28542946, 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: 28542946

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-600.0018	Notice-Filing and Requirements for Florida Intrastate Crowdfunding Issuers
69W-600.0019	Registration of Florida Intrastate Crowdfunding Intermediaries
69W-600.002	Application for Registration as Associated Person (FINRA Dealer)
69W-600.0022	Application for Registration as an Associated Person (Non-FINRA Dealer)
69W-600.0024	Application for Registration as an Associated Person (Investment Adviser and Federal Covered Advisor)
69W-600.0131	Prohibited Business Practices for Investment Advisers and Their Associated Persons

PURPOSE:

The purpose and effect is to implement Chapter 2023-205, Laws of Florida, and Chapter 2024-168, Laws of Florida, amend the professional designations which  satisfy the examination requirements pertaining to examination requirements for associated persons of investment advisers and federal covered advisers, to permit an associated person of an investment adviser to borrow money or securities or lend money or securities to a client under certain limited circumstances and with prior written notice to the investment adviser or federal covered adviser, and to update cross-references.

SUMMARY:

The rules are amended to implement Chapter 2023-205, Laws of Florida, by amending Form OFR-MIL-001, Office of Financial Regulation Active Military Member/Veteran/Spouse Fee Waiver and Military Service Verification, and Chapter 2024-168, Laws of Florida, which made changes to the Florida Limited Offering Exemption (formerly Florida Intrastate Crowdfunding), to amend the professional designations which satisfy the examination requirements pertaining to examination requirements for associated persons of investment advisers and federal covered advisers, to permit an associated person of an investment adviser to borrow money or securities or lend money or securities to a client under certain limited circumstances and with prior written notice to the investment adviser or federal covered adviser, and to update cross-references.

RULEMAKING AUTHORITY:

517.03, 517.0611, 517.12, 517.121, 517.1215, 517.1611, FS.

LAW:

517.0611, 517.12, 517.161, FS.

PRINT PUBLISH DATE:

7/12/2024 Vol. 50/136

COMMENTS:

From 7/12/2024 To 8/2/2024 (21 Days)

REFERENCE MATERIALS:

No reference(s).

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