13.1-523 - Rules and forms. - Virginia Statutes

§ 13.1-523. Rules and forms.

A. The Commission shall have authority from time to time to make, amend andrescind such rules and forms as may be necessary to carry out the provisionsof this chapter, including rules and forms governing registration statements,applications and reports, and defining accounting, technical and trade termsused in this chapter insofar as such definitions are not inconsistent withthe provisions of this chapter. Among other things, the Commission shall haveauthority, for the purposes of this chapter, to prescribe the content andform of financial statements and to direct whether they should be certifiedby independent public or certified accountants. For the purpose of rules andforms, the Commission may classify securities, persons and matters within itsjurisdiction and prescribe different requirements for different classes.

B. All such rules and forms shall be available for distribution at the officeof the Commission either in printed or electronic format.

C. No provision of this chapter imposing any liability shall apply to any actdone or omitted in conformity with any rule of the Commission,notwithstanding that such rule may, after such act or omission, be amended,rescinded or found for any reason to be invalid.

(1956, c. 428; 2003, c. 595.)