| RULEMAKING ACTION: |
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Notice of proposed PERMANENT rulemaking
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| PROPOSED RULES: |
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Subchapter 3. Forms for General Purposes
660:6-3-1. Forms to inspect or copy records [AMENDED]Subchapter
5. Forms Used Under the Securities Act
660:6-5-1. Forms for registration or exemption of
securities [AMENDED]
660:6-5-2. Forms for securities industry registration
[AMENDED]
660:6-5-3. Form to file a notice of financial
exploitation [NEW]
Subchapter 9. Forms Used Under the Land Sales Act
660:6-9-2. Forms for licensing of agents
[REVOKED]
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| SUMMARY:: |
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The proposed new rule, rule amendments, and
revocation update the forms used by the Department and
delete forms no longer used.
The Administrator finds that the subject new rule and
rule amendments are necessary or appropriate in the
public interest or for the protection of investors and
are consistent with the purposes intended by the
Oklahoma Uniform Securities Act of 2004.
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| AUTHORITY: |
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Administrator, Oklahoma Department of Securities; 71 O.S.
§§1-605 and 1-608
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| COMMENT PERIOD: |
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Persons wishing to present their views in writing may do so before 4:30
p.m., January 16, 2024, at the Oklahoma Department of Securities, City
Place, 204 North Robinson Avenue, Suite 400, Oklahoma City, OK
73102-7001.
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| PUBLIC HEARING: |
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A public hearing will be held at 1:30 p.m. on Thursday,
January 23, 2025, to provide an opportunity for persons
to orally present their views. The hearing will be held
in the conference room at the Oklahoma Department of
Securities, 204 North Robinson Avenue, Suite 400,
Oklahoma City, OK, and virtually. Information to access
the hearing virtually will be posted on the Department's
website, www.securities.ok.gov, at least three days
prior to the hearing, or you may contact the Department
at 405-280-7700 for the access information. Should you
wish to speak during the hearing, please sign in at the
door or log in virtually by 1:15 p.m. and post your
name, phone number, email address, and name of the
person you are representing, if any, in the chat box.
Each person will be allowed a maximum of 10 minutes to
speak.
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| REQUEST FOR COMMENTS FROM BUSINESS ENTITIES: |
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Business entities should evaluate the effect of the
proposed rule amendments upon their business operations.
The Department requests that business entities that may
be affected by the proposed rule amendments provide the
Department, within the comment period, in dollar
amounts, if possible, any increase in the level of
direct costs, indirect costs, or other costs expected to
be incurred due to compliance with the proposed rule
amendments. Business entities may submit this
information in writing to Gerri Kavanaugh, at the above
address, before the close of the comment period on
January 16, 2025.
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| COPIES OF PROPOSED RULES: |
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The public may access copies of the proposed new rule
and rule amendments on the Department’s website at
www.securities.ok.gov or obtain copies for review
between 8:30 a.m. and 4:30 p.m., Monday through Friday,
at the offices of the Oklahoma Department of Securities,
City Place, 204 North Robinson Avenue, Suite 400,
Oklahoma City, OK 73102-7001, or by calling (405)
280-7700.
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| RULE IMPACT STATEMENT: |
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A rule impact statement will be available as of December
31, 2024, from the Oklahoma Department of Securities
(address, telephone number, times, and website as listed
above).
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| CONTACT PERSON: |
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Gerri Kavanaugh, General Counsel, Oklahoma Department of Securities, (405) 280-7721
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