No. 41887 (5-year Review): Rule R164-5. Broker-Dealer and Investment Adviser Books and Records

DAR File No.: 41887
Filed: 07/03/2017 08:38:59 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:

This rule is authorized by Subsection 61-1-24(1)(a) of the Utah Uniform Securities Act, which authorizes the Division to make, amend, or rescind a rule when necessary to carry out the chapter. Section 61-1-5 of the Act provides postlicensing recordkeeping requirements for licensees and also authorizes the Division to identify, through rulemaking, books and records to be maintained by licensees.

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:

Rule R164-5 assists licensees by identifying specific books, records, financial reports and other information that must be maintained by Division licensees. 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:

Commerce
Securities
HEBER M WELLS BLDG
160 E 300 S
SALT LAKE CITY, UT 84111-2316

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 [e-mail]
• Keith Woodwell at the above address, by phone at 801-530-6606, by FAX at 801-530-6980, or by Internet E-mail at [e-mail]

Effective:

07/03/2017

Authorized by:

Keith Woodwell, Director

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