Rule 590-4-3-.08 - Petition for Waiver or Modification of Requirements(1) An Applicant may petition the Commissioner to exercise his or her authority under Section 10-5-26 of the Act to waive or modify any of the requirements permitted to be so waived or modified pursuant to Section 10-5-26 of the Act. Such petition shall:(b) Describe the requirements that the Applicant seeks be waived or modified and the requested waiver or modification thereof; and(c) State the basis for the Applicant's belief that such waiver or modification is consistent with the protection of investors.(2) Based on the representations set forth in such petition and only to the extent that such representations are true and complete, the Commissioner may grant the waiver or modification so requested by the Applicant if the Commissioner concludes such waiver or modification is permitted by Section 10-5-26 of the Act and is consistent with the protection of investors.(3) The Commissioner may decline to rule on any petition filed under this Rule 590-4-3-.08.Ga. Comp. R. & Regs. R. 590-4-3-.08
O.C.G.A. Secs. 10-5-6, 10-5-10, 10-5-26.
Original Rule entitled "Additional Assessments" adopted. F. Jan. 16, 1984; eff. Feb. 5, 1984.Repealed: New Rule of same title adopted. F. Dec. 21, 2004; eff. Jan. 10, 2005. Repealed: New Rule entitled "Petition for Waiver or Modification of Requirements" adopted. F. Nov. 18, 2011; eff. Dec. 8, 2011.