§ 7-11-705 Rules, forms, and orders.– (a) In addition to specific authority otherwise granted by this chapter, thedirector:
(1) Shall adopt rules of practice describing the nature andrequirements of all formal and informal procedures available to the public,including a description of all forms and instructions that are to be used bypersons dealing with the director;
(2) May adopt rules, in addition to those otherwise requiredby this chapter embodying appropriate standards, principles, and proceduralsafeguards that the director applies in the administration of this chapter; and
(3) May adopt rules defining any term, whether or not used inthis chapter, insofar as the definition is not inconsistent with this chapter.
(b) To keep rules adopted by the director in harmony with theregulations adopted by the securities and exchange commission under the federalsecurities laws and to encourage uniformity with the rules of securitiesagencies and administrators in other states, the director, insofar as isconsistent with this chapter, shall take into consideration the regulationsadopted by the securities and exchange commission and the rules of securitiesagencies and administrators in other states that enact a law comparable to thischapter.
(c) Unless specifically provided in this chapter to thecontrary, no rule or order may be adopted, amended, or repealed unless thedirector determines that the action is:
(1) In the public interest and appropriate for the protectionof investors; and
(2) Consistent with the purposes fairly intended by thepolicy and provisions of this chapter.
(d) The director may use his or her own experience, technicalcompetence, specialized knowledge, and judgment in the adoption of a rule.
(e) The director may by rule or order prescribe:
(1) The form and content of financial statements requiredunder this chapter;
(2) The circumstances under which consolidated financialstatements must be filed; and
(3) Whether a required financial statement must be certifiedand by whom. Unless the director provides otherwise by rule or order, afinancial statement required under this chapter must be prepared in accordancewith generally accepted accounting principles or other accounting principles asare prescribed for the issuer of the financial statement by the securities andexchange commission.
(f) The director shall file in the office of the secretary ofstate and in the director's office each rule adopted or amended and all rulesexisting on July 12, 1990 that have not been previously filed. The filing mustbe done as soon after adoption or amendment of the rule as is practicable. Thedirector shall affix to each rule a certificate of the time and date of filingand keep a permanent register open to public inspection of all fixed rules.
§ 7-11-705 Rules, forms, and orders.– (a) In addition to specific authority otherwise granted by this chapter, thedirector:
(1) Shall adopt rules of practice describing the nature andrequirements of all formal and informal procedures available to the public,including a description of all forms and instructions that are to be used bypersons dealing with the director;
(2) May adopt rules, in addition to those otherwise requiredby this chapter embodying appropriate standards, principles, and proceduralsafeguards that the director applies in the administration of this chapter; and
(3) May adopt rules defining any term, whether or not used inthis chapter, insofar as the definition is not inconsistent with this chapter.
(b) To keep rules adopted by the director in harmony with theregulations adopted by the securities and exchange commission under the federalsecurities laws and to encourage uniformity with the rules of securitiesagencies and administrators in other states, the director, insofar as isconsistent with this chapter, shall take into consideration the regulationsadopted by the securities and exchange commission and the rules of securitiesagencies and administrators in other states that enact a law comparable to thischapter.
(c) Unless specifically provided in this chapter to thecontrary, no rule or order may be adopted, amended, or repealed unless thedirector determines that the action is:
(1) In the public interest and appropriate for the protectionof investors; and
(2) Consistent with the purposes fairly intended by thepolicy and provisions of this chapter.
(d) The director may use his or her own experience, technicalcompetence, specialized knowledge, and judgment in the adoption of a rule.
(e) The director may by rule or order prescribe:
(1) The form and content of financial statements requiredunder this chapter;
(2) The circumstances under which consolidated financialstatements must be filed; and
(3) Whether a required financial statement must be certifiedand by whom. Unless the director provides otherwise by rule or order, afinancial statement required under this chapter must be prepared in accordancewith generally accepted accounting principles or other accounting principles asare prescribed for the issuer of the financial statement by the securities andexchange commission.
(f) The director shall file in the office of the secretary ofstate and in the director's office each rule adopted or amended and all rulesexisting on July 12, 1990 that have not been previously filed. The filing mustbe done as soon after adoption or amendment of the rule as is practicable. Thedirector shall affix to each rule a certificate of the time and date of filingand keep a permanent register open to public inspection of all fixed rules.
§ 7-11-705 Rules, forms, and orders.– (a) In addition to specific authority otherwise granted by this chapter, thedirector:
(1) Shall adopt rules of practice describing the nature andrequirements of all formal and informal procedures available to the public,including a description of all forms and instructions that are to be used bypersons dealing with the director;
(2) May adopt rules, in addition to those otherwise requiredby this chapter embodying appropriate standards, principles, and proceduralsafeguards that the director applies in the administration of this chapter; and
(3) May adopt rules defining any term, whether or not used inthis chapter, insofar as the definition is not inconsistent with this chapter.
(b) To keep rules adopted by the director in harmony with theregulations adopted by the securities and exchange commission under the federalsecurities laws and to encourage uniformity with the rules of securitiesagencies and administrators in other states, the director, insofar as isconsistent with this chapter, shall take into consideration the regulationsadopted by the securities and exchange commission and the rules of securitiesagencies and administrators in other states that enact a law comparable to thischapter.
(c) Unless specifically provided in this chapter to thecontrary, no rule or order may be adopted, amended, or repealed unless thedirector determines that the action is:
(1) In the public interest and appropriate for the protectionof investors; and
(2) Consistent with the purposes fairly intended by thepolicy and provisions of this chapter.
(d) The director may use his or her own experience, technicalcompetence, specialized knowledge, and judgment in the adoption of a rule.
(e) The director may by rule or order prescribe:
(1) The form and content of financial statements requiredunder this chapter;
(2) The circumstances under which consolidated financialstatements must be filed; and
(3) Whether a required financial statement must be certifiedand by whom. Unless the director provides otherwise by rule or order, afinancial statement required under this chapter must be prepared in accordancewith generally accepted accounting principles or other accounting principles asare prescribed for the issuer of the financial statement by the securities andexchange commission.
(f) The director shall file in the office of the secretary ofstate and in the director's office each rule adopted or amended and all rulesexisting on July 12, 1990 that have not been previously filed. The filing mustbe done as soon after adoption or amendment of the rule as is practicable. Thedirector shall affix to each rule a certificate of the time and date of filingand keep a permanent register open to public inspection of all fixed rules.
