Texas Register Flag

Open Meeting Archive

Agency Name:State Securities Board
Date of Meeting:02/23/2023
Time of Meeting:10:00 AM
Board:State Securities Board
Street Location:208 E. 10th Street, Room 320
City Location:Austin
State Location:TX
Status:Active
Date of Submission:02/09/2023
Additional Information Obtained From:Travis J. Iles, Securities Commissioner 208 E. 10th Street Austin, Texas (512)305-8301
Emergency Mtg:N
Agenda:
1. Minutes of September 22, 2022, Board Meeting; consider excused absences, if any.

2. Recommendation from the Board's Audit Committee related to the selection of an internal auditor for the FY 2023 audit, possibly followed by a vote selecting the internal auditor for FY 2023; annual selection of Audit Committee members.

3. Rule review - Readoptions.

A. Pursuant to the notice published September 2, 2022:
1. Chapter 101, General Administration;
2. Chapter 103, Rulemaking Procedure; and
3. Chapter 104, Procedure for Review of Applications.

B. Pursuant to the notice published December 2, 2022:
1. Chapter 113, Registration of Securities;
2. Chapter 114, Federal Covered Securities;
3. Chapter 123, Administrative Guidelines for Registration of Open-End Investment Companies;
4. Chapter 125, Minimum Disclosures in Church and Nonprofit Institution Bond Issues;
5. Chapter 135, Industrial Development Corporations and Authorities; and
6. Chapter 137, Administrative Guidelines for Regulation of Offers.

4. Rulemaking - Consideration of published rule proposals for adoption.

A. Forms.
1. The following new forms are being updated for consistency, to eliminate unneeded provisions, and make other nonsubstantive changes:
Form 133.2, Public Information Charges-Billing Detail;
Form 133.3, ADA Accommodations Request;
Form 133.4, Request for Consideration of a Registration Application by a Military Applicant;
Form 133.9, Notice Filing for Third Party Brokerage Arrangements on Financial Entity Premises;
Form 133.10, Investment Company Report of Sales in the State of Texas;
Form 133.11, Sales Report Form for Non-continuous Offerings;
Form 133.14, Consent of Independent Accountants;
Form 133.15, Texas Crowdfunding Portal Registration;
Form 133.19, Waiver or Refund Request by a Military Applicant;
Form 133.20, Texas Crowdfunding Portal Registration by an Authorized Small Business Development Entity;
Form 133.21, Crowdfunding Exemption Notice;
Form 133.22, Waiver or Refund Request by a Military Spouse for a Renewal Fee; and
Form 133.23, Request for Recognition of Out-Of-State License or Registration by a Military Spouse.
2. Repeal of current forms:
Form 133.2, Public Information Charges--Billing Detail;
Form 133.3, ADA Accommodations Request Form;
Form 133.4, Request for Consideration of a Registration Application by a Military Applicant;
Form 133.9, Notice Filing for Third Party Brokerage Arrangements on Financial Entity Premises;
Form 133.10, Investment Company Report of Sales;
Form 133.11, Sales Report Form for Non-continuous Offerings;
Form 133.14, Consent of Independent Accountants;
Form 133.15, Texas Crowdfunding Portal Registration;
Form 133.19, Waiver or Refund Request by a Military Applicant;
Form 133.20, Texas Crowdfunding Portal Registration by an Authorized Small Business Development Entity;
Form 133.21, Crowdfunding Exemption Notice (SEC Rule 147A Offerings using 139.26);
Form 133.22, Waiver or Refund Request by a Military Spouse for a Renewal Fee; and
Form 133.23, Request for Recognition of Out-Of-State License or Registration by a Military Spouse.

5. Rulemaking - Consideration of rule proposals for publication and comment.

A. Nonsubstantive amendments in connection with rule review.
1. Chapter 101. General Administration.
Amending 101.2(e) and (f), concerning classification of regulatory standards, to cite the codified Texas Securities Act and conform terminology.
2. Chapter 103. Rulemaking Procedure.
Amending 103.6(c), concerning negotiated rulemaking, to add a missing word.
3. Chapter 104. Procedure for Review of Applications.
Amending 104.2, concerning purpose, and 104.3, concerning definition of days, to improve clarity; and
Amending 104.6(a), (b), and (f), concerning exceeding the time periods, to improve clarity and to cite the codified Texas Securities Act.

6. Report on budget and performance.

7. Update on Agency operations.

8. Legislative update.

Persons with disabilities who plan to attend this meeting and require auxiliary aids or services should contact Sonia Fergerson at (512) 305-8306 at least five business days prior to the meeting so that appropriate arrangements can be made.
TRD ID:2023000828
Datestamp:02/09/2023 04:05 PM
Archive Date:02/25/2023


link to Texas Secretary of State Home page | link to Texas Register home page | link to Texas Administrative Code home page | link to Open Meetings home page