WSR 98-01-071

PERMANENT RULES

DEPARTMENT OF

FINANCIAL INSTITUTIONS

[Filed December 12, 1997, 11:12 a.m.]

Date of Adoption: December 10, 1997.

Purpose: Expedited repeal of WAC 460-40A-015 through 460-40A-040. These rules were preempted by the National Securities Markets Improvement Act of 1996 (NSMIA).

Citation of Existing Rules Affected by this Order: Repealing WAC 460-40A-015 through 460-40A-040.

Statutory Authority for Adoption: RCW 21.20.450.

Adopted under Preproposal Statement of Inquiry filed as WSR 97-20-073 on September 26, 1997.

Number of Sections Adopted in Order to Comply with Federal Statute: New 0, amended 0, repealed 3; Federal Rules or Standards: New 0, amended 0, repealed 0; or Recently Enacted State Statutes: New 0, amended 0, repealed 0.

Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, amended 0, repealed 0.

Number of Sections Adopted on the Agency's own Initiative: New 0, amended 0, repealed 0.

Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, amended 0, repealed 0.

Number of Sections Adopted using Negotiated Rule Making: New 0, amended 0, repealed 0; Pilot Rule Making: New 0, amended 0, repealed 0; or Other Alternative Rule Making: New 0, amended 0, repealed 3.

Effective Date of Rule: Thirty-one days after filing.

December 10, 1997

John L. Bley

Director

REPEALER

The following chapter of the Washington Administrative Code is repealed:

Chapter 460-40A WAC (Investment companies).

Legislature Code Reviser

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Washington State Code Reviser's Office