Delaware Securities Act
Order Adopting Rules and Regulations Pursuant to the Delaware Securities Act
On April 1, 2003, the Division of Securities of the Delaware Department of Justice (“Division”) published in the Delaware Register of Regulations proposed revisions to the Rules and Regulations Pursuant to the Delaware Securities Act. The proposed revisions were held open for public comment until May 1, 2003.
Summary of Evidence and Information Submitted
During the thirty day comment period, no evidence or information was provided to the Division regarding the proposed revisions.
Findings of Fact
The Commissioner determines that the adoption of the proposed revisions to the Rules and Regulations Pursuant to the Delaware Securities Act is appropriate.
Decision to Adopt the Proposed Revisions
Wherefore, It is Hereby Ordered, pursuant to 6 Del.C. 7325 and 29 Del.C. 10118, the the proposed revisions to the Rules and Regulations Pursuant to the Delaware Securities Act, in the form attached hereto as Exhibit A, are adopted to be effective ten (10) days following publication of this order in the Delaware Register of Regulations.
SO ORDERED THIS 9TH DAY OF JULY, 2003.
James B. Ropp, Securities Commissioner
Part F. Broker-Dealers, Broker-Dealer Agents, and Issuer Agents
§610 Examination Requirement
An individual applying to be registered as a broker-dealer or a broker-dealer agent under the Act must successfully complete the Uniform Securities Agent State Law Examination (Series 63 or 66) administered by the NASD. The Commissioner may waive the exam requirement upon good cause shown.