DAR File No. 30265

Commerce, Securities

R164-18

Procedures

FIVE-YEAR NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

DAR File No.: 30265
Filed: 07/30/2007, 02:57
Received by: NL

NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

Section 61-1-18 of the Utah Uniform Securities Act establishes the Division of Securities and defines its functions, including responsibility for administration, and enforcement of the Act. Section 61-1-24 provides that the division may make rules necessary to carry out the provisions of the Act.

Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

No written comments have been received.

Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

Rule R164-18 establishes procedures for administrative actions in compliance with the Utah Administrative Procedures Act (UAPA). The rule includes a description of how administrative actions are commenced, when hearings are held, and when declaratory orders are issued. Rule R164-18 assists the division in complying with UAPA, and should be continued.

The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:

Commerce
Securities
HEBER M WELLS BLDG
160 E 300 S
SALT LAKE CITY UT 84111-2316

Direct questions regarding this rule to:

Charles Lyons at the above address, by phone at 801-530-6940, by FAX at 801-530-6980, or by Internet E-mail at clyons@utah.gov

Authorized by:

Wayne Klein, Director