Department of Licensing and Regulatory Affairs
Corporations, Securities, & Commercial Licensing
Administrative Rules for Securities
Rule Set 2021-17 LR
NOTICE OF PUBLIC HEARING
Monday, October 18, 2021
Sun Conference Room
2407 North Grand River Avenue, Lansing, MI 48906
The Department of Licensing and Regulatory Affairs will hold a public hearing to receive public
comments on proposed changes to the Securities rule set.
This ruleset adopts the North American Securities Administrators Association model rule that requires
continuing education for investment adviser representatives. Also, the ruleset will adopt the North
American Securities Administrators Association investment adviser policies and procedures model rule,
which requires investment advisers to establish, maintain, and enforce written policies and procedures
tailored to an investment adviser’s business model.
By authority conferred on the director of the department of licensing and regulatory affairs by sections
201, 202, 202a, 203, 304, 306, 401, 403, 405, 406, 410, 411, 412, 502, 504, and 605 of the uniform
securities act (2002), 2008 PA 551, MCL 451.2201, 451.2202, 451.2202a, 451.2203, 451.2304,
451.2306, 451.2401, 451.2403, 451.2405, 451.2406, 451.2410, 451.2411, 451.2412, 451.2502,
451.2504, and 451.2605, and Executive Reorganization Order No. 2012-6, MCL 445.2034
The proposed rules will take effect immediately after filing with the Secretary of State. The proposed
issue of the Michigan Register. Copies of these proposed rules may also be obtained by mail or
electronic mail at the following email address: firstname.lastname@example.org.
Comments on these proposed rules may be made at the hearing, by mail, or by electronic mail at the
following addresses until 10/25/2021 at 05:00PM.
Corporation, Securities and Commercial Licensing Bureau, Attention to: Mackenzie Jones
P.O. Box 30018, Lansing MI 48909
The public hearing will be conducted in compliance with the 1990 Americans with Disabilities Act. If the
hearing is held at a physical location, the building will be accessible with handicap parking available.
Anyone needing assistance to take part in the hearing due to disability may call 517-241-6659 to make