CS/CS/HB 253 -  Regulation of Securities

General Bill by Commerce Committee and Insurance & Banking Subcommittee and Barnaby (CO-SPONSORS) 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.
Effective Date: October 1, 2023
Last Event: Companion Bill passed, refer to CS/SB 180 on Monday, May 1, 2023 4:37 PM; HB Laid on Table

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 180 Subject: Regulation of Securities Relationship: Identical

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Final Bill Analysis 5/5/2023 11:52:34 AM
Chamber: House Committee: Commerce Committee 4/12/2023 2:48:11 PM
Chamber: House Committee: Commerce Committee 4/7/2023 8:13:33 PM
Chamber: House Committee: Insurance & Banking Subcommittee 3/23/2023 10:58:20 AM
Chamber: House Committee: Insurance & Banking Subcommittee 3/20/2023 9:47:39 AM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Laid on Table, refer to CS/SB 180 Time: 05/01/2023 - 4:37 PM Member: Committee: Version: c2
Event: H Added to Second Reading Calendar Time: 04/13/2023 - 2:09 PM Member: Committee: Version: c2
Event: H Bill referred to House Calendar Time: 04/13/2023 - 2:09 PM Member: Committee: Version: c2
Event: H 1st Reading Time: 04/12/2023 - 5:32 PM Member: Committee: Version: c2
Event: H CS Filed Time: 04/12/2023 - 2:57 PM Member: Committee: Version: c2
Event: H Laid on Table under Rule 7.18(a) Time: 04/12/2023 - 2:57 PM Member: Committee: Version: c1
Event: H Reported out of Commerce Committee Time: 04/12/2023 - 2:48 PM Member: Committee: Commerce Committee Version: c1
Event: H Favorable with CS by Commerce Committee (Amended) Time: 04/11/2023 - 1:07 PM Member: Committee: Commerce Committee Version: c1
Event: H Added to Commerce Committee agenda Time: 04/06/2023 - 4:19 PM Member: Committee: Commerce Committee Version: c1
Event: H Now in Commerce Committee Time: 03/24/2023 - 4:14 PM Member: Committee: Commerce Committee Version: c1
Event: H Referred to Commerce Committee Time: 03/24/2023 - 4:14 PM Member: Committee: Commerce Committee Version: c1
Event: H 1st Reading Time: 03/23/2023 - 7:03 PM Member: Committee: Version: c1
Event: H CS Filed Time: 03/23/2023 - 11:03 AM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.18(a) Time: 03/23/2023 - 11:03 AM Member: Committee: Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 03/23/2023 - 10:58 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee Time: 03/21/2023 - 6:59 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H PCS added to Insurance & Banking Subcommittee agenda Time: 03/17/2023 - 4:01 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 03/07/2023 - 10:01 PM Member: Committee: Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 01/25/2023 - 5:05 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 01/25/2023 - 5:05 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 01/25/2023 - 5:05 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 01/25/2023 - 5:05 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 01/18/2023 - 2:04 PM Member: Barnaby Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
517.021 CS/SB 180
517.061 CS/SB 180
517.0611 CS/SB 180
517.072 CS/SB 180
517.075 CS/SB 180
517.081 CS/SB 180
517.082 CS/SB 180
517.111 CS/SB 180
517.12 CS/SB 180
517.1205 CS/SB 180
517.1214 CS/SB 180
517.1215 CS/SB 180
517.1217 CS/SB 180
517.131 CS/SB 180
517.161 CS/SB 180
517.181 CS/SB 180
517.201 CS/SB 180
517.211 CS/SB 180
517.315 CS/SB 180
626.9911 CS/SB 180
744.351 CS/SB 180
921.0022 CS/SB 150, CS/SB 180, HB 187, SB 208, CS/SB 232, HB 245, CS/CS/CS/SB 280, CS/CS/HB 365, CS/HB 431, CS/SB 486, CS/HB 543, CS/HB 603, CS/HB 659, CS/HB 1047, CS/HB 1233*, CS/SB 1334, CS/HB 1375, CS/SB 1456, CS/HB 1465, SB 1520, SB 1522, SB 1576

(*) Not the latest version