REVIEW OF AGENCY RULES

Adopted Rule Reviews

Finance Commission of Texas

Title 7, Part 1

On behalf of the Finance Commission of Texas (commission), the Texas Department of Banking (department) has completed its review of Texas Administrative Code, Title 7, Part 1, Chapter 6, §§6.1 - 6.6, in its entirety.

Notice of the review of Chapter 6 was published in the August 23, 2019, issue of the Texas Register (44 TexReg 4519). No comments were received in response to the notice.

The commission believes the reasons for initially adopting the rules in Chapter 6 continue to exist. However, the department has determined that certain revisions and other changes are appropriate and necessary. Proposed amended Chapter 6 sections, with discussion of the justification for the proposed changes, will be published in this issue of the Texas Register.

The commission finds that the reasons for initially adopting these rules continue to exist and readopts Chapter 6 in accordance with the requirements of the Government Code, §2001.039.

TRD-201903784

Catherine Reyer

General Counsel

Finance Commission of Texas

Filed: October 18, 2019


Texas Department of Banking

Title 7, Part 2

On behalf of the Finance Commission of Texas (commission), the Texas Department of Banking (department) has completed its review of Texas Administrative Code, Title 7, Part 2, Chapter 15, §§15.1 - 15.122, in its entirety.

Notice of the review of Chapter 15 was published in the August 23, 2019, issue of the Texas Register (44 TexReg 4519). No comments were received in response to the notice.

The commission believes the reasons for initially adopting the rules in Chapter 15 continue to exist. However, the department has determined that certain revisions and other changes are appropriate and necessary. Proposed amended Chapter 15 sections, with discussion of the justification for the proposed changes, will be published in this issue of the Texas Register.

The commission finds that the reasons for initially adopting these rules continue to exist and readopts Chapter 15 in accordance with the requirements of the Government Code, §2001.039.

TRD-201903786

Catherine Reyer

General Counsel

Texas Department of Banking

Filed: October 18, 2019


On behalf of the Finance Commission of Texas (commission), the Texas Department of Banking has completed its review of Texas Administrative Code, Title 7, Part 2, Chapter 21 (Trust Company Corporate Activities), §§21.1 - 21.92, in its entirety.

Notice of the review of Chapter 21 was published in the August 23, 2019, issue of the Texas Register (44 TexReg 4520). No comments were received in response to the notice.

The commission believes the reasons for initially adopting the rules in Chapter 21 continue to exist. However, the department has determined that certain revisions and other changes are appropriate and necessary. Proposed amended Chapter 21 sections, with discussion of the justification for the proposed changes, will be published in this issue of the Texas Register.

Accordingly, the commission finds that the reasons for initially adopting these rules continue to exist and readopts Chapter 31 in accordance with the requirements of the Government Code, §2001.039.

TRD-201903789

Catherine Reyer

General Counsel

Texas Department of Banking

Filed: October 18, 2019


On behalf of the Finance Commission of Texas (commission), the Texas Department of Banking has completed the review of Texas Administrative Code, Title 7, Part 2, Chapter 17 (Trust Company Regulation), comprised of Subchapter A (§§17.2 - 17.4) and Subchapter B (§§17.21 - 17.23).

Notice of the review of Chapter 17 was published in the August 23, 2019, issue of the Texas Register (44 TexReg 4520). No comments were received in response to the notice.

The commission believes the reasons for initially adopting Chapter 17 continue to exist. However, the department has determined that certain revisions and other changes are appropriate and necessary. Proposed amended Chapter 17 sections, with discussion of the justification for the proposed changes, will be published in the Texas Register at a later date.

The commission finds that the reasons for initially adopting these rules continue to exist and readopts these sections in accordance with the requirements of the Government Code, §2001.039.

TRD-201903787

Catherine Reyer

General Counsel

Texas Department of Banking

Filed: October 18, 2019


On behalf of the Finance Commission of Texas (commission), the Texas Department of Banking has completed the review of Texas Administrative Code, Title 7, Part 2, Chapter 19 (Trust Company Loans and Investments), comprised of Subchapter B (§19.22); and Subchapter C (§19.51).

Notice of the review of Chapter 12 was published in the August 23, 2019, issue of the Texas Register (44 TexReg 4520). No comments were received in response to the notice.

The commission believes the reasons for initially adopting Chapter 19 continue to exist. However, the department has determined that certain revisions and other changes are appropriate and necessary. Proposed amended Chapter 19 sections, with discussion of the justification for the proposed changes, will be published in the Texas Register at a later date.

The commission finds that the reasons for initially adopting these rules continue to exist and readopts these sections in accordance with the requirements of the Government Code, §2001.039.

TRD-201903788

Catherine Reyer

General Counsel

Texas Department of Banking

Filed: October 18, 2019


State Securities Board

Title 7, Part 7

Pursuant to the notice of proposed rule review published in the September 6, 2019, issue of the Texas Register (44 TexReg 4879), the State Securities Board (Board) has reviewed and considered for readoption, revision, or repeal all sections of the following chapters of Title 7, Part 7, of the Texas Administrative Code, in accordance with Texas Government Code, §2001.039, Agency Review of Existing Rules: Chapter 109, Transactions Exempt from Registration; Chapter 111, Securities Exempt from Registration; and Chapter 139, Exemptions by Rule or Order. The text of these rules may be found in the Texas Administrative Code, Title 7, Part 7 or through the Board's website at www.ssb.texas.gov/texas-securities-act-board-rules.

The Board considered, among other things, whether the reasons for adoption of these rules continue to exist. After its review, the Board finds that the reasons for adopting these rules continue to exist and readopts these chapters, without changes, pursuant to the requirements of the Texas Government Code.

No comments were received regarding the readoption of Chapters 109, 111, or 139.

This concludes the review of 7 TAC Chapters 109, 111, and 139.

Issued in Austin, Texas on October 22, 2019.

TRD-201903849

Travis J. Iles

Securities Commissioner

State Securities Board

Filed: October 22, 2019