The COVID Project
Context, not an orderThis record is guidance or an announcement kept for context. It is not counted among the orders in force.
The record
- Jurisdiction
- Washington; Department of Financial Institutions, Securities Division (State securities regulator) · Washington
- Level
- Sector regulator
- Authority
- RCW 21.20.450
- Issued
- 2020-03-24 Mar. 24, 2020
- Effective
- 2020-03-24
- End
- Temporary; until withdrawn (read as 2020-12-31)
- In force
- Mar. 24, 2020 to Dec. 31, 2020
- Quarters
- 2020 Q22020 Q32020 Q4
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Telework mandateOther
- Addressees
- broker-dealers, state registered investment advisers, federal covered investment advisers and their registered agents or representatives
- Functions reached
- WM broker-dealers and advisers (displaced personnel; unregistered locations)
- OP
- HR
- Character
- context
- Collection
- State insurance and banking regulators AGY-ST-INSURANCE-BANKING
Operative words
Given the disruptions caused by the COVID-19 outbreak and dislocations affecting broker-dealers, state registered investment advisers, federal covered investment advisers, and their registered agents or representatives (collectively, 'financial professionals'), the Washington State Department of Financial Institutions, Securities Division (DFI) will take no action to enforce the registration and other provisions of the Securities Act as described in this announcement.
Enforcement
RCW 21.20.390 (enforcement) forborne by the no-action position
Notes
The exhibit is the DFI announcement page archived October 24, 2020, which links the full no-action document (securities-no-action-relief.pdf; not separately retrieved).