7/9/14 N.Y. St. Reg. LAW-16-14-00008-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
Amendment of sections 11.1(d), 11.14(a), 11.15; repeal of sections 11.7(a), 11.13(a)(6), 11.16 of Title 13 NYCRR.
Statutory authority:
General Business Law, section 359, art. 23-A
Subject:
Registration and conduct of investment advisors.
Purpose:
To provide investors with information to reduce possibility of fraud; clarify current rules; and conform them with Federal law.
Text or summary was published
in the April 23, 2014 issue of the Register, I.D. No. LAW-16-14-00008-P.
Final rule as compared with last published rule:
No changes.
Text of rule and any required statements and analyses may be obtained from:
Gregory Krakower, Department of Law, 120 Broadway, New York, NY 10271, (212) 416-8030, email:
gregory.krakower@ag.ny.govInitial Review of Rule
As a rule that requires a RFA, RAFA or JIS, this rule will be initially reviewed in the calendar year 2019, which is the 4th or 5th year after the year in which this rule is being adopted. This review period, justification for proposing same, and invitation for public comment thereon, were contained in a RFA, RAFA or JIS:
An assessment of public comment on the 4 or 5-year initial review period is not attached because no comments were received on the issue.
Assessment of Public Comment
The agency received no public comment.
