The COVID Project
The record
- Jurisdiction
- California; Department of Business Oversight (State securities and financial regulator; renamed Department of Financial Protection and Innovation Sept. 29, 2020) · California
- Level
- Sector regulator
- Authority
- Cal. Corp. Code § 25610 (Commissioner's rules and orders)
- Issued
- 2020-03-30 Mar. 30, 2020
- Effective
- 2020-03-30
- End
- For the duration of the Governor's emergency proclamation (temporary accommodations) (read as 2021-09-30)
- In force
- Mar. 30, 2020 to Sept. 30, 2021
- Quarters
- 2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Telework mandateOther
- Addressees
- broker-dealers and investment advisers certificated in California and their agents and representatives
- Functions reached
- WM broker-dealers and investment advisers (remote onboarding and supervision; displaced personnel)
- HR registration of agents (manual signatures waived)
- OP
- Collection
- State insurance and banking regulators AGY-ST-INSURANCE-BANKING
Operative words
On March 4, 2020, Governor Gavin Newsom issued an emergency proclamation regarding the [COVID-19 outbreak]... II. Temporary Relief from FINRA Rule 1010(c)'s Manual Signature Requirement for [Form U4 filings]... These temporary accommodations do not change any existing laws or regulations and are [available only during the emergency].
Enforcement
Cal. Corp. Code §§ 25252, 25530 (Commissioner's enforcement)
Notes
Text partially garbled by the PDF's font encoding; the headings and operative accommodations are legible in the exhibit.