No. 30256: R164-10. Registration by Qualification  

  • DAR File No.: 30256
    Filed: 07/30/2007, 02:34
    Received by: NL

    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 61-1-10 of the Utah Uniform Securities Act establishes Registration by Qualification as one of three methods of registering securities offerings in the state of Utah. Section 61-1-24 of the Utah Uniform Securities Act allows the division to make rules 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 written 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 defines key terms, sets forth filing and procedural requirements, and provides a comprehensive disclosure regimen for offerings registered by qualification, and should be continued.

    The full text of this rule may be inspected, during regular business hours, at the Division 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:

    Benjamin N Johnson at the above address, by phone at 801-530-6134, by FAX at 801-530-6980, or by Internet E-mail at bnjohnson@utah.gov

    Authorized by:

    Wayne Klein, Director

Document Information

Publication Date:
08/15/2007
Filed Date:
07/30/2007
Agencies:
Commerce,Securities
Authorized By:
Wayne Klein, Director
DAR File No.:
30256
Related Chapter/Rule NO.: (1)
R164-10. Registration by Qualification.