No. 36461 (5-year Review): Rule R164-5. Broker-Dealer and Investment Adviser Books and Records

DAR File No.: 36461
Filed: 07/11/2012 08:54:52 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:

Section 61-1-5 of the Utah Uniform Securities Act provides postlicensing requirements for licensees. Section 61-1-24 of the Act provides authority for the Division to make rules necessary to carry out the provisions of the Act.

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:

Rule R164-5 provides guidance in interpreting Section 61-1-5 of the Act and identifies specific books, records, financial reports and other information that must be maintained by Division licensees, and the rule should be continued. Rule R164-5 does not impose additional requirements upon licensees but rather clarifies the requirements of the Act.

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:

• 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]

Authorized by:

Keith Woodwell, Director

Effective:

07/11/2012

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