Published in the November 1, 2019 issue of the Texas Register

Pursuant to the notice of proposed rule review published in the September 6, 2019, issue of the Texas Register (44 TexReg 4879), the State Securities Board (Board) has reviewed and considered for readoption, revision, or repeal all sections of the following chapters of Title 7, Part 7, of the Texas Administrative Code, in accordance with Texas Government Code, §2001.039, Agency Review of Existing Rules: Chapter 109, Transactions Exempt from Registration; Chapter 111, Securities Exempt from Registration; and Chapter 139, Exemptions by Rule or Order. The text of these rules may be found in the Texas Administrative Code, Title 7, Part 7 or through the Board's website at www.ssb.texas.gov/texas-securities-act-board-rules.

The Board considered, among other things, whether the reasons for adoption of these rules continue to exist. After its review, the Board finds that the reasons for adopting these rules continue to exist and readopts these chapters, without changes, pursuant to the requirements of the Texas Government Code.

No comments were received regarding the readoption of Chapters 109, 111, or 139.

This concludes the review of 7 TAC Chapters 109, 111, and 139.

Issued in Austin, Texas on October 22, 2019.

TRD-201903849

Travis J. Iles

Securities Commissioner

State Securities Board

Filed: October 22, 2019