State Securities Board
Revised Rule Review Plan
In accordance with §2001.039 of the Government Code, the State Securities Board submits the following plan for the ongoing review of its rules. This plan replaces the plan filed on September 26, 2002, and published in the October 11, 2002, issue of the Texas Register (27 TexReg 9637).
Beginning in September 2010, the Agency will review 7 TAC Chapters 101 - General Administration, 103 - Rulemaking Procedure, and 104 - Procedure for Review of Applications.
Beginning in December 2010, the Agency will review 7 TAC Chapters 113 - Registration of Securities, 114 - Federal Covered Securities, 123 - Administrative Guidelines for Registration of Open-End Investment Companies, 125 - Minimum Disclosures in Church and Nonprofit Institution Bond Issues, 135 - Industrial Development Corporations and Authorities, and 137 - Administrative Guidelines for Regulation of Offers.
Beginning in March 2011, the Agency will review 7 TAC Chapters 105 - Rules of Practice in Contested Cases, and 106 - Guidelines for the Assessment of Administrative Fines.
Beginning in June 2011, the Agency will review 7 TAC Chapters 107 - Terminology, 127 - Miscellaneous, and 131 - Guidelines for Confidentiality of Information.
Beginning in September 2011, the Agency will review 7 TAC Chapters 109 - Transactions Exempt from Registration, 111 - Securities Exempt from Registration, and 139 - Exemptions by Rule or Order.
Beginning in December 2011, the Agency will review 7 TAC Chapter 133 - Forms.
Beginning in March 2012, the Agency will review 7 TAC Chapters 115 - Securities Dealers and Agents, and 116 - Investment Advisers and Investment Adviser Representatives.
Thereafter, each chapter will be reviewed no later than the fourth anniversary of the date the chapter took effect or was readopted pursuant to the preceding rule review cycle, whichever is later. As a result of its review, the Agency will readopt, readopt with amendments, or repeal rules, based upon an assessment of whether the reasons for initially adopting the rules continue to exist.