the official version. The PDF version of this issue is available at https://rules.utah.gov/publicat/bull_pdf/2017/b20170701.pdf. The HTML edition of the Bulletin is a convenience copy. Any discrepancy between the PDF version and HTML version is resolved in favor of the PDF version.
For questions regarding the content or application of this rule, please contact Benjamin Johnson at the above address, by phone at 801-530-6134, by FAX at 801-530-6980, or by Internet E-mail at [email protected]. For questions about the rulemaking process, please contact the Office of Administrative Rules.