No. 30267: R164-15. Federal Covered Securities

DAR File No.: 30267
Filed: 07/30/2007, 03:08
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 61-1-15.5 governs federal-covered securities and states that the division may, by rule or order, require filing of documents relating to federal-covered securities. Section 61-1-24 allows the division to make rules when 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 should be continued as it clarifies the notice filing requirements set forth in Section 61-1-15.5 and ensures that the division gets notice of federal covered securities offered in this state.

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 [e-mail]

Authorized by:

Wayne Klein, Director