STATEMENT OF BASIS AND PURPOSE - Colorado
STATEMENT OF BASIS AND PURPOSE
Promulgation of Division Rules
Colorado Division of Securities
August 2, 2019
Pursuant to the authority found in the Colorado Securities Act (“Act”), sections §11-56-1-101, et seq., C.R.S. (2017), including part 6 of the Act, the Securities Commissioner adopts to Division Rules 51-3.34, 51-3.35 and 51-3.36.
Three rules are being added to comply with the requirements of section 11-51-308.7, C.R.S., the Colorado Digital Token Act.
This general statement of basis and purpose is incorporated by reference in the temporary rules adopted by the Securities Commissioner on August 2, 2019. The rules become effective on August 2, 2019.
DATED this 2nd day of August, 2019.
/s/ Chris Myklebust
_________________________________
Chris Myklebust
Securities Commissioner
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