Division of Securities Rulemaking Docket
Rulemaking is the process government agencies must use to create, modify, or repeal rules in the Washington Administrative Code (WAC).Below you will find information about current Division of Securities rulemaking activity.
Petition for Adoption, Amendment, or Repeal of a State Rule
Individuals or groups who wish to petition DFI to adopt, amend, or repeal an administrative rule may do so by using the form linked below. You also may contact DFI using other formats, such as a letter or email.
Rulemaking: Correcting References to Securities Act of Washington
The Securities Division is considering proposing to amend certain WAC sections in order to correct references made to definitions found in the Securities Act of Washington, RCW 21.20.005. The Division is not seeking to revise the definitions themselves.
Documents
Questions?
Questions concerning this rulemaking may be directed to Dan Matthews at dmatthews@dfi.wa.gov or (360) 902-8785.
Rulemaking: Investment Adviser Rules
The Securities Division is soliciting comments on the possible amendment of the investment adviser rules set forth in chapter 460-24A WAC.
Documents
Submit Your Comments
If you have any questions or comments, please contact Faith Anderson at (360) 725-7825 or by email at faith.anderson@dfi.wa.gov.
Rulemaking: Mortgage Paper Securities Rules
The Division of Securities has proposed amendments to the rules set forth in chapter 460-33A WAC, which provide an optional method of registration for “mortgage paper securities” as defined in WAC 460-33A-015(4).
View memo (PDF)* sent to interested parties regarding this rulemaking.
Documents
- Draft of Proposed Rules (PDF)*
- CR-102 (PDF)*
- Memo Discussing Preproposal Statement Of Inquiry (PDF)*
- CR-101 Preproposal Statement of Inquiry (PDF)*
Submit Your Comments
If you have any questions or comments, please contact Faith Anderson at (360) 725-7825 or by email at faith.anderson@dfi.wa.gov.
Rulemaking: Updating of NASAA Statements of Policy Amended - Effective 07/09/2011
The Securities Division has amended WAC 460-16A-205. The Securities Division uses Guidelines and Policies created by the North American Securities Administrators Association ("NASAA") as the basis for regulating certain offerings and licensees. The amendment adopts the latest versions of all NASAA Guidelines and Policies previously adopted in Washington.
Documents
Rulemaking: Accredited Investor - Amended - Effective 01/21/2011
The Securities Division amended WAC 460-44A-501 and 460-80-108 to conform the definitions of "accredited investor" contained therein to the definition of that term in the Dodd-Frank Wall Street Reform and Consumer Protection Act enacted July 21, 2010, Public Law No. 111-203.
Documents
- Adopted Rules - WAC 460-44A-501 (PDF)*
- Adopted Rules - WAC 460-80-108 (PDF)*
- CR-103 (PDF)*
- CR-105 (PDF)*
- OTS-3539 (PDF)*
- OTS-3563 (PDF)*
Completed Rulemaking Archive
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Completed Rulemaking Archive
Information and documents from completed rulemaking activity.
Rulemaking Steps
Generally, rulemaking takes place in three distinctive steps based on filings required by the Office of the Code Reviser:
- CR-101 Pre-proposal Statement of Inquiry. At this stage, proposed text is usually not available. Comment is invited on whether rules in the areas identified in the CR-101 are needed and, if so, the content of those rules.
- A CR-102 Rulemaking Proposal is filed if it is decided to proceed. Proposed text is filed with the CR-102 and a comment period and public hearing are scheduled.
- After the comment period and public hearing, a CR-103 Rulemaking Order will be filed if it is decided to proceed with the rule. The final text is included with the CR-103. The newly adopted rules are generally effective 31 days after filing with the Code Reviser.
Once a rule has been adopted, it becomes a part of the Washington Administrative Code (WAC).
* This document is a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.
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