29728577, 69W-500.019 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 29728577

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Securities

Chapter:

EXEMPT TRANSACTIONS

Overview

RULE:

69W-500.019	Accredited Investor Exemption
69W-500.020	Florida Invest Local Exemption
69W-500.021	Foreign Securities Exchange or Foreign Securities Market for Purposes of Section 517.061(20), F.S.

PURPOSE:

The purpose and effect is to adopt rules pertaining to the accredited investor exemption, the Florida Invest Local exemption, and the Foreign Securities Exchange and Foreign Securities Market Exemption and implement Chapter 2024-168 and Chapter 2025- 28, Laws of Florida.

SUMMARY:

The rules are amended and adopted to implement Chapter 2025- 28, Laws of Florida, to incorporate Form OFR-FAIE, Notice of Transaction Under Florida Accredited Investor Exemption, and to allow an issuer conducting an offering pursuant to Section 517.061(11), F.S., to file a notice of transaction, a consent to service of process, and a copy of the general announcement through the North American Securities Administrators Association Electronic Filing Depository (EFD), to incorporate Form OFR-FILE, Notice of Transaction Under Florida Invest Local Exemption, and to designate certain foreign securities exchanges and foreign securities markets for purposes of section 571.061(20), Florida Statutes.

RULEMAKING AUTHORITY:

517.03(1), 517.061, 517.0612(10), FS.

LAW:

517.061(11), 517.061(20), 517.0612(10), FS.

PRINT PUBLISH DATE:

6/30/2025 Vol. 51/126

COMMENTS:

From 6/30/2025 To 7/21/2025 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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