CS/CS/HB 253: Regulation of Securities
GENERAL BILL by Commerce Committee ; Insurance & Banking Subcommittee ; Barnaby ; (CO-INTRODUCERS) Benjamin
Regulation of Securities; Revises requirements for registration of securities; requires OFR to deem applications for registration abandoned under certain circumstances; revises grounds on which office may revoke, suspend, or deny registration of securities; specifies office's powers in investigations of issuers; revises methods by which office may enter order suspending issuer's right to sell securities; revises requirements for applying for registration as dealer, associated person of dealer, or investment adviser; provides registration exemptions for private fund advisers; specifies continuing education requirements for associated persons of investment advisers & federal covered advisers; specifies requirements for certain previously registered associated persons; authorizes FSC to establish rules of conduct & prohibited business practices for intermediaries.
Last Action: 5/1/2023 House - Laid on Table; companion bill(s) passed, see CS/SB 180 (Ch. 2023-205)
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/18/2023 | House |
• Filed |
| 1/25/2023 | House |
• Referred to Insurance & Banking Subcommittee • Referred to State Administration & Technology Appropriations Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 3/7/2023 | House |
• 1st Reading (Original Filed Version) |
| 3/17/2023 | House |
• PCS added to Insurance & Banking Subcommittee agenda |
| 3/21/2023 | House |
• Favorable with CS by Insurance & Banking Subcommittee |
| 3/23/2023 | House |
• Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 1) |
| 3/24/2023 | House |
• Original reference removed: State Administration & Technology Appropriations Subcommittee • Referred to Commerce Committee • Now in Commerce Committee |
| 4/6/2023 | House |
• Added to Commerce Committee agenda |
| 4/11/2023 | House |
• Favorable with CS by Commerce Committee (Amended) |
| 4/12/2023 | House |
• Reported out of Commerce Committee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 2) |
| 4/13/2023 | House |
• Bill referred to House Calendar • Added to Second Reading Calendar |
| 5/1/2023 | House |
• Laid on Table; companion bill(s) passed, see CS/SB 180 (Ch. 2023-205) |
