This bill amends various sections of the Florida Statutes concerning securities regulation, focusing on definitions, exemptions from registration, and filing obligations for securities issuers. It introduces new definitions such as "branch manager," "general partner," and "limited liability company," which clarify roles in securities transactions. The bill revises the conditions under which securities transactions are exempt from registration, particularly for privately held companies and institutional investors. It also updates filing requirements under the Florida Invest Local Exemption law, specifies operational conditions for merger and acquisition brokers, and introduces fingerprint processing requirements for certain individuals involved in registration applications.

Additionally, the bill streamlines the registration and regulatory processes for intermediaries in securities sales, allowing for electronic submission of fees and documents. It clarifies definitions related to business combinations and adjusts ownership thresholds from 20% to 25%. The bill also expands eligibility for the Securities Guaranty Fund to include individuals with unsatisfied judgments related to securities violations and updates the application process for fund payments. Overall, these amendments aim to enhance the efficiency of the securities market in Florida while ensuring compliance with federal standards and improving investor protection.

Statutes affected:
S 988 Filed: 517.0612, 517.0614, 517.0616, 517.075, 517.301, 517.211, 517.315
S 988 c1: 517.0612, 517.0614, 517.0616, 517.075, 517.301, 517.34, 517.211, 517.315