Licensing and Regulatory Affairs
Julia Dale, Administrator of 2008 PA 551, the Michigan Uniform Securities Act (“the Act”), announces that the Securities Rules Joint Committee on Administrative Rules (“JCAR”) Report has been filed with the legislature.
The JCAR now has fifteen session days to meet and object to the rules or waive the fifteen session days. Assuming there is no objection or waiver of the session day requirement from JCAR, LARA may finalize the rules by filing them with the Office of the Great Seal after the 15 session days have elapsed.
The Securities Rules JCAR Report is available here: Securities Rules JCAR Report
Further information related to the Rules is available here: https://dtmb.state.mi.us/ARS_Public/AdminCode/AdminCode