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MI HB4994
Bill
Status
10/3/2023
Primary Sponsor
Phil Skaggs
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AI Summary
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Modifies registration and filing fees for securities professionals under Michigan's uniform securities act, effective September 29, 2023
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Reduces broker-dealer registration fees from $300 to $250 per application and renewal after October 1, 2027
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Reduces agent registration fees from $65 to $30 per application, renewal, and change of registration after October 1, 2027
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Reduces investment adviser registration fees from $200 to $150 per application and renewal, and investment adviser representative fees from $65 to $30 per application, renewal, and change after October 1, 2027
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Reduces federal covered investment adviser notice fees from $200 to $150 per initial and annual filing after October 1, 2027
Legislative Description
Businesses: securities; certain fees under the uniform securities act (2002); modify. Amends sec. 410 of 2008 PA 551 (MCL 451.2410).
State agencies (existing): licensing and regulatory affairs
Last Action
Assigned Pa 132'23 With Immediate Effect
10/3/2023