27941837, 69W-600.0016 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 27941837

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Securities

Chapter:

REGISTRATION OF DEALERS, INVESTMENT ADVISERS, ASSOCIATED PERSONS

Overview

RULE:

69W-600.0016	Application for Registration as an Investment Adviser (State Registered)
69W-600.0024	Application for Registration as an Associated Person (Investment Adviser and Federal Covered Advisor)

PURPOSE:

The purpose and effect is to incorporate the North American Securities Administrators Association’s (“NASAA”) model rule concerning its Examination Validity Extension Program (“EVEP”) for associated persons of investment advisers and federal covered advisers.

SUMMARY:

The Rules are amended to incorporate the National Association of Securities Administrators Association’s (“NASAA”) model rule concerning the Examination Validity Extension Program (“EVEP”) for associated persons of investment advisers and federal covered advisers. Participation in the EVEP is voluntary. Participants must meet certain eligibility criteria, pay NASAA an annual participation fee, and satisfy applicable continuing education requirements. Individuals who terminate their registrations with investment advisers or federal covered advisers and elect to participate in the EVEP may have a maximum of five years, instead of two years, in which to reregister with a firm without having to requalify by exam.

RULEMAKING AUTHORITY:

517.03, 517.12, FS.

LAW:

517.12, 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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