DAR File No.: 41293
Filed: 02/07/2017 01:56:25 PMNOTICE 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 Sections 61-1-24, 61-1-103, and 61-1-107. Subsection 61-1-24(1)(a) authorizes the Division to make, amend, or rescind a rule when necessary to carry out the chapter. Section 61-1-103 describes the information required for an individual to be considered for an award under the Securities Fraud Reporting Program Act and requires that the individual provide such information in accordance with procedures to be established by rule made by the Division. Section 61-1-107 sets forth the procedures related to an award to a fraud reporter and requires that the Division adopt rules memorializing those procedures.
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 regarding the rule.
Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:
The rule sets forth procedures for filing an application for an award under the Securities Fraud Reporting Program Act and the procedures for the making or denial of such an award. It provides an incentive for individuals to report suspected violations of the securities laws to the Division. 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 84111-2316Direct 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 clyons@utah.gov
- Keith Woodwell at the above address, by phone at 801-530-6606, by FAX at 801-530-6980, or by Internet E-mail at kwoodwell@utah.gov
Effective:
02/07/2017
Authorized by:
Keith Woodwell, Director
Document Information
- Effective Date:
- 2/7/2017
- Publication Date:
- 03/01/2017
- Type:
- Five-Year Notices of Review and Statements of Continuation
- Filed Date:
- 02/07/2017
- Agencies:
- Commerce, Securities
- Authorized By:
- Keith Woodwell, Director
- DAR File No.:
- 41293
- Summary:
No comments have been received regarding the rule.
- CodeNo:
- R164-101
- CodeName:
- {45663|R164-101|R164-101. Securities Fraud Reporting Program Act}
- Link Address:
- CommerceSecuritiesHEBER M WELLS BLDG160 E 300 SSALT LAKE CITY, UT 84111-2316
- Link Way:
Charles Lyons, by phone at 801-530-6940, by FAX at 801-530-6980, or by Internet E-mail at clyons@utah.gov
Keith Woodwell, by phone at 801-530-6606, by FAX at 801-530-6980, or by Internet E-mail at kwoodwell@utah.gov
- AdditionalInfo:
- More information about a Five-Year Notice of Review and Statement of Continuation is available online. The Portable Document Format (PDF) version of the Bulletin is the official version. The PDF version of this issue is available at http://www.rules.utah.gov/publicat/bull-pdf/2017/b20170301.pdf. The HTML edition of the Bulletin is a convenience copy. Any discrepancy between the PDF version and HTML version is resolved in favor of the PDF version. For questions regarding the content or ...
- Related Chapter/Rule NO.: (1)
- R164-101. Securities Fraud Reporting Program Act.