DFI Guidance on Relief: Temporary Relief for Registrants Affected by the COVID-19 Outbreak

The record

Jurisdiction

Kentucky

Level

Sector regulator

Authority

KRS ch. 292 (Securities Act of Kentucky); EO 2020-215

Issued

2020-03-24 Mar. 24, 2020

Effective

2020-03-24

End

DFI orders ratified 30 days by HJR 77 sec. 3; DFI guidance of June 5 and U4 signature guidance extended to Jan. 15, 2022 by HJR 1 sec. 3(9)-(10) (read as 2022-01-15)

In force

Mar. 24, 2020 to Jan. 15, 2022

Quarters

2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3

2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3

Limitation types

Workplace rulesOther

Addressees

• broker-dealers
• state-registered and federal covered investment advisers
• registered agents and representatives

Functions reached

• WM wealth and advisory
• HR registration and onboarding
• OP

Collection

Kentucky KY

Operative words

Given the disruptions caused by the COVID-19 and social distancing affecting broker-dealers, state-registered investment advisers, federal covered investment advisers, and their registered agents or representatives... the Commissioner of the Kentucky Department of Financial Institutions ('DFI') temporarily grants the following: I. Relief from Requirement to Obtain Physical Signatures on Forms U4... Such firms may submit Forms U4 electronically, without first obtaining physical signatures

Enforcement

Notes